ODN 0.00% 0.0¢ odin energy limited

http://www.marketwired.com/press-release/gridcomm-somerset-group-...

  1. 7,161 Posts.
    lightbulb Created with Sketch. 517
    http://www.marketwired.com/press-re...ighting-sensory-network-to-africa-2169751.htm - October 2016 but things are happening...

    Since expanded "Odin has partnered with the Somerset Group in South Africa to commence trials in Swaziland, Pretoria, Johannesburg, Cape Town and Rwanda."

    Currently the company is involving itself with the planning for the Makassar smart city project, which potentially would require 25,000 units - Gridcomm (ODN) would need a fair amount of working capital for this to happen and i know for a fact they are using outside funding for this.. most likely not at the best terms for longer term returns... Its in the interests of Grd that they move onto ASX for funding and growth.

    Further applications by gridComm include a digital PLC signage system, which has already been installed in New Delhi in addition to the building lighting systems. They have some seriously good product here....

    NOM is still progressing it doesn't take that long to draft and submit. The real issue I think is with RTO chapter 1 and 2 changes and getting this passed and finding investors - We dont know exactly what new terms look like...
 
watchlist Created with Sketch. Add ODN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.