Sales Update
EYEfi Group Technologies (CSE:EGTI)(OTC PINK:EGTTF) has received a significant order from Melbourne Water Corporation for an Axis Q8742-E camera combined with EYEfi's SPARC technology. This order, valued at $52,000, enables real-time fire location detection over 60km without the need for triangulation or GPS. EYEfi anticipates further orders this quarter, including from the Victorian Government. Additionally, the company is finalizing contracts with other government departments for technological upgrades and new capabilities in EYEfi Cloud.
- Received a $52,000 order from Melbourne Water Corporation.
- Enables advanced fire detection capabilities over 60km.
- Anticipates additional orders from Victorian Government and other departments.
- Contracts nearing finalization for technology upgrades.
- None.
TORONTO ON / ACCESSWIRE / December 5, 2022 / EYEfi Group Technologies Inc. (CSE:EGTI)(OTC PINK:EGTTF) ("EYEFi") is pleased to report that it has received an order from Melbourne Water Corporation.
The order utilizes an Axis Q8742-E camera (visual and thermal spectrum) combined with EYEfi's SPARC technology, to cover more that 12,000 square kilometers and enable an operator to determine the geographical location of a fire at more than 60km's away in real-time, without the need for triangulation, GPS or any other frame of reference. This single order is valued at
Additionally, the company is also working with other government departments such as the Department of Transport who currently utilizes EYEfi Cloud's, Automated Incident Management (AIM) solution. EYEfi is expecting to sign a new sales contract for a refresh and upgrade technology in the field along with the introduction of new capabilities within the EYEfi Cloud product.
The Company will provide further sales updates with several contracts nearing finalization.
More information on EYEfi can be found on our website here.
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About EYEfi in detail:
EYEfi is connecting the world's people and devices with the world around them, in real-time and in ways not previously possible.
EYEfi is a software and electronics engineering company that has developed, patented and commercialized an innovative spatial technology; spatial, predictive, approximation and radial convolution (SPARC) and an associated product suite, that turns sensors, cameras and smartphones (fixed, mobile, airborne, portable or handheld) into geo-target co-ordinate acquisition devices.
EYEfi has also developed IIoT sensor hardware and associated cloud software, as a second pillar within its product offering. EYEfi Cloud is a next generation cloud platform that provides a secure and centralized environment where customers can manage their EYEfi product deployments and applications.
On behalf of the board of directors of
EYEFI GROUP TECHNOLOGIES INC.
"Simon Langdon"
Simon Langdon, CEO
For more information contact:
Simon Langdon Chief Executive Officer EYEfi Group Technologies Inc. Email: info@eyefi.com.au | Mark van der Horst Investor Relations EYEfi Group Technologies Inc. Telephone: +1 (604) 760 7604 Email: mark@galecapital.com |
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE. NO SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
FORWARD LOOKING INFORMATION
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information.
The forward-looking statements are based on the reasonable assumptions, estimates, opinions and analyses of management made in light of its experience and perception of historical trends in the delivery of services through its Cloud, current conditions, expected future developments and other factors management of EYEfi believes are appropriate, relevant and reasonable in the circumstances at the date that such statements are made. All of these assumptions, estimates and opinions will necessarily be subject to change due to future events and other circumstances outside the control of EYEfi, including the effect of the Covid 19 virus. EYEfi has based the forward looking information on various material assumptions, including: despite the threat of the Covid 19 virus, EYEfi will sustain or increase profitability although on a slower projection then previously planned, and will be able to fund its operations with existing capital and projected revenue from its current agreements with its Channel Partners; EYEfi will be able to attract and retain key personnel in future if required; the general business, economic, financial market, regulatory and political conditions in which EYEfi operates will remain positive as its services can be provided in EYEfi's Cloud although deliver of its hardware may be affect by supply chain disruptions; that the general regulatory environment will not change in a manner adverse to the business of EYEfi; the tax treatment of EYEfi and its subsidiary will remain constant and EYEfi will not become subject to any material legal proceedings; the economy generally; competition, and anticipated and unanticipated costs.
Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors, assumptions and exclusions is not exhaustive.
The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
SOURCE: EYEfi Group Technologies Inc.
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