Key points regarding Aura IQ opportunities:
- 3 proof of value trials successfully completed.
- One of these trials proved conveyor downtime, prolonging roller life and increased conveyor utilisation, with ROI being less than 6 months.
- 6 proof of value trials currently underway.
- Market estimated at over $300M.
- 50+ opportunities with revenue value over $50M for first 3 years.
- Recurring revenue potential from current sales pipeline of $50M estimated to be circa $9M to $17M per year.
Regarding IMOD payment, Rob also mentioned that without AVA issuing a licence key the IMOD cannot operate, ensuring once payment is received, the key would be issued.
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