How much was never going to be part of an announcement. The ASV is not a one size fits all so the revenue and timing will differ on multiple diverse drivers.
Honeywell has lots of different customers, to date we have engaged with one (that I'm aware of), WA Dept of Justice with the sale of an ASV to Honeywell for use at the Eastern Goldfields Regional Prison which Honeywell has a PPP contract to operate for 25 years.
Not getting closer to revenue, getting closer to more revenue, as they have already had an initial sale as mentioned above.
This won't impede our project with defence as the Honeywell deal is for perimeter security. The project with defence is in relation to detection of hazards to humans, ie nuclear radiation, biosecurity, etc. This deal with Honeywell may however give defence more confidence to engage more deeply with us moving forward. Also the data that the Honeywell ASV has delivered to Stealth has been fantastic in developing next generation ASVs.
I'm looking forward to the outcome of Phase 1 of the mining trial, the next Energy Ink update and the AGM presentation on Thursday.
Ann: SOR Robotic Security Agreement with Honeywell, page-40
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