Ann: Appendix 4C - Quarterly & Activity Report, page-16

Agree - clearly I'm reading a different 4C to everyone else.


Since the reporting period, in October, the Company was selected along with a handful of industry leaders to be part of a strategic autonomous car initiative by the Israeli Government. The Company will begin planning its part in this futuristic project over the next quarter and forge relationships with the other players involved for the purpose of working together during the initiative and beyond.

Elsight has an historically high win rate for bids in which it participates and this was validated during the quarter. It is also a factor that works in the Company’s favour in negotiations to sign up new channel partners for which there have been no shortage of interested parties. Over the next quarter the Company will refine its channel strategy and its internal business organisation in order to optimise the targeting and generation of profitable business

The Board remains confident as indicated in the last quarterly that revenue should significantly increase into the second half of the calendar year.