We're pleased to share that Elsight (ASX: ELS) has received repeat orders of its Rider units to its Traffilog and Alrena.
Traffilog is a key partner of Elsight, selling Elsight's Rider system as an add-on to its fleet management solution which they sell globally. To-date Traffilog has been selling the Rider system to a UK security agency and we're pleased to see that this order is to a new customer: "a large public transport fleet project".
As announced in December, the Alrena rollout was delayed and was invigorated by public and private French investment. It is also pleasing to see that Alrena's orders are on track, continuing to roll out the systems to emergency teams in France.
Elsight has done well to continue to grow revenue for its legacy products while developing and launching the revolutionary, Halo product.
Please click here for today's announcement.
Corporate Finance - Executive Director
Gleneagle Securities (Aust) Pty Limited
Level 27, 25 Bligh Street, Sydney NSW 2000
Ph: +612 8277 6683