BIG news this for #ROAD24 Jan 2025 17:07
Great update and solid progress...
Cracking margins ar ยฃ45+ per unit. ยฃ10m of earnings would be huge and not out of question in the next few months.
22 January 2025 - Key CSS Update
Cambridge Sleep Sciences continues to make significant progress in the licensing and distribution of its SleepEngineTM technology, particularly in the global bedding market. Key highlights include:
โข CSS remains on track to comfortably exceed its target to secure contractual commitments for 25,000 smart pillows by 31 March 2025, with a current outturn forecast of 75,000 units for the quarter
โข In October 2024 a permanent showroom was opened at the Internationally renowned Highpoint FurnitureMarketinNorthCarolinatoshowcasetheCSSbeddingopportunities. Theyenjoyeda very successful show with multiple licensing and distribution opportunities within bedding emerging in the North American market. Following the show and the launch of the Mammoth SmartPillow, CSS secured initial orders from customers in its three core markets
โข The opening of a second US showroom in Las Vegas during January 2025 as part of the Winter Market. Their technology and products which feature it, including the Mammoth SmartPillow, will be showcased to global buyers and manufacturers with the aim of progressing existing sales opportunities and attracting new prospects. This follows the successful launch in October โ24 of its first location in High Point, North Carolina, home of the worldโs largest furnishings market
โข Distribution agreement and order for the SmartPillow to supply the UK market has been signed with BodyEase Limited. A distribution agreement to supply the GCC region has been signed with Oneiro Foam Industries LLC. Further negotiations for distribution and manufacturing agreements with a range of leading businesses in the US, Europe and other key territories are currently at an advanced stage
โข An agreement for a licenced European manufacturing base is currently being finalised โ this facility will support production of the SmartPillow
โข Discussions are in progress to agree the licenced manufacture of a smart mattress product in Europe
โข E-sports athletes sleep study involving the SmartPillow continues with pre-intervention data captured and use of the pillow by athletes for a three month period due to start in early February. The study is a collaboration between CSS, Achieveminds (global e-sports coaching agency) and Ultrahuman (global health monitoring platform and products provider)
The results of a second trial for the SleepHub device, featuring the SleepEngine technology, will be presented for the first time in London at the 37th World Conference on Neurology, taking place on 3rd and 4th February. This follows the results of the first trial, which evidenced significant improvement in sleep and provided the basis upon which the technology was launched to the market.
Sign In
Follow the stocks
