EYEFI Secures First Order from FUJITSU and Further Orders from The Department of Transport

TORONTO, ON / ACCESSWIRE / March 16, 2021 / EYEFI Group Technologies Inc. (CSE:EGTI) is pleased to provide a sales activity update.

EYEfi has received an order for its Cloud and Smart Drain solution, for Transurban Group (ASX:TCL); a $34B market-cap urban toll road network operator in Australia and the United States of America. The order was placed by EYEfi's channel partner, Fujitsu, as part of Transurban's initial phase 1 rollout in Australia's third largest state, Queensland, for managing storm water pits to mitigate against floods. EYEfi expects to receive further orders from Fujitsu as Transurban expands the rollout in Queensland and other states in Australia to take advantage of lower maintenance costs.

EYEfi's CEO, Simon Langdon, said "We are delighted to have secured our first order from Fujitsu. We expect this to be one of many orders, as our products solve complex problems for large corporations requiring management of millions of physical industrial assets and infrastructure dispersed across the vast Australian landmass. The IIOT market is very large, and we have established products, signed channel partners and excellent relationships with our customers - placing EYEfi in an ideal position to take advantage of this."

EYEfi is also pleased to announce it has received additional orders from the Department of Transport to add several more vehicles to EYEfi Cloud and EYEfi Automated Incident Management system to capture live video, GPS tracking for incident management.

EYEfi receives a fixed fee per hardware device and ongoing monthly SaaS revenue on each device sold. Channel partners Fujitsu and Telstra are working with EYEfi on a growing sales pipeline with a number of customer proposals expected to advance to signed orders.

About EYEfi in detail:

EYEfi is connecting the world's people and devices with the world around them, in real-time and in ways not previously possible.

EYEfi is a software and electronics engineering company that has developed, patented and commercialized an innovative spatial technology; spatial, predictive, approximation and radial convolution (SPARC) and an associated product suite, that turns sensors, cameras and smartphones (fixed, mobile, airborne, portable or handheld) into geo-target co-ordinate acquisition devices.

EYEfi has also developed IIoT sensor hardware and associated cloud software, as a second pillar within its product offering. EYEfi Cloud is a next generation cloud platform that provides a secure and centralized environment where customers can manage their EYEfi product deployments and applications.

On behalf of the board of directors of

EYEFI GROUP TECHNOLOGIES INC.
"Simon Langdon"
Simon Langdon, CEO

For more information contact:

Simon Langdon
Chief Executive Officer
EYEfi Group Technologies Inc.

Mark van der Horst
Investor Relations

EYEfi Group Technologies Inc.
Telephone: +1 (604) 760 7604
Email: mark@galecapital.com

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SOURCE: EYEfi Group Technologies Inc.