RNS - the potential is unimaginable4 Feb 2021 11:22
Very encouraging news from the latest RNS today:
"The acquisition serves to accelerate the Group's US expansion plans, providing a footprint and an opportunity to add further scale. The Directors believe that, based on relative population sizes, the US represents an addressable market around five times larger than the UK, and therefore believe the acquisition represents a significant milestone in its growth strategy... Checkit is also pleased to announce the appointment of two senior business development executives, Kit Kyte and Steve Peck, effective 1 February 2021... Kit Kyte... was previously with New York headquartered Genpact, a global professional services firm delivering digital transformation by putting digital and data to work to create competitive advantage... Steve Peck ... was previously employed by Oracle NetSuite, the world's number 1 cloud business management software suite. Steve has considerable experience of Checkit's two most important vertical markets, Healthcare and Food Retail."
I've held this stock from the Electron days and will continue to do so. Why? Once everyone realises the potential of using the sensors and workflow to support adaptation and mitigation to climate change, the agriculture and food market alone will be enormous (accounts for around 24% of all GHG emissions globally). Furthermore, the upfront costs associated with using the sensors/software are relatively low compared to other adaptation/mitigation methods.
Just imagine if the sensors run off RE from IKA batteries in the future?
DYOR
UQ