VLT should hopefully start gaining traction across the ASX listed hard rock and oil & gas space with time IMO. The fact that PEM & OCG are the only listed resource companies currently using the VLT platform should provide further support that this growth story is just beginning to take shape, the tip of the iceberg, as compressed commodity prices highlight the need for the roll out of forward thinking upstream platforms like VLT's.
The uptake of VLT's products and the customer retention rate of more than 95% suggests VLT’s claim that it can provide a comprehensive, end-to end solution to diverse industries is compelling. VLT is one of several first movers globally in a rapidly changing space, which could be said about any sector, but cloud-based, end-to-end Environmental Health & Safety (EHS) is inevitable IMO.
Safety outcomes have a direct impact on the bottom line, making a HSE program an impactful way to improve your overall business performance. On the flip side, a mismanaged HSE program has many potential costs, including higher injury rates and insurance premiums, fines, disruptions to operations, lost productivity, damage to property or equipment and decreased standing with potential customers, investors and partners.
For those not aware how this space is evolving, peruse over the attached link pertaining to a private North American EHS group based in Canada and active in the North American market. They raised $C165m over 12 months ago.
http://www.cantechletter.com/2016/0...nver-colorado-emis-software-provider-ecocion/
DYOR
