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Jemtec Inc V.JTC

Jemtec Inc. is a Canada-based full-service provider of global positioning systems (GPS) and electronic monitoring solutions across Canadian communities. The Company’s core business is the provision of services and technologies for offender monitoring with Canadian federal and provincial correctional departments. The Company's services include global positioning systems, electronic monitoring, alcohol detection and voice verification technologies as they relate to location verification of offenders and individuals under restrictions in the community. It also provides private monitoring solutions for criminal pre-trial and immigration release plans. It has customized solutions ranging from Canada’s government agencies monitoring hundreds of supervised offenders as well as Bail and Immigration Release plans. On a private monitoring basis, it also offers different technologies depending on the release plan being proposed to the Immigration Review Board by Counsel.


TSXV:JTC - Post by User

Comment by benzobenzoon Dec 21, 2021 4:55pm
118 Views
Post# 34252329

RE:RE:RE:RE:Boring and profitable

RE:RE:RE:RE:Boring and profitableI'm not sure who won the Ontario gov't contract.  However when it was not renewed Jemtec for years lost money.  It was selling for less than NCAV.  Now the business metrics look great as the new Ontario contract has come into effect.  The latest contract was to expire in March 2021 w/ 2, 1yr annual renewal options.  Recently, Solgen, in Sept '21, has put out an RFB for gps technology to replace the current program where JTC has the contract.  THere is no timeline but if Jemtec does not win this bid, it would be a hit to the business going forward.  Thanks.

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