InvestmentPitch Media Video Discusses EYEfi Group Technologies and its Report of Sales Growth in Excess of 40% from Two of its Largest Customers in Australia – Yahoo Finance
VANCOUVER, British Columbia, Oct. 07, 2022 (GLOBE NEWSWIRE) — EYEfi Group Technologies (CSE:EGTI) (OTCPink:EGTTF), a software and electronics engineering company, continues to expand its revenues from Telstra Corporation, Australia’s largest wireless carrier. Sales growth from Telstra, an EYEfi channel partner or reseller, is up 41% year-over-year.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company. The video is available for viewing on “InvestmentPitch.com” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “EYEfi” in the search box.
EYEfi has been continually expanding the services delivered through the Telstra contract over the past 12 months, primarily relating to its end customers, the Victorian Government Department of Transport (DoT) and VicRoads. VicRoads, part of Department of Transport for the State of Victoria, in southeast Australia, is responsible for more than 19,000 kilometres of arterial roads from the major freeways and highways to the smaller roads and with a population of more than 6.5 million, Victoria is the most densely populated state in Australia.
EYEfi Cloud’s Automated Incident Management (AIM) technology is currently installed across the entire fleet of Incident Management Vehicles (IMV’s) at VicRoads and provides improved incident management, compliance, reporting and safety of field personnel. EYEfi continues to experience growth due to the increase in the number of incident management vehicles from 10 to 18, and cameras from 20 to 36 all connected to the EYEfi Cloud platform and currently processes more than 3000 incidents per month for the department throughout Victoria’s road network.
EYEfi is currently in discussions with prospective partners to expand this offering into other major regions around the world.
Earlier this week, EYEfi reported sales revenue growth of 52%, year-to-date for the latest 12 months from the Melbourne Water Corporation, which uses the company’s EYEfi SPARC technology to monitor bushfires. In addition to the fixed tower-based solution being provided to Melbourne Water, EYEfi will be deploying the first of the vantage point cameras this coming fire season, offering entirely new vision and spatial targeting of fire ignition events located in remote areas of the water catchment.
The innovative solution incorporates the solar panel into the pole design and houses all EYEfi communications equipment and batteries, to provide 24/7 monitoring of the surroundings. Any single EYEfi SPARC-enabled camera can determine the exact location of a fire from a single viewpoint; significantly improving the safety of field personnel and saving precious time by determining the fire’s location remotely, and in real-time.
Simon Langdon, EYEfi’s CEO, stated: “We are looking forward to deploying this capability for Melbourne Water this coming fire season and providing them with entirely new capabilities and vision that will better protect their assets, personnel, and the broader community. This is an easy to install solution that is very scalable and affordable, making it a perfect fit for these vantage point sites.”
EYEfi has developed, patented and commercialized an innovative spatial technology known as SPARC, an acronym standing for spatial, predictive, approximation and radial convolution, along with an associated product suite, which turns sensors, cameras and smartphones, whether fixed, mobile, airborne or portable, into geo-target co-ordinate acquisition devices, connecting people and devices, in real-time and in ways not previously possible.
EYEfi has also developed IoT 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.
The shares are trading at $0.40. For more information about EYEfi’s products, please visit the company’s website www.EYEfiGroup.com, contact Simon Langdon, CEO, by email at info@EYEfi.com.au. For investor relations in North America, please contact Mark van der Horst at 604-760-7604 or by email at mark@GaleCapital.com.
Disclaimer
The information in this InvestmentPitch Media Ltd video is for the viewers information only. EYEfi Group has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.
About InvestmentPitch Media
InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.
CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com
Related Quotes
TAIPEI, TAIWAN – Media OutReach – 7 October 2022 – The multi-IPs blockchain game PetaRush today announced its collaboration with Blue-Chip NFT project Demi-Human NFT. The collaboration between the …
Tesla stock is forming a bearish head-and-shoulders pattern. And with CEO Elon Musk likely selling more stock to fund his Twitter purchase, shares of the electric-vehicle giant might have further to fall.
AMD stock is hitting 52-week lows as it reports disappointing preliminary revenue results. Here's when to buy the chipmaker's shares.
Here are the markets that will be open on Columbus Day, also recognized as Indigenous Peoples' Day, on Monday, Oct. 10.
The stock is down more than 12% so far this year and has a 52-week low of $18.89 and a 52-week high of $41.56. The stock slid when a federal judge pushed back a hearing until Jan. 5 regarding a lawsuit opposing the company's Thacker Pass lithium mine in Humboldt County in Nevada. Opponents of the mine are trying to get the court to overturn the mine's approval, set by then-President Donald Trump in January 2021.
Seana Smith checks out several stocks and sectors trending in the after-hours trading session, including the semiconductor industry following President Biden's export restrictions on China.
The message is simple. Be greedy when others are fearful.
Many S&P 500 investors are convinced a recession is on the way. And if it is, you'll want to know which stocks to avoid.
Investors listen to Warren Buffett because of his long-term ability to beat the S&P 500. Between 1965 and 2021, a 56-year timeframe, his Berkshire Hathaway portfolio has logged average returns of 20.1%. Berkshire has also beat the indexes in 2022, with Berkshire stock falling 6% since January versus almost 20% for the S&P 500.
Investors are facing a storm of headwinds right now – a genuine bear market, stubbornly high inflation, rising interest rates, and increased fears of a recession in the near-term. However, Mary Callahan Erdoes, CEO of JPMorgan's Asset & Wealth Management division, advises investors to stay invested. "It's actually the easiest time in the world to find alpha — there is alpha everywhere… It's everywhere, because we are in such a state of change… While all the world is focused on all the black
Bank of America Senior Semiconductor Analyst Vivek Arya assesses the outlook of semiconductor stocks amid waning demand and export restrictions on China
Aehr Test Systems (NASDAQ: AEHR), a once-obscure stock that has become noticed by many investors thanks to its connection with the electric vehicle (EV) industry, had quite the trading session on Friday.
Semiconductor maker Advanced Micro Devices issued a third-quarter revenue warning Thursday after the close of trading. Let's check on the charts and indicators again. Our last review on September 27 was not encouraging.
The chip sector melted down Friday for its third 6% one-day drop of the year after U.S. regulators moved to pump the brakes on China's military ambitions as it issued wider restrictions on semiconductor and AI technology that can be sold to the world's second-largest economy.
Alphabet recently dipped below the $100 a share level after routinely trading over $2,000 pre-split. The lower price makes the stock more attainable to many investors and offers a great chance to buy Alphabet shares for the long haul.
Yahoo Finance Live anchors discuss the decline in stock for AMD after issuing preliminary third-quarter results.
“The Fed will have no choice but to reliquefy the system,'' an event that is likely to happen by the end of the World Series, Minerd writes on Thursday.
Shares of high-powered software stocks Snowflake (NYSE: SNOW), Datadog (NASDAQ: DDOG), and MongoDB (NASDAQ: MDB) all plunged today, down 7.4%, 6.3%, and 5.4%, respectively, as of 3:45 p.m. ET. The pain across the technology sector came on the heels of this morning's stronger-than-expected jobs report, which brought back fears of steeper interest rate hikes from the Federal Reserve. Technology stocks, especially high-growth, unprofitable tech stocks with the bulk of their earnings power far in the future, are quite sensitive to long-term interest rates.
Angel investor Jason Calacanis told Musk that ending the work-from-home policy at Twitter could be used to cut staff without the company having to pay employees severance.
The U.S. emergency oil reserves haven’t been this low in four decades.