Cannot compare with Dick Smith as the IoT has just started off. Xped has a unique revolutionary device for 5G IoT.
On JCT stock level in-production as announced, below is the announcement (the word here is "in-production" as the minimum orders from the 5 channel partners are confirmed via the agreements) [$200K per partner x 5 partners = $1 million stock in-production]:
Announcement 20 Dec 2016
Under the terms of the agreements, each channel partner must meet minimum annual sales targets of JCT products and services to maintain their status. These minimum sales range from $180k to $250k per partner.
These agreements have been completed with Alerttech Pty Ltd (Victoria), Unified Network Group Pty Ltd (NSW), Nurse Call Systems Pty Ltd (WA), SA Electronics Pty Ltd (SA), and A&J Communications Pty Ltd (NT). The total minimum sales targets for these 5 partners exceeds $1m per annum. A further 8 agreements are currently in negotiation is expected to increase the total number of partners to 13 with subsequent increase in expected sales and revenue targets. An update will be provided to market once further progress is made on these or material developments occur. As part of the channel partner expansion, JCT will be providing detailed product training to these partners during February 2017. Immediate market penetration is expected post training, in line with channel partner sales targets and agreements. The channel partners will be focussed on selling JCT Nurse Call solutions and systems. JCT has developed a range of nurse call products depending on the type of installation. Wireless1000 for retrofitting an existing facility if cabling is not possible. Digi3000 for a standard Nurse Call system. PoE4000 series our real IP nurse call solution that gives clients the ability to integrate Assistive Technologies and clinical interfaces. These solutions are all managed through JCT NuCAMS messaging platform.
JCT currently has approximately $1,000,000 of stock in production across various manufacturing partners to support these expanded sales channels.
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