Customer installations have now commenced in Australia, and there is presently a waiting list of high profile, nationally recognized brands awaiting the arrival of additional Ohm units into Australia for their installations...
Buddy estimates that follow-on interest and/or purchase orders were received from customers representing nearly the full first manufacturing product run (of 1000 units). The Company will release information on specific customers, deployment timings (since installations are expected to be staggered) and scenarios in the near future.
From the announcement on the 17th May 2017... The announcement on the 8th of May 2017 stated that the roadshow was due to commence that week in Australia and just 9 days later had already received follow-on interest and/or purchase orders for almost the first full manufacturing run of 1000 units...
Buddy Ohm Link commences manufacturing this week, and will be available for customers mid June 2017
This suggests it takes just 1 month from the start of manufacturing to be available to customers... Very short time frame which means they could increase their orders on demand if need be... The only thing that will determine how quickly they can deploy these things will be speed of installations/training etc... This is why they are partnering with large telcos like Digicel, this will speed uptake and installations, a win win for everybody... From the Buddy website it states that Ohm can be installed within a 'matter of hours'...
Simple hardware install
Working with a certified electrician, the Ohm base station and sensors can be installed and reporting data in a matter of hours.
I wouldn't be surprised to see more similar deals in other regions... Telstra?
So with 1000 units already sold or in the queue to be sold just from the 1 week roadshow that will bring in $12m a year revenue...
From the 31st of May, the AFR article below...
"We've got over 80 facilities in the queue for orders in Australia," he said. That represented up to 3500 individual sites. Demand in the United States and the Caribbean had also been solid, with the end users covering tens of thousands of facilities.
So from the 17th of May through to 31st of May the number of people in the queue had jumped from 1000 to 3500, representing 2500 increase in 2 weeks...
3500 units would be $42m revenue... Then Mr Dave Mclauchlan stated that the end users are covering 10s of 1000's of facilities... This would bring potential revenues in the $100's of millions... I say potential since I do not know how many of those 10's of 1000's will actually take up the product...
This is all recurring revenue, revenue generated every month for the life of the product... If we can sell this many units from Australia, NZ , Caribbean and US, imagine how many more we could sell in other parts of the world such as the UK and Asia... The mind boggles on the potential market cap of BUD, I am not talking millions, I am talking billions!
Mr Mclauchlan also hinted that upgrades to Ohm will occur once this product is released, which will open up new markets such as military and residential...
Buddy is currently in the process of developing a military version of Ohm with a higher degree of security to meet the requirements of government defence departments locally and internationally.
McLauchlan also said customers have been enquiring about the ability to remotely control facilities.
"Some customers have said, 'Can you go turn down the lights or the heating if the power is too high?' While we have the ability to do that, we're not rolling out that functionality at this point," McLauchlan said.
There have been lots of enquiries about the ability to remote control facilities... This will be interesting and they have the ability to upgrade Ohm for this function...
Another upgrade and new market would be a 'home version of Ohm'...
Since its launch earlier this year, McLauchlan said the top request that Buddy has been receiving is a "home version of Ohm". While it makes sense to offer a home version in the future using more cost-effective materials, McLauchlan said the company is focused on the enterprise version until the time is right to expand the product line.
So the demand is absolutely 'going nuts' as Dave says with heaps more in the pipeline to upgrade Ohm and bring in multiple new markets is very exciting indeed... Once the market catches on, this thing is going to multiple bag!
