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CONNECTED MINERALS LIMITED — Capital/Financing Update 2016
Nov 7, 2016
64669_rns_2016-11-07_897bc0fe-b188-457c-b4a8-099db7741ebd.pdf
Capital/Financing Update
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8 November 2016
Company Announcements Office Australian Securities Exchange 10[th] Floor 20 Bond Street SYDNEY NSW 2000
G8C REVENUE ORDER RECEIVED
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US based energy company Level Ops Energy place Purchase Order for 1,000 units.
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Purchase Order will deliver between USD$10,000 to USD$15,000 per month in revenue to G8C.
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Product to be used providing wireless communication solutions to the Oil and Gas industry.
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The sale to Level Ops Energy demonstrates a further very large industry where M2M solutions are streamlining business operations.
The Board of G8 Communications Limited (“G8C”) is pleased to announce that its 100% owned subsidiary Connected IO has received a Purchase Order from Level Ops Energy in the United States.
Level Ops Energy is a US based Oil and Gas service provider delivering system integration solutions to the Oil and Gas industry. They aim to provide new technology to assist in reducing operating expenses by providing innovation and process efficiencies via automation solutions.
Level Ops Energy will integrate Connected IO’s modem product into specific Oil and Gas wireless communication solutions over the coming six months. The Purchase order will provide G8C / Connected IO with revenues of between $10,000 to $15,000 per month over the next 6 months with further orders anticipated at that time.
The addressable market for Level Ops Energy solutions is expected to be in the 10’s of thousands of units. The Oil and Gas industry provides G8C with another substantial avenue for M2M expansion and increased revenues. G8C see the Level Ops Energy contract as a developing and defining step in the growth of G8C.
G8 Communications Limited ABN 99 009 076 233 Level 24, 44 St Georges Tce, Perth WA 6000 T +61 8 6211 5099; F +61 8 9218 8875
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G8C CEO Yakov Temov said “G8C welcomes the opportunity to work with Level Ops Energy to develop and provide solutions for the Oil and Gas industry. G8C looks forward to developing the relationship with Level Ops Energy as well as other industry players throughout 2017.”
About G8 Communications
Connected IO, G8 Communications wholly owned subsidiary is a US based wireless technology innovator and manufacturer operating in the multi billion-dollar Internet of Things (“IoT”) space. G8 specialises in machine to machine (“M2M”) connectivity, providing hardware solutions for some of the world’s largest companies including Coca Cola, Verizon and AT&T. G8’s software solutions also include a customised cloud management interface and variety of support services. Cisco predicts there will be 50 billion connected devices by 2020.
For further information please contact:
Yakov Temov (USA) – [email protected] Jason Ferris (Aus) – [email protected]
G8 Communications Limited ABN 99 009 076 233 Level 24, 44 St Georges Tec, Perth WA 6000 T +61 8 6211 5099; F +61 8 9218 8875