I tuned into the webinar as I'm sure most did. Nir continually...

I tuned into the webinar as I'm sure most did. Nir continually reiterated, along with David, that 2019 will be the year Els achieves huge success and delivers on the revenue from all the foundation laying this year.

Some key takeaways:
♦ HLS - winning significant tenders and potential is huge. They all suffer from communication problems. Same solution for the US as per what was carried out in Israel - difference being the size and the US budget!
♦Medical - Alrena have issued first orders to Els ($9M deal over 3 yrs) Delays as we know on their end.
♦Variety of Govt bodies are approaching Els to provide a multitude of different solutions. From logistical companies, to fire and rescue, ambulance, police and the like
♦Installing of Els tech into Hikvision vehicles which will generate new income for both parties
♦Reference to Mobileye as the leader in Aid Assistance and Traffilog for fleet management and the need for cloud services that i inferred as all 3 incl Els providing the unhackable connectivity.
♦Autonomous cars need high bandwidth and COTM (cyber security)
♦ NDA's are tracking along and no issues. Counter-party not ready to have name released and asx won't allow an announcement unless revenue guidance attached or counter-party agree to be named.
♦Significant rev growth for '19 expected
♦Overheads will remain constant but more than compensated by rev next year
♦ Police and Military orders have not been maximised to full potential yet due to the Israeli Ministry for Finance putting a freeze on the Police budget due to tension between Police Commissioner and PM. This resulted in an investigation. Police Commissioner to be replaced end of year and once replaced, the belief is that the budget freeze will be removed. Something outside Els control.
♦ David advised that dealing with the DOD as a new player in the US can take 5-7 years. Els have cherry-picked partners that are already contractors of the DOD. Els have acquired advisors with high connections in the DOD network in order for Els to grow faster into that market.
♦Els expect pilots relating to this market Q1, '19 with revenues in '19
♦Cloud services a major focus utilising Els tech
♦The drone market is huge - Els is the only company that can provide a separate channel for sending video (military standard) in realtime unhackable. Other companies are trying to achieve this using 1 sim - the dual sim avoids this with back-up satellite connectivity
♦The tech as we know is being miniaturised as we know. The tech can be sold as a component that will be part of your car, first responder, camera, drones etc. From a Takeover perspective, selling one facet of the tech (i.e.: to a NDAS company) will not impact on other verticals. This was my question and i felt a pertinent one. My concern was always an offer undermining true inherent value across all verticals.

Suffice to say, a lot happening. The NDA's will put a missile under the share price. The rest (above) will be the cream. My opinion is that the likes of a Mobileye JV could comfortably see us t $3 a share. I think we can go even higher as the above will play out.