I'm 100% confident the agreement has progressed as initially planned & I am 100% confident that a small amount of revenue was received last quarter for deployment costs. Below is a breakdown on what has been reported by the company:
* 3/11/15 - The project will commence in November 2015.
* 4/11/15 - The completion of the total project is subject to successful deployment of the solution over the next 8 weeks.
* 17/11/15 - Dubber announced on 5 November that it had signed a deal with one of the “Big 4 Banks” that will bring in approximately $1.68 million in revenue in Q1 2016, with the project having already commenced.
* 26/11/15 - Steve advised the following during his Switzer interview:
Part of the Big 4 Bank project includes using a biometrics engine to create metadata where there is currently no metadata. We can actually identify speakers on telephone calls and that enables the bank to likewise manage it's own data from the recordings". This particular solution is very tailored, essentially there is a requirement to take an enormous amount of recordings and store them and make them available for analysis and thats where obviously the Dubber platform comes in..and we use a biometrics engine to be able to identify who's on those calls....previously that has not been possible...these are legacy recordings that have been made over a number of years and the client in this case a major bank feels that it is important to know who's on those calls....and we are able to do that with basically 95-98% accuracy".
* 29/1/16 - As announced on 3 November, Dubber was chosen by a leading Australian bank to provide solutions under an agreement valued at $1.68m subsequent to an initial deployment. The agreement is scheduled to commence in Q1 2016.
DUB Price at posting:
59.5¢ Sentiment: Buy Disclosure: Held
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