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A video from InvestmentPitch Media explains the EYEfi Group’s technology and the company’s report of over 40% of sales from Australia’s two largest customers.Canadian Business Journal

VANCOUVER, British Columbia, Oct. 7, 2022 (GLOBE NEWSWIRE) — EYEfi Group Technologies (CSE:EGTI) (OTCPink:EGTTF), a software and electronics engineering company, has announced that it has acquired a We continue to grow our earnings. EYEfi channel partner or reseller Telstra’s sales increased 41% year-over-year.

Media snippets accompanying this announcement are available by clicking the image or link below.

For more information, watch the InvestmentPitch Media video that provides additional information about this news and the company. You can watch the video at “”.Investment Pitch.com“When”Youtube”. If these links are not enabled, please visit the following URLs: www.InvestmentPitch.com Type “EYEfi” in the search box.

EYEfi has continuously expanded the services offered through its Telstra contract over the past 12 months, primarily in relation to its end customers, Department of Transport Victoria (DoT) and VicRoads. VicRoads, part of the Victoria Transport Authority in South East Australia, serves more than 19,000 kilometers of highways, from major highways and highways to minor roads, serving a population of over 6.5 million. . Australia’s most densely populated state.

EYEfi Cloud’s Automated Incident Management (AIM) technology is now installed on all of VicRoads’ Incident Management Vehicles (IMVs), improving incident management, compliance, reporting and safety of field personnel. EYEfi continues to grow as the number of incident management vehicles increases from 10 to 18 and cameras from 20 to 36. They are all connected to the EYEfi cloud platform and currently handle over 3000 incidents per month across Victoria’s road network. .

EYEfi is currently in talks with future partners to expand this service to other key regions around the world.

Earlier this week, EYEfi reported year-to-date revenue growth of 52% over the past 12 months from Melbourne Water Corporation, which uses the company’s EYEfi SPARC technology to monitor wildfires. In addition to the fixed tower-based solution provided to Melbourne Water, EYEfi will deploy the first perspective cameras this upcoming fire season, providing a completely new vision and spatial targeting of fire ignition events in remote areas of watersheds. provide. .

This innovative solution incorporates solar panels into the pillar design and houses all EYEfi communication equipment and batteries for 24/7 monitoring of the surroundings. A single EYEfi SPARC-enabled camera can pinpoint the exact location of a fire from a single vantage point. Remotely locating fires in real-time greatly improves the safety of field personnel and saves valuable time.

EYEfi CEO Simon Langdon said:We look forward to deploying this capability to Melbourne Waters over the upcoming fire season, providing an all-new capability and vision to better protect property, personnel and the wider community. It’s a highly scalable, affordable, easy-to-install solution that’s perfect for those vantage points.

EYEfi connects to geo-targeted coordinate acquisition devices, fixed, mobile, airborne or portable, connecting people and devices in real-time in ways never before possible.

EYEfi has also developed IoT sensor hardware and associated cloud software as a second pillar of its product offering. EYEfi Cloud is a next-generation cloud platform that provides a secure and centralized environment where a customer can manage his EYEfi product deployments and applications.

The stock is trading at $0.40. For more information on EYEfi’s products, please visit the company’s website. www.EYEfiGroup.comemail Simon Langdon, CEO. [email protected]For North American investor information, please contact Mark van der Horst at 604-760-7604 or email. [email protected].

Disclaimer

The information in this InvestmentPitch Media Ltd video is for viewer information. EYEfi Group paid him no more than $2,000 in cash to produce the current news release in video format. Company information is based on publicly available information. Information provided by InvestmentPitch Media Ltd. through its media services is not to be construed as a recommendation, offer or offer to buy or sell securities and is provided solely as an information media service. InvestmentPitch Media Ltd makes no warranties or obligations as to the accuracy or completeness of this information. All due diligence must be done by the viewer or their financial advisor. Investing in securities is speculative and involves risk.

About Investment Pitch Media

Investment Pitch Media harnesses the power of video, combined with its wide distribution, to put your company’s story ahead of thousands seeking recognition and funding from the financial industry. The company specializes in producing short videos based on important news releases, research reports and other content of interest to investors.


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A video from InvestmentPitch Media explains the EYEfi Group’s technology and the company’s report of over 40% of sales from Australia’s two largest customers.Canadian Business Journal

Source link A video from InvestmentPitch Media explains the EYEfi Group’s technology and the company’s report of over 40% of sales from Australia’s two largest customers.Canadian Business Journal

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