Ann: Trading Halt, page-7

I had a look at the video last night which was posted on HotCopper. ElSight Halo is a fantastic product.

My initial expectation after getting in ELS after IPO was the chip would take 3-5 years. It’s come about in just over a year.

The original intention was to get the size of the product down to a cigarette packet. As per the video, they have been able to get this onto a chip ready to be inserted into any hardware, 5G ready is a huge plus.

The rollout hasn’t event begun on 5G and all these autonomous vehicles companies must be looking towards this technology. MobilEye was taken out for US$15 Billion last year by Intel as part of its entry into the autonomous vehicle market. We are at $46M AUD with growing revenues and a healthy cash balance.

Im looking forward to seeing any international interest in this stock. If any NDAs with their several global companies are disclosed then the stock could go anywhere.