At the moment from what I can ascertain we have three components within the UK Gov't:
1) Prime tender announcement - Feb 2016
Covata was named in a successful UK law-enforcement and community services tender by a multi-national aero-space and defence corporation (Prime contractor). This is a multi-year contract with a total value to the Prime contractor in excess of $200M AUD.
2) HOA - FCOS to become user/re seller of safe share - Apr 2016
-Agreement that was to see Safe Share delivered to UK Gov departments over FCOS trusted infrastructure, accelerating the conversion of the current government pipeline consisting of more than 250,000 potential end users.
3) Covata awarded paid POC with CPS, Her Majesty’s Revenue & Customers (HMRC) service and the National Crime Authority (NCA) - October 2016
- Within this we have the govt' departments responsible for prosecuting criminal cases, tax, payments and customs authority, Economic Crime Command, National Cyber Crime etc etc
Despite the horrible $16k of earnings, the carrot is still well and truly there in terms of future earnings, just based on above UK Govt deals..
Covata was to price in Safe Share in G8 at two price points; ‘UK Gov +’ from £8 to £10 per user per month (PUPM) and ‘UK Gov + Premium’ from £25 to £29 PUPM...if these deals come of it mean BIG $
Let alone any Telco/Cisco deals in the wings...
CVT Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held