A few pros and cons of the EV Connect Solutions Inc deal Pros
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Purchase of an existing company can be better than starting from scratch
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No debt
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Timely opportunity
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In the process of rolling out EV Charging vehicles
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Exclusive Canadian partner of EVAR (spin off of Samsung Electronics, with Samsung holding 20% equity stake in the company -- as of Nov 2018)
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Datametrex can improve on the EV Connect products with their AI and machine learning knowledge
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The all-stock transaction is incentive for the EV Connect Team to work hard to increase DM share price
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Must be reasons for the deal negotiated at $10M valuation, seems high; should mean value ahead for DM and, in turn, for shareholders
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Varied product line -- EVAR cart, autonomous robot, Rapid EV charger up to 100kW charging speed (not bad, speed is important),
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A Battery Pack(ESS) is mounted on board service vehicles. Different types of vehicles can be used within the weight limit. The “Uber” of mobile EV charging. So anyone with the right type of vehicle can invest in a battery pack, which cuts DM's overhead. Franchisable?
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Mobile EV charging is still necessary after there are enough charging stations built across the country. Reduces “range anxiety” if battery dies while on the road -- like running out of gas, but you can’t just grab a jerry can full of fuel.
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News creating slight stock-price uptick on decent volume
Cons
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No existing info on this company (not finding anything on LinkedIn, Twitter, Facebook, little info on website re team -- just names, without background or titles)
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No revenue
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No real details from Datametrex on valuation of EV Connect Solutions Inc
I’m out of time, but am sure there are many more pros and cons, if anyone wants to add to the list or correct anything I’ve gotten wrong here ;)