VANCOUVER, British Columbia, Oct. 07, 2022 (GLOBE NEWSWIRE) — EYEfi Group Technologies (CSE:EGTI) (OTCPink:EGTTF), a software program and electronics engineering firm, continues to increase its revenues from Telstra Corporation, Australia’s largest wi-fi service. Sales development from Telstra, an EYEfi channel associate or reseller, is up 41% year-over-year.
A Media Snippet accompanying this announcement is accessible by clicking on the picture or hyperlink beneath:
For extra data, please view the InvestmentPitch Media video which gives extra details about this information and the corporate. The video is accessible for viewing on “InvestmentPitch.com” and on “YouTube”. If these hyperlinks usually are not enabled, please go to www.InvestmentPitch.com and enter “EYEfi” within the search field.
EYEfi has been regularly increasing the companies delivered by means of the Telstra contract over the previous 12 months, primarily regarding its finish clients, the Victorian Government Department of Transport (DoT) and VicRoads. VicRoads, a part of Department of Transport for the State of Victoria, in southeast Australia, is liable for greater than 19,000 kilometres of arterial roads from the foremost freeways and highways to the smaller roads and with a inhabitants of greater than 6.5 million, Victoria is essentially the most densely populated state in Australia.
EYEfi Cloud’s Automated Incident Management (AIM) expertise is at the moment put in throughout your complete fleet of Incident Management Vehicles (IMV’s) at VicRoads and gives improved incident administration, compliance, reporting and security of subject personnel. EYEfi continues to expertise development because of the enhance within the variety of incident administration autos from 10 to 18, and cameras from 20 to 36 all linked to the EYEfi Cloud platform and at the moment processes greater than 3000 incidents per thirty days for the division all through Victoria’s highway community.
EYEfi is at the moment in discussions with potential companions to increase this providing into different main areas world wide.
Earlier this week, EYEfi reported gross sales income development of 52%, year-to-date for the most recent 12 months from the Melbourne Water Corporation, which makes use of the corporate’s EYEfi SPARC expertise to observe bushfires. In addition to the fastened tower-based resolution being supplied to Melbourne Water, EYEfi shall be deploying the primary of the vantage level cameras this coming hearth season, providing totally new imaginative and prescient and spatial concentrating on of fireplace ignition occasions positioned in distant areas of the water catchment.
The revolutionary resolution incorporates the photo voltaic panel into the pole design and homes all EYEfi communications gear and batteries, to supply 24/7 monitoring of the environment. Any single EYEfi SPARC-enabled digital camera can decide the precise location of a hearth from a single viewpoint; considerably enhancing the security of subject personnel and saving valuable time by figuring out the fireplace’s location remotely, and in real-time.
Simon Langdon, EYEfi’s CEO, said: “We are looking forward to deploying this capability for Melbourne Water this coming fire season and providing them with entirely new capabilities and vision that will better protect their assets, personnel, and the broader community. This is an easy to install solution that is very scalable and affordable, making it a perfect fit for these vantage point sites.”
EYEfi has developed, patented and commercialized an innovative spatial technology known as SPARC, an acronym standing for spatial, predictive, approximation and radial convolution, along with an associated product suite, which turns sensors, cameras and smartphones, whether fixed, mobile, airborne or portable, into geo-target co-ordinate acquisition devices, connecting people and devices, in real-time and in ways not previously possible.
EYEfi has also developed IoT sensor hardware and associated cloud software, as a second pillar within its product offering. EYEfi Cloud is a next generation cloud platform that provides a secure and centralized environment where customers can manage their EYEfi product deployments and applications.
The shares are trading at $0.40. For more information about EYEfi’s products, please visit the company’s website www.EYEfiGroup.com, contact Simon Langdon, CEO, by email at [email protected]. For investor relations in North America, please contact Mark van der Horst at 604-760-7604 or by email at [email protected].
Disclaimer
The information in this InvestmentPitch Media Ltd video is for the viewers information only. EYEfi Group has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.
About InvestmentPitch Media
InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.
