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.
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We're pleased to share today's ASX announcement that ELS has launched its revolutionary chip, called "Halo" . Elsight unveiled Halo today at the largest mobile expo: Mobile World Congress in Barcelona.
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We're pleased to report MWR's announcement today, including:
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We're expecting MWR to bounce after their positive sales update announced after market close yesterday.
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We're pleased to share today's ASX announcement that ELS received its first large order from its French-based partner, Alrena, in the new Telemedicine vertical.
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Announcement
Thanks to the good offices of Nadaisan Logaraj, recently appointed Director of Elsight (proudly introduced by Gleneagle!), Elsight announced today that Mr Khoo Boon Hui has joined Mr Ami Sagis on Elsight’s newly formed Advisory Board. He is currently an Advisor to INTERPOL and holds advisory and board positions in Banking, Healthcare, Defence, Security and Philanthropy as well as on Singapore’s National Cybersecurity R&D Programme International Advisory Panel and the Global Commission for the Stability of Cyberspace.
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As announced to the ASX on Friday after market closed, Gleneagle is pleased to share with you the link to the webinar of Elsight's (ASX: ELS) first Quarterly Investor Briefing on Thursday 8 November 2018.
The presenters (and their location at the time of the briefing) were:
- Nir Gabay, CEO (Tel-Aviv)
- David Furstenberg, Director (Tel-Aviv)
- Howard Digby, Director (Perth)
- Roee Kashi, CTO (London)
- Justin Rosenberg, host and Corporate Adviser, Gleneagle Securities (Sydney)
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As was announced this morning, Elsight's (ASX: ELS) Inaugural Investor Briefing Webinar starts in 30 mins (at 4pm AEDT).
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Here is my latest upgrade (Price Target increased to $8.24 (up >600% from our initial PT 5 months ago; currently up 250% since then) to my MGM Wireless forecasts and valuation following the successful rollout of the SPACETALK watch to Spark NZ - a major achievement - and the very positive Trading Update. The performance of MGM and their success in the new wearables category for kids continues to exceed my expectations.
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