OTCPK:EUCTF - Post by User
Post by
lscfaon Nov 26, 2015 3:22pm
87 Views
Post# 24329064
Like the refocus on Xenemetrix
Like the refocus on XenemetrixThis division was being neglected to some degree, probably due to lack of funds. With the $16 million they are geting refocused. They mention new target market verticals of "precise" farming and heavy machinery. They also will revisit the Petro-Marine market.
Recall the wording that the ASC made EUO drop from the annual MD&A:
Revised:
Petro-Marine XRFTM is an onboard monitoring solution that facilitates regular and timely compliance of marine vessels with new and existing international regulations, and enhances the preventive maintenance process – leading to significant operational cost savings.
Original:
Petro-Marine XRFTM is an onboard monitoring solution that facilitates regular and timely compliance of marine vessels with new and existing international regulations, and enhances the preventive maintenance process – leading to significant operational cost savings. The target market for the Petro-Marine XRFTM system is merchant ships of which there are approximately 55,000 currently in service worldwide providing the Company with an available market approximating US$1.6 billion.