I attended the Melbourne Sensera preso yesterday and was extremely impressed. What's crystal clear is that SE1 pulled of an amazing deal considering $40m euro has been spent on the nanotron tech with highly favourable terms to SE1.
They will take a great tech and make it even better and expand on the animal well ness tracking (like fitbit for animals) and mine safety collision avoidance and look at other market verticals and opportunities, drone tracking was one example.
Ross H also spoke in great detail about the first of the 2 anchor clients a medtech company specialising in cardiovascular instruments having a global market share of 80% and SE1 being deeply embedded in their supply chain having developed a micros sensor for them, he also mentioned that a large part of the $7m in forecast revenue will come from this one client, then there are 2 other marquee customers to enter full production in early 2018 being for location awareness tracking, then the other respiratory tracking real time monitoring of oxygen saturation in a breathing mask, ie sleep apnoea. The sensor gets imbedded in the mask.
Sensera wants to control the supply chain with proprietary IP, they are not just about sensors they are about the full solution to the customer (micro sensor & software) which gives them a strong moat and very attractive margins and this strategy will ensure that they don't become commoditized.
The search for a CEO is also progressing very well and we should hear something further within the next couple of months or so. They will be highly experienced with impressive credentials in the IOT space.
As
@Lefevre has mentioned the revenue targets for next year are quite conservative that's also the strong vibe I got.
Exciting company to be involved in and remember this is only the first of many IP acquisitions so this is essentially only the beginning.....
