"Company Update Announcement Delivery Status JCT will be in a...

"Company Update Announcement

Delivery Status

JCT will be in a position to demonstrate the video analytics component of our AI technology before the end of June, with the final installation of all camera equipment and software to Lightsview.

Delivery of the “Elderly Home Automation” system (limited home automation) and “Staff APP” will be delivered before mid-July, 2017.

The total value of the Lightsview project is $600,000. JCT has received (pre-acquisition) $300,000 in payments, and anticipates final payment and invoicing to occur during the 4th quarter of this calendar year


JCT

JCT continues to make steady progress with delivery of the new much awaited Artificial Intelligence (AI) product lines to the various health, disability, and aged care sectors. Importantly, JCT will meet all obligations for the much-anticipated completion of the flagship Lightsview project by July 15, showcasing the technology to various government health care organisations.


Our original MOU with Microsoft was a key driver in the implementation of our cloud services solution hosted in the Microsoft Azure Cloud. The first examples of the Xped cloud services solution will be the Lightsview project and the Lenze Smart Leads device launch."


My thoughts

Looking at above paragraphs in the Company Update, the Lightsview project itself was $600K (a flagship project). By July 15, when JCT will meet all obligations for the completion of the Lightsview project, JCT will be showcasing the technology to various government health care organisations (in Xped presentation Nov 2016 - Scale JCT Healthcare solution beyond Australia : China, US and Europe in Q2 - Q3 2017).

Each project will cost at least $600K? I guess the cost will depend on the size of the project but shouldn't the cost of the same size project as Lightsview be more than the Lightsview flagship project cost?

And, interestingly to note, the Lightsview project is one the first examples of Xped cloud services solution (the other one is the Lenze Smart Leads device launch) arose from the implementation of our cloud services solution hosted in the Microsoft Azure Cloud via Xped's original MOU with Microsoft.

"Our original MOU with Microsoft was a key driver in the implementation of our cloud services solution hosted in the Microsoft Azure Cloud. The first examples of the Xped cloud services solution will be the Lightsview project and the Lenze Smart Leads device launch."


PDYOR