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.
We are pleased to report that Elsight Ltd (ASX: ELS) announced today its largest order to-date: a US$323k order to its partner, Traffilog to "the same UK security agency project as in the first order."
ELS is getting traction in:
- Defence, Security and Transport,
- in Israel, UK, Asia and expected to be the USA based on the number of trips they've made to the USA this year.
Please click here for the full announcement.
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Corporate Finance - Executive Director
Gleneagle Securities (Aust) Pty Limited
Level 27, 25 Bligh Street, Sydney NSW 2000
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We're pleased to share Elsight's announcement this morning, representing extraordinary validation from the world leader in defence aircraft, Israel Aerospace Industries:
We're pleased to advise that Elsight has been awarded sole supplier status by the key Israeli defence agency. This win further confirms Elsight's dominance in the Communications-on-the-move sector as competing bidders were unable to meet the technical requirements.
We’re pleased to advise that Gleneagle has successfully recruited Raj Logaraj to join the Board of Elsight. Gleneagle will work closely with Raj to expand Elsight’s pipeline in the Indo Pacific region – namely, Singapore, Indonesia, Hong Kong, Philippines, Malaysia and, of course, Australia.
Gleneagle are pleased to offer you, our clients and subscribers, free tickets to WI's Technology Event on Monday and Tuesday this week. On Monday, presentations cover Internet of Things (IoT), Quantum Computing, Robotics, Drones, Artificial Intelligence, SaaS, Machine Learning, Life Science, Virtual Reality, Augmented Reality and Clean Technology.
We're very proud that Dipio's founder, Asaf Zmirly, has assisted to locate and rescue the boys who were lost in the Thai cave. Within the same day of contacting Asaf, the team flew with the special communication equipment from Israel to Thailand, and assisted in finding the boys. Asaf's expertise in communication and special operations helped him to find the proper solution. As per the interviews below, Asaf chose Maxtech's unique mesh technology to facilitate communications to the Thai Navy Seals operation and to find the boys. Mesh technology enables each handset to provide connectivity to the nearby handsets thereby establishing a communications link all the way through the cave.
Of course, this is the second time in recent years, that Israel has provided invaluable support to Thailand in her time of need.
We look forward to the speedy rescue of the remaining boys and full recovery of all concerned. Deepest sympathies to the heroic diver who gave his life to rescue the boys.
We at Gleneagle are pleased to advise that we have been appointed as Corporate Adviser to Elsight (ASX:ELS). We look forward to working with the Company to get the message out about Elsight's commanding position in the video on the move communications sector. Elsight is the only solution to distribute 4K resolution (ie broadcast quality) video over cellular networks ‘on the move’ with 0.5 second latency. The nearest competitor suffers 60 second latency.
We're please to share our research report on MGM Wireless (ASX: MWR) after the launch of their SPACETALK Kid's smartwatch: Please click here for the report: