IAG taking a chunk in DDT would certainly see the share price rally big time (fingers crossed).
I've also been reading over and over again the Corporate Insights Interview with CEO Ian Allen as announced 2nd May 2006. Here are my favourites
1.John Kessell – Analyst So who are your major competitors in the automobile segment?
DataDot Technology CEO – Mr Ian Allen Well, we don’t have any major competitors in identification in the automobile sector at all. We are out here on a world stage all alone at the moment and we have been working with the police and the governments and the regulatory authorities on the message of identification of components and vehicle marking.
2.John Kessell – Analyst You have developed a robotic application that automatically applies DataDot DNA during vehicle manufacture. Can you provide us with a market update on this development? Do you have OEMs signed up to try or buy the robotic application?
DataDot Technology CEO – Mr Ian Allen I can’t comment on that at this particular time, in fact for another couple of weeks. Significant announcements about that robot will be made at the end of April/early May. ------ Regards Robotic arm announcement "end if April/early May" - well it is the 9th now so the “SIGNIFICANT ANNOUNCEMENT” should be out this week or next week (ie. “early May”). Also some of you might remember the first AGM back in 27th October 2006 Ian Allen stated:
“Well in our next phase of development this limitation is about to be removed. The key is a new robotic application of DataDotDNA, the DataDot Automated Application Cell, that we have developed in conjunction with Machinery Automation and Robotics, a leading Australian robotics application company. With this new development, which is already at the pilot installation stage, we will be able to meet the cycle time demands of any vehicle manufacturer. So the next step in developing DataDotDNA – I would call it the strategic imperative for DataDotDNA – is to convert the enormous potential of the Automated Application Cell into commercial reality. That reality has the capacity to change both our business volumes and costs significantly, and that is where we are right now – developing the value proposition and business case that will convince the first vehicle manufacturer to fit DataDotDNA at the point of assembly. We can be confident of three things: the first is that securing this next step won’t be easy. It represents a significant challenge for your company’s Board and management, one that won’t be negotiated in 5 minutes or executed immediately because of the long lead times in vehicle and assembly line design. Secondly, we think that the first manufacturer to sign up for assembly line application won’t be the last. We think it’s far more likely that the manufacturer who breaks the mould will be the trend setter, for as so often happens in the vehicle industry, what begins as a novel accessory today becomes a standard vehicle fitment tomorrow. And the third is that the growth potential in the DataDotDNA market from this single development is enormous compared with our market penetration to this point. For this reason alone it ranks as the crucial next step in growing our core product.”
IS THIS THE BIG COMPANY MAKER ANNOUNCEMENT THAT WE HAVE BEEN WAITING FOR? Watching and waiting! :P DDT closed at an all time high today @ 54 cents
DDT Price at posting:
0.0¢ Sentiment: None Disclosure: Held
