NOR 0.00% 4.6¢ norwood systems limited

Ann: Appendix 4E and Annual Report to Shareholders, page-17

  1. Doz
    4,538 Posts.
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    “ Hardly a great result I would have thought. Not a strong reception, not a positive reception and not even a good reception. Nup, the idea received a "warm" reception.

    BottleShock , may I direct you to the below statement provided in the report .

    ( Norwood’s goal is to replace static recorded voicemail greetings with a dynamic and engaging virtual AI persona who can answer and screen your calls, just like a virtual Personal Assistant.To support this development, during FY21 Norwood entered into a Teaming Agreement with global leader in cognitive artificial intelligence (AI), Amelia, an IPsoft company. The Company is currently also in preliminary discussions with an exciting additional partner for this project, the details of which will be announced in the near- term, once a full partnering agreement has been struck between Norwood and this new party. )


    BottleShock , it appears that Norwood have an exciting additional partner with expectations they will be announced in the near term . It clearly seems to me that Norwood are playing this new Ai virtual assistant down , especially when the report informs readers that the majority of the last 12 months , Norwood have committed a large percentage of time and resources to this project . Also worthy of note , Amelia an IP Soft company , would not be committing time and resources to this revolutionary telco offering unless they could see merit and future revenue . Rather than looking at the term “warm” , I clearly read that Norwood are in preliminary discussions , but then inform that details about this new exciting partner will be announced in the near term , Norwood seem very confident . Sorry but I think you have clearly jumped the gun on this and the above statements support my view 100% .


    All in my knowledgeable opinion ......



 
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