Really great announcement by taking the labour/cost intensive consulting part of the water product role-out away, and outsourcing it to such a well established engineering/consulting firm in this space already with a large market share to leverage off of.
This allows EVS to focus on it's core business of software and lets others do what they have proven capable of and already have a highly established reach in that space.
Only problem is I don't think many retailers will understand how big this will be at this stage, and not only the market it opens EVS up to but the time frames that market is now reached will be fast tracked. Should see some good material wins next year on this in quicker concession.
Take a look at Calix (CXL), we now have some of the same advisors they put on just before they were noticed. I think this might take a few days to be picked up and digested but the AGM tomorrow should help with that, which is why I believe this was delivered today.
EVS Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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