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ELSIGHT LIMITED — Capital/Financing Update 2019
Mar 28, 2019
64836_rns_2019-03-28_95ba48cd-2101-404e-be60-0a2bcefb682a.pdf
Capital/Financing Update
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29 March 2019
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ASX Announcement
Elsight Limited receives repeat orders from key partners Traffilog and Alrena
Highlights
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Traffilog cooperation expands with placement of additional order worth approximately AU$246,000
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Elsight to deliver Traffilog with more robust and updated Rider series 8-channels units for heavy-duty fleet vehicles
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Alrena has placed an order for the second tranche of complete Smart Medicase kits
Elsight Limited (ASX: “ELS”) an ASX listed company that develops advanced communication technologies for realtime data, video, and audio transmission over cellular networks in mission-critical environments, has received large repeat orders from two of its key integration partners.
Traffilog
Elsight has received a further large order from Traffilog for its Fleet management Solutions customers in the U.K. This is the fourth order that Elsight has received for its Rider series product from Traffilog, this time for a large public transport fleet project.
This new order will include the integration of Elsight Rider-T with 8-Channels to support 8 video cameras at once into Traffilog's large bus fleet network.
"This new order from our highly demanding heavy-duty fleet management customer shows great promise towards the future of our cooperation with Elsight, now also tailoring the best-fitted solution to our large fleet customers,” said Assi Biton, Deputy CEO of Traffilog.
Elsight's leading fleet management solutions provide state of the art high definition cameras together with an advanced vehicle video recording system (DVR/NVR) and real time transmission via 4G/LTE networks. With Elsight, Traffilog is now able to offer integrated video solution in the same platform gaining a crucial value add offering to its customers (More at https://elsight.com/news/traffilog-case-study/).
The two companies also deepened their partnership with joint development plans to complete an in-depth integration between the two platforms: Elsight's video transmission platform with Traffilog's telematics FMS platform.
Alrena
Elsight has received a purchase order for the second tranche of 10 complete Smart Medicase kits - handheld emergency telemedicine kits- complete with Elsight’s innovative Multichannel technology, under a blanket order first announced in December 2018.
"We are pleased to receive repeat orders from Alrena, Traffilog as well as a number of other partners and customers,” said Nir Gabay, Elsight CEO. “This not only provides us with positive endorsement through customer satisfaction and demand but is important for our goal of driving strong revenue growth in 2019.”
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For more information, please contact:
Corporate Enquiries
Justin Rosenberg Gleneagle Securities T: +61 2 8277 6683 E: [email protected]
Australian Media and Business Enquiries
Howard Digby Elsight Limited T: +61 434 987 750 E: [email protected]
About Elsight
Elsight (www.el-sight.com) is a solution provider of ground-breaking hybrid video and data transport services (onthe-move or fixed) for large Safe-City projects, sensitive facilities management, and surveillance and protective activities. The platform supports video capturing, recording, and highly secured transmission against video interception and hacking. Elsight ’s platform was designed to address the most demanding requirements of Special Forces across enemy lines and sophisticated intelligence organizations. These systems underwent the most rigorous testing in combat situations as well as extensive testing by the most demanding laboratories. As a result, they present an unmatched level of reliability, lowest latency, and highest adaptive bandwidth over cellular networks that enables HD and 4K TV transmission quality, with “never-fail” redundancy and much more. For the first time they offer strict military requirements for civil usage. Elsight ’s customers range from defence and homeland security, industrial security, broadcasting, first responders and healthcare.
About Traffilog
Traffilog provides complete telematics solutions (website: traffilog.com) for auto manufacturers, insurance, SVR and fleet management industries. Founded in 2003, Traffilog’s solution has already been deployed in over 28 countries, offering a wide range of solutions and Big Data based products. Traffilog unique expertise is based on in-depth automotive engineering knowledge, strong real-time programming skills, and modern web-based applications – all serviced by a vast network of leading experts in the fields of transportation, communications, logistics, operations, and software development.
About Alrena
Alrena Technologies (website: www.alrena.com) is a Paris based innovator developing a platform for emergency medicine to remote locations. Beyond these developments, the company constantly works towards the integration of new medical devices to assure constant enrichment of its content and capabilities. They offer the medical community and the emergency forces a strong team of engineers and R&D.