Strategy
Through its strategic acquisitions, Aluf plans to expand in the commercial sector capturing massive market share in three initial core verticals of cyber security and biometrics before targeting additional opportunities in markets and regions around the world. We are also targeting acquisition opportunities that cater to government and the Department of Defense (DOD).
Aluf aims to expand its state and local government businesses by 1) leveraging its proven technology and 2) by growing its relationship with its partners. In doing so, management believes Aluf will become the technology leader in the space by offering flexible solutions based on multi-factor authentication (MFA) with a focus on biometrics modalities. Organizations are slow to evolve due to the complexity of their own state of infrastructure; our solution will be modular and adaptive to all channels as there is no such thing as one size fits all. The solution will be built to cater to verticals where organizations feel the pain the most, or are being driven by legislation such as banking, healthcare, and telecommunications.
Aluf intends to address each vertical one by one and customize it to fit into the vertical market. Wherever a technology is not core, Aluf will partner in to create a compelling solution. Alufs methodology is, its not about technology, but about business cases and providing customers with valuable solutions.
Financials
Aluf has taken great care in eliminating debt from the balance sheet with minimal impact to shareholders and in 2021 we successfully settled the remaining convertible debt with one fixed share conversion, eliminating the potential for excessive dilution significantly. While most OTC companies fall prey to toxic noteholders, our debt partners made the decision to take part in our future growth.
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