TSXV:RHT.H - Post by User
Comment by
eljoroon May 28, 2018 8:19am
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Post# 28087432
RE:NEWS: Reliq orders 27,500 monitoring devices
RE:NEWS: Reliq orders 27,500 monitoring devicesI also want to note something management told me when I contacted them recently:
Clients in texas (current and new potential) have seen success with the ForaCare unit. Although RHT technology is device agnostic, clients in Texas want the ForCare unit because that's what they know. Hence the bottleneck, which temporarily stoppered onboarding and hence this purchase order, which will re-open the onbaording tap with a flourish. Reliq basically removes all uncertainty for them and their Texas clients equioment-wise by providing the desired hardware to be used with their own software. Bonus revenue!
But the Reliq sales team is has eyes well beyond Texas...regions where different devices will likely be used. I interpret the 27,500 hardware unit order as mostly for Texas only, and the blue sky potential of addition orders from other regions remains intact and, IMO, likely.