Ann: Noveda commences data migration to Buddy-BUD.AX, page-16

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taffyjuke

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20/04/16

11:03

Post #: 17552526
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Originally posted by GoodNewsEverybody ↑

So it is not clear from the announcement as to whether that is 6 million total once the migration is completed or 6 million from the initial 18 facilities - would always err on the side of caution until we have clarity.

Also worth noting that these first 18 are the biggest and as a result the ones they want to focus on and 'get right' if you will. The fact that the other 1,880 odd will be done in batches of 100 suggests that they will require significantly less work to transition to Buddy (and hence less connections/API calls).

If they had already been working on contracts with large companies like Noveda prior to the RTO I very much doubt that they would have set their performance milestones so low when their first major customer alone had potential to create 4 billion API calls.

Nonetheless, great announcement for shareholders and a good step on the way towards world domination carving out our share of the IoT pie.

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Read on expect 10 times the current magnitude in 12 to 18 months. that is 30 billion connections per day, assuming the 1900 facilities are currently connected.

BUD Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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Ann: Noveda commences data migration to Buddy-BUD.AX, page-16

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