Ann: CIO Purchase Order Book Provides Strong Outlook for 2019, page-19

I've been burnt by this stock before, but now that I've convinced myself to hold again I've gone back over this announcement and picked out several points:


CIO PURCHASE ORDER BOOK PROVIDES STRONG OUTLOOK FOR 2019
https://www.asx.com.au/asxpdf/20190619/pdf/445yj63s6f8cxb.pdf

• CIO has achieved a new high level of current purchase orders exceeding A$2.5M.
• 87% of the current purchase orders are from recurring CIO customers.
• 56% of the purchase orders relate to Connected IO’s new CR48 product which illustrates the ability of the Company to innovate for customer expectations.

Connected IO’s new CR48 product creates marked growth in revenues by opening up the enterprise connectivity market.

The Company anticipates that all of the current purchase orders will be manufactured, certified, delivered, deployed and invoiced by the end of this calendar year.

The Company’s new CR48 product has achieved immediate market penetration with over half of the current purchase order book relating to sales of this product.

CR48 is a multi-SIM operator agnostic product that is forward-compatible with 5G technology. CR48 represents a giant leap in Connected IO’s strategy to transition from hardware manufacturing to providing SaaS services with a hardware component.

Yakov Temov, CIO Managing Director commented: “Connected IO has started off focusing on simple IOT applications and over time we’ve realized there is more opportunity in sophisticated IOT applications that command a higher price premium. We believe that CR48 products’ advanced capabilities and multi-operator SIM support and future products like it, will enable the Company to enter new enterprise markets and successfully build out its SaaS strategy”


A new product that is "forward-compatible with 5G technology" that already makes "56% of the purchase orders" and a SaaS strategy with "sophisticated IOT applications that command a higher price premium", really excites me.


So many applications too!
https://www.connectedio.com/solutions



I assume they're still working with Coca-Cola, LG and Sonos?
https://twitter.com/Connected_IO