I will try and write more later tonight/tomorrow.... but IMHOB this latest new move makes a tonne of sense.
The biggest 2 points for me are -
1. Cost to get this commercial - are minuscule in relative terms. Team at ePAT have already done years of leg work via PhD and other in house development. This translates to hundreds and hundreds of man hours. Then to get this to trial and finally to commercialise it will take some decent money but probably in the millions. Consider this against a mine that would take 10s to 100s of millions and vasts amount of time. A lot of the leg work is done and what is left will come at a reasonable cost.
2. Application opportunity. 2 major markets both going to grow considerably (albeit they are already large). Elderly and nursing home patients are continuing to grow and this app has the potential to be utilised specifically by the health care providers, but also families. Secondly the applications for use in young children who cannot verbalise is also going to continue to grow - so there is another ready made market for a group of people (parents) who already run most of their lives through the use of their mobile devices.
To me this is a great move by the company.
Regards DW
MNQ Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held