Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I agree weathergeek. It’s more positive signs that this is going in the right direction.
You don't buy 8% of a company in a few days unless you know something. They are getting a steal! Fair play Mr & Mrs Higgs..
for this kind of app the UI and UX would have been part of the first spirt, and with dev teams nowadays this would have taken a few days at most to look at what's out there and come up with a good starting format.
its only continuously "gamified" social media and ad revenue-generating apps that require constant revision and end-user focus to make the UI look good as part of the user experience. as those kinds of apps aim to get their users glued to the screen. this is very basic app development stuff.
Utility apps aim for a more streamlined and resource-light approach. you want it to be as simple as possible as you expect the whole population to use, and people do not want fancy pop-ups and flash screens, they just want to log on and use when required.
A GUI for an app that is being used by the general public is not a small detail. Its a massive part of the apps user experience. The user needs to like the GUI or they will stop using the app.
I'd hate to be working with you on rolling out an app isf that's what your experience has taught you.
The fire door contract for 50k was signed in Jan 2019. 1.5 years ago. If they were going to make extra revenue off it, it would have happened by now. Yes. There is £3m or whatever potential. At what point of a product life cycle do you have to admit you're not going to hit that potential?
in terms of sales, if you look at the last RNS it was basically hold up with the GUI. "the graphic design refinements to the Cov-ID app have now been completed"
From my years of working with companies in app rollout, this is such a small detail on a product like this, meaning they would have more than likely been in deep discussions with a number of people and shown the app externally to get buy-in and would have made tweaks to onboard clients.
The great news is that they are already in the sales cycle, and looking at the way things are moving fast to get businesses back on their feet (companies are opening their wallets on PPE etc...), one could assume that sales announcements could be very very soon, Guy is clear in the RNS:
Guy Meyer, Interim Chief Executive Officer of Catenae, said: "I am particularly pleased to announce that the Cov-ID app is now market ready, well ahead of schedule. We are receiving enquiries about the app and are in discussions about local and international sales opportunities. The Company looks forward to informing the market of further developments."
Strongly recommend the above post!
I admit, I only invested here because of the COV-ID application and have questioned the revenue factor a couple of times. Especially during the 1.5p days. But having watched the above video (not sure how I missed previously, but thank you @Weatheegeek for providing), I feel a lot more confident in my investment. Not just in the COV-ID App, but also in the whole blockchain technology that this company is able to provide
You only have to google blockchain to realise what potential and growth it has. Globally It’s expected growth is 67% Per Year! Over the next 5 years! That is a substantial amount
(https://www.marketsandmarkets.com/Market-Reports/blockchain-technology-market-90100890.html)
Going back to revenue, even if CTEA charged a reduced transaction fee of say 5p compared to the 50p as mentioned With the global interest this company has, this would produce 10’s of millions of revenue easily! And that’s just from the COV-ID App, let alone the other applications that have been realised this week.
Safe to say, I am very much looking forward to next week and more news!
(This is non cov-ID business)
Taken from https://catenaeinnovation.com/news/catenae-present-at-the-investor-forum/
How do we make money? Watch link below.
https://youtu.be/Fxw7-AYvgFw?t=833
Case in point.. One product "Fire doors"
3 & 7 Million a year fitted..
£50K Licensing Fee to install system and app.
Transactional fee of 50p per door test.
Tested twice a year..
60% Fail
So potential for £3m PA in revenue.
Only one product with regs.
Plenty more, Lifts, fire protection equip, asbestos, Landlord reports etc.
Reason for customers to take it up... Risk mitigation
Grenfell Towers contractors can't prove they did the work. If they had and were using "On Site" there would be no liabilities for them.
DYOR people and ignore the Bashers.
GLA