Why the SmartOne Solar is a huge home run for CMHDespite today's minor share drop, this product will have a huge impact on CMH's financial performance.
From Globalstar's conference call of May 10th;
Last month, we released our new SmartOne Solar product, which is used for remote asset tracking where changing batteries is either impossible or not economical. I’m very pleased with the markets’ initial reception.
We have partnered with a major wireless carrier and GLOBECOM on this product, and we are currently delivering 10,000 units, with the potential to deliver many thousands more for one of the world’s largest oil and gas firms. This deal shows how useful our MSS products and services are for a variety of the evolving IoT applications.
https://seekingalpha.com/article/4173098-globalstars-gsat-ceo-jay-monroe-q1-2018-results-earnings-call-transcript?part=single
In relation to this product Carmanah announced that they had received an initial order of $1.2 million in March (Q4 2017 conference call) and advised 6 weeks later that they received an additional order of $2.2 million.
At an initial annual run rate of $24 million, this product alone could add US $.40 per share to earnings.
I know it seems an exaggeration, but given the multitude of applications and Globalstar's distribution network, the potential for even higher sales is incredible.