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Jemtec Inc V.JTC

JEMTEC Inc. is a Canada-based provider of integrated technology systems for community-based corrections. The Company's business is the provision of services and technology for offender monitoring in Canadian federal and provincial correctional departments. Its solutions include government agencies, and bail & immigration monitoring. The Company's offender location detection/verification technologies include offender reporting via telephone contact, offender reporting kiosks with integrated database, GPS active and passive tracking, voice verification, electronic monitoring house arrest systems, remote alcohol in-home monitoring and private monitoring services. It offers the Canada Border Security Agency with electronic monitoring solutions, which allow Federal Immigration Officers to supervise strict conditions for released persons while reducing their contact with other custodial populations. It offers different technologies depending on the release plan being proposed by counsel.


TSXV:JTC - Post by User

Comment by benzobenzoon Dec 21, 2021 4:55pm
131 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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