RE: Good update1 Jun 2020 13:05
Just bought more. Simon Thompson reporting for IC recommends recovery buy.
Mission’s technology focus is set to pay dividends in a major way. That’s because the group’s Fuse technology incubator has developed a Pathfindr tracking product that provides customers with real-time insights into their assets and processes. Prior to the Covid-19 outbreak, it had already been sold to some of the most well-known names in global aerospace and manufacturing, including Rolls Royce. It is even more valuable technology now.
That’s because Pathfindr has developed a new product, The Safe Distancing Assistant, to help people maintain safe personal distancing and to keep businesses open. By using cutting-edge ultra-wideband technology, the device provides 360-degree field of detection and is more reliable and accurate than other technologies such as Bluetooth. It can be worn around the neck or clip attached to a pocket, belt or other item of clothing. A few thousand of the devices are currently on trial and Mr Clifton says that the company has received interest from one potential customer looking to acquire 250,000 units. At a base price of £49.99 per unit, this could be a major money spinner as companies across multiple sectors aim to enforce personal distancing and comply with safe working legal requirements, so to avoid costly fines and crippling closures.