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I only put the x2 together after Gerards post Preyz...........!
so agreed, a laymans terms RNS would be welcome, but we have Gerard to clear up the facts, and the Nomad would have signed off on the RNS...........!
Why they make it complicated........ I don't know............!
All the best (could be to invite sophisticated investors rather than the day trader types................ ?............... who knows......... :)
Hey Chesh...
yes, i read the RNS after, but first saw it on investing.com article
The pro - active article doesnt mention the renewal, you can assume how how they interpreted it and other investors may read it too
its great news and reading the Rns i have added more, but it was a just a case of it not being totally clear that its a $500k 6 month contract extending to 3 years which could be circa $3m
" and an annual renewal thereafter." is clearly in the RNS..........!
but, "$500,000 of equipment, consumables and services from ecowaterOS partners", obvs the equipment (hardware) is non reoccurring rev, the consumables and services I assume will be...........!
All the best (to what value......? and don't forget, 1st of 1000's as stated in my edited title.......................... :()
it was an article by Pro - Active
i read it the same... (via investing.com)
Integumen PLC (LON:SKIN) has signed a Memorandum of Understanding with the WaterRising Institute to supply equipment to detect pathogens including COVID-19 in the Great Lakes region in Michigan. The WaterRising Institute is a not-for-profit organisation that aims to provide real-time alerts to identify sources of water pollution. Integumen will act as WaterRising's agent to design, build, install and supervise the Detroit River AI Water Quality Project (DRAWQ).
An MOU has been signed for a three-year framework agreement to supply US$500,000 of equipment, consumables and services and manage the real-time monitoring of water quality using its AI-based monitoring systems.
RNS - not too clear about revenue with water rising. Sorry.
I believed it to be a total of 500k for contract. Only when pointed out by GB that it could be deciphered to a 6 month payment. Would it not have been clearer to say 500K paid every 6 months over duration of 3 year contract which equates to 3m?
Did you miss out SARS-CoV-2 Gerard............?
or is it a trap that I've fell into...............! :()
All the best (either way, I got the spelling of SARS-CoV-2 from the RNS, so I didn't look stupid....................... :()
@MrB
Your list reminded me of Ronnie Barker rattling off the ice cream flavours in that famous sketch! :)
All power to you, sir.
https://youtu.be/LvZhiCemdZc
@Mr B.
Yup the possibilities for this tech are endless and the difference made to the real world and revenue streams to be gained are both mind boggling.
Knowing that this was all in you and your team's mind pre-covid is something that caused me to invest large here and I do have great faith in the longevity (if you get a chance before being bought out!).
The big question is always what to push and where, and that's what we are relying on your judgement to pick or get pulled to. My mind keeps going back to the roll out of the biggest tech move of our time, mobile comms. It came in small concentrated pockets rather than instant blanket coverage.
@Argyle these things take time. We have been talking for months on this. Resources are focused on what they have been which is sectors that have high demand and deep pockets, which include the Cruise, Airline, factories of multi-national corporations, EAST, WEST and EU. All require an end-to-end solution, not bits and pieces. They need a way to open their industries and around the Great Lakes are such large corporations. This is the largest source of Fresh Water in the Western Hemisphere 7 Provinces, 35 million People who rely on the lakes for drinking, jobs and their way of life.
Targets viruses include rotavirus
adenovirus
coxsackievirus
echovirus
calicivirus
norovirus
Hepatitis A and E
Target Bacteria include
Escherichia coli (e.coli)
Salmonellaspp.
Shigella spp.
Aeromonas hydrophila
Campylobacter jejuni
Helicobacter
Mycobacteria
Legionella
Target Protozoa (parasites) include
Cryptosporidium parvum
Giardia lamblia
The diseases they cause outside of anything to do with COVID19 are diarrhea, respiratory illness, liver damage, kidney failure, heart disease, cancer, nervous system disorders, birth defects even death.
"@Argyle... work in progress"
IMHO a far better area to concentrate initial resources on and dominate.
