Rest assured I’ve already looked into this lot and it’s no contest. Have a look at the case studies and compare them to VIV and you’ll see the difference.
One has top-tier blue chip clients including Linfox, Coca Cola, Woolworths, Arnotts, Mercedes Benz, Dulux, Goodman Group & international installations in Hong Kong.
…the other has… Bendigo TAFE, Brunswick East Primary School and Dandenong Club…
Even if they were a threat (they don’t seem to have the intelligent Industry 4.0 functionality) keep in mind that VIV have repeatedly won national awards for innovation and are a proven global leader in lighting technology.
VIV recently won the Frost & Sullivan 2018 Smart Lighting Solutions Company of the Year (which has previously gone to Phillips Lighting).
VIV also won the Best Innovation in Energy Efficiency award at the National Energy Efficiency Conference 20-21 November 2017 for its Intelligent LED Lighting Platform. People in attendance at the conference included the Minister for Environment & Energy and the Californian Energy Commissioner who flew to Melbourne for the occasion.
VIV also received the Westpac Business of Tomorrow award (independently assessed by Deloitte and chosen by a high profile judging panel including people from Westpac, Cochlear, IAG, Microsoft)
(Sam Redmond Head of Business Development & Strategy, Vivid Technology, accepts the National award. Mr Redmond is an Aerospace Engineer and has 15+ years of technical, commercial and advisory experience, across the aerospace, automotive, government and NGO sectors including work with Airbus, Boeing, GM Holden, Lockheed Martin and Northrop Grumman.)
"It is a uniquely Australian designed, locally manufactured, modular, plug-n-play technology, with inbuilt intelligence utilising data and algorithm control to continuously adjust a number of attached sensors and allow for predictive maintenance, optimising maintenance costs and extending product reliability." -Westpac Bank
“The intelligent part of the system takes it to another level.” - Linfox
"We are thrilled to announce a whopping 91.7% of energy savings in lighting through the installation of LED lights at Neverfail facility in Peats Ridge. Thanks to our partners Vivid Industrial for a successful roll out!" - Coca Cola
"Vivid Industrial has developed a unique global leading lighting platform which is more cost-effective and energy efficient than other comparable systems." – CSIRO
Urbain du Plessis (VIV's Chief Technology Officer) developed the technical specifications for Formula 1 Grand Prix night racing and designed lighting systems for several Olympic stadiums. Urbain holds multiple patents on adapting light to targets with industry-best efficiency - shaping the beam to place light only where it is needed. A few of his patents here - https://patents.justia.com/inventor/urbain-du-plessis
If that’s not enough, VIV owns 33% of "NewCO2Fuels" (http://www.newco2fuels.co.il/) an Israeli start-up company now commercialising an innovative system to profitably produce fuels from CO2 and water, using excess heat from industry. Only Australian company in the last 35 years to establish a deal with the Weizmann Institute in Israel.
VIV Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held