Great announcement and I really like the idea of having it pre-loaded onto the device by the manufacturer, even before the telco reseller gets hold of it.
My only concern is this...
We are unable to forecast the potential revenue from this agreement or its financial materiality. The Company however considers this a strategically important agreement given the Company’s commercialisation strategy. Whilst the Company expects Family Zone enabled Alcatel devices to be inmarket in 2018, re-seller arrangements have not yet been agreed with any Telcos.
That seems to imply that this agreement in itself will not be revenue generating, but strategically it should open doors into the Australian Telcos, and that's where the opportunity is? However, nothing guaranteed at this stage.
FZO Price at posting:
59.0¢ Sentiment: Hold Disclosure: Not Held