The chicken/egg scenario of the BT and the scanners may work well for command/control situations (ie cruise ships, singapore etc) but I'd hesitate see to it romp home ahead of the opposition in the western hemisphere.
......... you so far behind the curve that you can't even troll properly..........!
unless you've gone extreme trolling, you've forgotten about the consolidation.......... :()
All the best (10 for entertainment value, but only a 4 for trolling I'm afraid . :()
@Argyle... work in progress
IMO. On a positive there is good support around 2p.
Some chairmen would be jumping up and down about this if not appearing on Bloomberg.
That's not the way we work at Deep Verge. Low key management of expectations is what we get.
Over achieving but keeping expectations low.
Let's be honest for half a mo. This is a BIG step forward. A bit of a coup. OK it's only a half a mil of equipment plus a 3 year management agreement. But it's an agreement to management just about the highest profile water in North America. I'm very sure that the objective is to do a decent job on the Great Lakes and sell into other States. This isn't only a contract it's an opportunity.
I think the guys at Deep Verge could allow themselves a wee dram.
Announcements like this might even turn the share price blue.
Happy to be corrected Mr B, now that is a bit more 'material' and makes a bit more sense. It also could of been worded slightly better as I'm not the only one to read it that way ;-)
When are we going to see a prototype unit testing on a cruise ship then good Sir? MicrotoxFX or something new?
Simpleh loveleh response from Big G.
Keep up the good work. Progressing nicely.
@Argyle, third paragraph down. "The appointment to manage the water systems will continue for three years, with an initial trial period of six months, and an annual renewal thereafter"
@Argyle that is $500,000 over 6 months. Sorry to correct you but I would ask you yo be careful speculating.
Paulcon, yeah from the unveiling I've only voted with my feet I'm afraid, there were too many things that were pointing at development attention being distracted from their 'heritage' subject of wastewater into the BT. Fine if you've got the wastewater nailed, but they haven't yet.
Pilgrim, happy to listen if you can offer some nuance, but I sadly think that you're unnecessarily defensive about this stock.
Yup it's got major possibilities, just like the tech at Modern Water before, but they've got to concentrate on selling that tech into their 'heritage' area of operation, the wastewater field.
And before you say that I'm criticising exactly that by being disappointed with the RNS re Water rising, read back through their tweets and you'll see that Water Rising and SKIN have already discussed publicly about working together. A £400k contract over 3 years for a company growing as fast as SKIN is not 'material' and including reference to a sensor which has only been tested on the 'spike' and needs a at least couple of months AI refinement on the full virus smacks of showing signs of desperation which concerns me more than no RNS at all.
Anyway, look at the market reaction. Nothing of substance, like the contents of the RNS.
Give me a an adapted microtox machine fitted onto a cruise ship please.
Debate then Argylerich...why is signing an agreement with Water rising going against their core competence? Or do you think they should just concentrate on labskin? I'm all for reasoned debate when it makes sense..If indeed you do think water monitoring is a core competence, the great lakes produces fresh water for 30 Million people..and you come on the BB saying a new partnership with a company that specialises in that area is slightly disappointing...for a first partner? Fire away with your reasoned debate..
Paulcon, thanks for the vote but the pointless up/down polemics that generally exist in these BBs (advfn is even worse with really bitter posters) is why I don't tend to post as much when threads get more 'excited'.
I much prefer nuanced conversation about shares because even CEOs don't get things right all the time and teams can get a tad carried away in their enclosed bubbles and we should be able to point that out without being told to f off or accused of being short.
This company has a real chance to make a global difference but I am genuinely afraid that they are going against their own advice earlier in the year and chasing a rainbow rather than concentrating on their core competence and achieving a genuinely dominant company and a financial rainbow to boot!
ps I have recommended Pilgrim's post because I like what he said.
paulcon62, I am offended by that comment but then who really cares. I like to think I have been nothing but positive here, in fact I know I have. Each to their own or are you looking for a date with our Debs perhaps?
New to this share. When will the merge be complete?