Ann: Lenze IPark 20 Million Order, page-25

This announcement

"The Company would like to report that since this announcement, Lenze has already secured orders in excess of 20,000,000 units which will be controlled by the Xped engineered iPark application.

Revenue from this APP provided to Lenze is expected to commence within 16 weeks."


The iPark App is for iCharge device (already undergoing sales - old iCharge and new iCharge) and for iPark device.

My reading for the announcement :

(1) Thus far, Lenze has secured orders in excess of 20 million units of iParks devices - ie 20.0 million units of order of iParks devices even before production begins in late June! (forecast in 19 May announcement was 50 Million units in the first year).

19 May announcement
The new Smart iPark Lead product is expected to be in production in late June this year and its initial forecasts have global sales for this product at 50 Million units in its first year.

(2) The revenue within 16 weeks is for iPark devices download. ICharge download would have been ongoing now.