| 11:31 AM EDT, 10/23/2017 (MT Newswires) -- Route1 Inc. (ROI.V), in secure data protection technologies and user authentication for government and enterprise, today provided an update on its operations and business development activity. Route1 reports it experienced robust growth in the number of MobiKEY users in the third quarter of 2017 with the increase coming from both new and existing U.S. Department of Defense and Civilian accounts. MobiKEY paid, active users grew by 612. Average annualized revenue per subscriber for the quarter was CAD$393. Route1 also received the renewal for 1,000 MobiKEY users from U.S. Fish and Wildlife Service, a bureau in the U.S. Department of the Interior. During the third quarter, the Company received an Authority to Connect to the network of the U.S. Army and Route1 received its first order from that service branch of the Armed Forces. In addition, ROI received an order for 2,000 MobiKEY Fusion3 devices during the quarter from the Joint Service Provider (JSP), which recently transitioned to become part of the Defense Information Systems Agency (DISA). A total of 1,000 MobiKEY Fusion3 devices were shipped during the quarter and the balance is expected to be shipped during the fourth quarter of 2017. Route1 continues to receive MobiKEY subscription growth from the U.S. Department of the Navy. From mid-September through the balance of 2017, Route1 has attended and will attend in excess of 10 conferences and technology days focusing on various U.S. Department of Defense accounts including the Navy, Army, Marine Corps and Air Force. In addition, the Company had the opportunity to present MobiKEY to a group of CIOs from several California-based health plans. This group represents a new opportunity to expand the MobiKEY technology usage into the civilian healthcare vertical. Route1 expects to increase the number of MobiKEY subscribers in the fourth quarter of 2017 beyond the number of new subscribers realized in the third quarter of 2017; largely being driven by initiatives with various U.S. Department of Defense accounts and pilots that have been ongoing for the past several months. The company expects to increase MobiKEY subscribers further by being in a position to capitalize on the above-noted Marine Corps and Army approvals. |