- Scout’s partners with Hyperion for a cellular-camera solution
- Alexium targets body armour market for its thermal tech
- Sensen to provide AI curbside system to Chicago Parking Meters
The home security surveillance provider was up 21.21% today in early morning trade.
Scout has just signed a partnership agreement with Hyperion Partners LLC – a master agent for T-Mobile and other major carriers in the USA – to develop a cellular-connected camera solution.
The partnership will run for an initial term of one year, auto-renewing, and will see Hyperion work to accelerate the placement of Scout’s app-based DIY security products to their 2,000+ strong telco channel partner network.
“The cellular-connected camera is an example of product evolution, identified in consultation with telco partners as they see an opportunity to solve a problem for SMEs and move more data over their networks, while we develop a product suite that isn’t reliant on a central hub, but is still able to earn us recurring revenue,” CEO Dan Roberts said.
Up 11.9% was Alexium, who announced the commercial launch of Eclipsys-based products by Premier Body Armor – a US-based manufacturer of body armour systems.
It marks the first commercial body armour product using the company’s Eclipsys thermal management technology.
The company has enjoyed success with its thermal management and cooling products in the US bedding market in recent years but is now focused on expanding these products into adjacent markets – like body armour.
The company says the total addressable US body armour market is +US$25 million, with its technology alleviating the thermal stress of the wearer by moving heat away from the wearer at twice the rate of a standard vest.
Plus, it can be integrated into products with minimal design changes and negligible addition weight burden.
The sensor AI solution provider was up 4.76% today.
The company has entered into a contract with Chicago Parking Meters (CPM) to assist them to digitise the curb space they manage in and around the City of Chicago using its patent pending sensor AI solutions.
The contract from these vehicles mounted sensor AI systems, software and services are expected to exceed US$1 million in FY22.
The multi-year contract is expected to generate additional revenues once the current systems are fully operationalised, with the company saying the curbside management market is estimated to be worth more than US$4 billion.
The company was down 7.5% off the back of news its buying the remaining 75% of Transaction Solutions International (India) from its joint venture partner CX Partners.
The company has held an interest in the leading fintech and ATM managed services provider since 2005, and expects the acquisition to add strong revenue and free cash flow and increased exposure to the growing Indian payments market.
The share sale and purchase agreement for the company’s acquisition to be funded by an upfront cash payment of AUD $4.1 million which Vortiv will fund through a fully underwritten entitlement offer.
VOR chairman Nicholas Smedley said that increasing shareholder value through EPS accretive acquisitions is an important priority for the company.
“We believe that TSI acquisition delivers on that priority,” he said.
“This is the first of many acquisitions we expect to undertake to fulfil our business vision.”