Roadshow, page-29

Nice to see a few new faces today. I also attended and can add some notes:

- ELS believe they are 3 years ahead of any competition. The two competitors they noted are Motorola and Lifeview in Isreal, both of these companies they have beaten in tenders - the key reason being the latency. ELS tech is in real time (less than 0.5s lag) vs competitors who take up to a minute plus to transmit their video.
- They could patent the tech, but this would be giving away the know how. Larger companies could change the patent by whatever required - the focus is speed to market and staying well in front.
- Top 10 holders hold 70% of stock and they see it much higher from here. It wouldn't surprise me seeing this at $3+ this time next year with the miniaturisation complete.
- I spend some time with Nir at lunch and asked him around how will you fund the chip miniaturisation, he said we might be able to pull it off with our existing revenue coming in by that time but would prefer partnering with a major chip manufacturer.
- Nir Gabay believes each vertical can be a billion dollar business. The drones, broadcasting and logistics are all incredibly large markets. They are trying to drink out of a fire hydrant.
- They are in discussions with many different players, also under various NDAs with their security customers.

All in all I believe this is company is just getting started and the real traction will begin next year in many different markets.