Ann: Elsight Awarded Important Defence Contract, page-130

Agreed a take over is very possible.

As far as Hikvision,he stated that it takes time to create deals with that type of Company and the cycles are long.

Hikvision, headquartered in Hangzhou, China claims to be the leading video and IoT product provider in the world, with video as its core technology.

It is also an example, says Gabay, of how he believes big money will eventually come from strategic partnerships with companies like the Chinese giant. (Market cap of US$29b according to Forbes.)

Elsight, he says, develops video solutions while Hickvision is a video product company.

Gabay says, over the coming months, he has launched a new strategy that will see Elsight target (verticals), that will have a direct effect on revenue.