The deal is bigger than $6.9Mil
1. Netsurion anticipate to purchase $6.9M of product over 3 years
https://www.asx.com.au/asxpdf/20180206/pdf/43rcbbqnnz6m1k.pdf
2. The parties are negotiating for CIO to provide managed solutions (SaaS) to Netsurion
3. Netsurion recently purchased another 1,000 units ER2800 product worth $349K
https://www.asx.com.au/asxpdf/20180313/pdf/43scy4k7c8fcgj.pdf
The benefit in negotiating the managed solutions agreement is that revenue will be recurring. The margins on it are also bigger as no COGS to consider.
"In a relatively short time, Connected IO has amassed a high-profile list of blue-chip clients including US telcos AT&T and Verizon, Mach Networks, US electronics giant Arrow, Coca-Cola, LG and The Red Cross."
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- Netsurion deal worth more than $6.9M!
Netsurion deal worth more than $6.9M!
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