Elsight (ASX:ELS) Share Price Rallies 107% Over Last Four Months, Benefitting From Cutting-edge Technology

  • November 04, 2020 11:45 AM AEDT
  • Team Kalkine
    Team Kalkine
    admin Team Kalkine
    16957 Posts

    Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

Elsight (ASX:ELS) Share Price Rallies 107% Over Last Four Months, Benefitting From Cutting-edge Technology

Summary

  • Elsight Limited has witnessed a significant uptick in its share price and has delivered 107% returns to its shareholders over the past four months.
  • ELS’ revolutionary product, Halo, has helped the Company gain international orders.
  • ELS’ Halo has wide-ranging applications and can be integrated into other devices to offer enhanced services.
  • Product enhancement activities have helped improve ELS’ standing in the industry and deliver value to shareholders.

Today, technology is defining fresh ways for enhancing secure, real-time, adaptive data connectivity and transmission solutions and these innovative solutions play a pivotal role in the modern-day environment of 24/7 connectivity.

Given the recent changes, these technology-driven solution providers have gained significant uptick in their share price as well as in the overall business. The share price of cutting-edge hybrid video and data transport services provider, Elsight Limited (ASX:ELS), has rallied 107% over the last four months till 3 November 2020.

Did you read: Casting an eye over the breakthrough Connectivity Platform of Elsight – Halo

Moreover, the stock has delivered similar returns to its shareholders over the last year.

What is driving this uptick in ELS’s share price?

ELS meets the augmented data connectivity requirements through its highly equipped and cutting-edge, unique bonding technology coupled with its breakthrough connectivity platform- Halo. This unique offering has helped ELS gain international attention from industry players as well as government bodies.

Interesting read: Elsight’s connectivity platform is bridging the digital divide

Ever since its launch in February 2019 at the MWC19 Barcelona, ELS has received material orders from domestic as well as global companies for Halo due to its high functionality. Being packed with globally leading, compact, next-generation bonding technology, Halo allows real-time connectivity on the go, anytime and anywhere.

Further, latest advanced bonding and compact ultralight slim form of Halo enhances its utility as it can be easily installed into other product. Halo is a promising product that is anticipated to revolutionise the communication process because of its high usability. Halo can be seamlessly integrated into any platform or device whether mobile or stationary and facilitates critical communications such as drones, fleet, robots, healthcare & EMS devices, e-learning, handheld devices, tactical communication units and much more.

Interesting: Elsight Declares Major Progress Across Portfolio | ASX Market Update

Recent Order Proves Halo’s Applicability

Over the recent period, ELS has received orders totalling significant value, and these numbers only keep growing.  

ELS recently completed the order worth approximately USD 300,000 for Alrena which will use Halo, providing the functionality for highly secure and available communications needed by its Medibag. Medibag is a solution for remote and emergency medical use and Halo being a smaller and lightweight product is suitable for Medibag.

Further, ELS received a repeat order of US$133,000 from one of the largest companies for the transportation of secured cash and valuables worldwide. The vendor shall employ Elsight’s leading transportation solution in each of its armoured vehicles.

Detailed discussion at: Elsight (ELS) Bags US$133,000 Repeat Order from Leading Cash-In-Transit and Security Company

Importantly, the installation of Elsight’s solution with the vendor’s vehicles shall offer improved security for transferring cash as well as other valuable goods. This order is only from a single country out of the many, where the vendor currently operates. Successful completion of this order and the effectiveness of the final product leaves enough space for ELS to receive further significant orders.

ELS’s Efforts in Developing a Competent Offering

ELS has been committed to improving the performance of Halo and adding needed capabilities through extensive development effort while preparing it for various markets.

Despite the challenging environment prompted by COVID-19, ELS managed to complete over 15 extensive POCs and over 4,000 flight hours on various platforms across distinct geographies, including the USA, Singapore, and others.

Did you read: A Walk-Through Elsight’s Performance during the First Half of FY20

ELS is suitably positioned to transform these efforts into a fresh, more mature level of commercial success with corresponding deal values. To tailor the product better and reduce inefficacies, ELS has received substantial feedback for Halo from chosen trusted customers who have used and tested Halo intensively.

On the global front, ELS has lately received CE certification for Halo. Also, it has formally declared that Halo meets the EU standards related to health, safety, as well as environmental protection. Subsequently, ELS is now authorised to deploy Halo at scale across the European Economic Area (EEA).

Presently, ELS is focusing on the commercial roll-out of Halo with a key focus on drones and robotics and rural applications across different countries.

Did you read; Scan through Elsight’s Remarkable June Quarter Performance

All in all, the Company stands on much more solid ground after investing substantial time and effort into strengthening the technological advantage and quality for enhancing the product.

ELS traded at A$0.645 on 3 November 2020 at 10:45 AM AEST, with a market capitalisation of A$66.35 million.

 

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK