Elsight Limited Expands Partnership with IAI with Material Purchase Order

  • Jan 13, 2020 AEDT
  • Team Kalkine

Elsight Limited (ASX: ELS) has announced a Partnership with Israel Aerospace Industries (IAI) with Material Purchase Order for 50 Halo units following a large-scale Proof-of-Concept (POC) field trial.

The first order came after a POC trial which focused on the integration of Halo into IAI subsidiary and group ELTA (IAI/ELTA)’s robotic and autonomous systems and unmanned vehicles.

This extended trial of Halo was required as it had already been selected as the leading component of the IAI communications solution for their robotics division.

The company’s CEO commented:

At AEDT (1:52 PM), the stock was trading at $0.410, up by 2.5 per cent from the previous close.

 

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