GREY:CMHXF - Post by User
Post by
LongRoadon May 02, 2018 8:14pm
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Post# 27973630
Globalstar deal is bearing fruit
Globalstar deal is bearing fruithttps://carmanah.com/company/news-and-updates/news-release/carmanah-telematics-business-unit-receives-material-order
It was mentioned during the last conference call that demand has outstripped production for this new unit. It now appears to be going even stronger than planned.
Telematics business unit has received a product purchase order valued at USD$2.2 million. This order, together with a previous order in the amount of USD$1.2 million, are being disclosed because they are expected to have a material impact on the Company’s Telematics business unit.
What is interesting is that it is a simple device that can be attached to any mobile asset that does not have a power source as it uses solar power for energy for the tracking system.
The product is explained and can be seen here.
https://ca.globalstar.com/en/index.php?cid=7010&pressId=820003
https://www.globalstar.com/smartonesolar