Agree, it was no secret or surprise the market was already...

Agree, it was no secret or surprise the market was already informed.

It's not all bad considering in the Covid environment, nice improvement on gross margins. Current liabilities appear to have decreased. Paid out a dividend and still maintain healthy cash reserves.

Hopefully 2021 we see real improvement, but unlikely to much later in the year until a vaccine roll out has a meaningful impact for business.

Hopefully some good catalysts for later in the year.


Our engineering group is working towards releasing our major developments in 2021, including our ‘RT22 50KW EV Charger Module’, ‘Highbury DC Bi-Directional Charger’, and high-voltage input rectifier for the defence industry. We have also engaged a development partner to work with us to create a cloud/mobile platform to support our EV Charger products. Ahead of the product release, our sales and marketing team is promoting the ‘RT22 50KW EV Charger Module’ and, ‘Highbury DC Bi-Directional Charger’ to potential distributors and OEMs in the e-Mobility space and are seeing good interest in the market.