Ann: Business Update, page-13

I posted the following article in the BUD forum and I thought it might be relevant to CT1:

https://www.tmt-magazine.com/2019-how-smart-homes-are-influencing-wholesalers-to-shift-towards-a-consumer-focused-market

• The consumer market for IoT products is anticipated to grow much faster than the B2B market.
• Indicators suggests that smart home devices are set to replicate the speed of home computer adoption.

Eposode Data Solutions recognised the opportunity to offer CCP's temperature monitoring solution in the B2C space.
On 23 Jan 2019, CT1 announced it has been contracted by Eposode to develop a new IoT device for the consumer market.
I assume this will not be a significant redesign - and therefore should not take long to roll-out first prototypes.
From the image in the announcement, it looks like a new device housing is being considered, but the electronics inside would probably be the same.

The SaaS sales strategy doesn't seem to be working across my other IoT stocks.
Perhaps the Eposode deal is CT1 dipping its toes into the OEM space.
This could be a good pivot for CT1 given its foray into the B2B market (like all other IOT start-ups) has not delivered the sales volume expected.