RE:Eurocontrol To Commercialize Precision Agricultural InitiatiGreat news!!
the Agricultural Testing Market is valued at between $2.4 and $3.0 billion annually. Eurocontrol believes that Croptimal could achieve a substantial market share due to the innovative nature of the technology coupled with the service concept.
The Company's goal is to achieve worldwide commercialization within four years
Croptimal will continue the collaboration with Netafim, an Israeli company that is the global leader in drip and micro-irrigation solutions for agriculture productivity, under the Memorandum of Understanding entered into last year to secure cooperation of prospective clients.
So, commercialisation starts in 2017 (they don't exactly state when....?) but, let's say Q2.
With their collaboration with Netafim I believe they can expand business rather quickly. Let's take the following scenario with a market of $2.4 billion annually.
5% market share in 2017 = $120.000.000 (let's say 50% for EUO = $60.000.000)
10% market share in 2018 = $240.000.000 (again, 50% = $120.000.000)
20% market share in 2019 = $480.000.000 (again, 50% = $240.000.000)
40% market share in 2020 = $960.000.000 (again, 50% = $480.000.000)
Obviously this is all hypothetical, but if everything goes well... We could be looking at a $10 stock here in the next 4 years.