Macquarie Telecom, page-26

@Acca

It takes
--6 mths (July-Dec14) - from NSC agreement to progress first joint project TSystems

-another 3 months (Dec14-March15) for TSystem to set up shop to resell Safe-Share to 6m potential users.
-

March 18, 2015
NSC Global and T-Systems launch Covata Safe Share at CeBIT Hannover 2015

04/12/14
Press Release:
Covata and NSC Global Announce First Joint Customer Project with T-System subsidiary of Deutsche Telekom

-
*Cisco's
- first customer already in talk since March, say ann detail in June-Sept (?)


*Platforms installation, as you say, will take longer:
The Covata Platform is composed of a set of services which provide the
following capabilities
p10,

	Column 1	Column 2
0	08/12/2014	Investor Presentation

http://www.asx.com.au/asxpdf/20141208/pdf/42vb718xwl8220.pdf

*===


@MichaelOliver

Small fish in 2016, Bigger fish in 2017 and 2018:

NSCGlobal must achieve these targets, 'by hook or by crook':

US$5M (A$6.5m) , 30/3/16

U$12m ($15.5m) , 30/3/17

US$17m(A$22m) , 30/3/18

P 110 , Prospectus -
http://www.asx.com.au/asxpdf/20140922/pdf/42scr9vg07wvmq.pdf

Say,
2015/6, TSystems gets:
Q1 - $100k
Q2 - 1m
Q3 -2m
Q4 -U$5m ( minimum), 30/3/2016,

$5m = 278,000 users x $180/user/yr

Say
Covata gets 278,000 x U$65
= U$1.8m
= A$2.3m net margin ( minimum)


This is from just one Supermall (TSytems), not including Cisco's and other projects
in pipelines:

NSC - other Europe Telecos/MSPs,
Latin America Telcos/MSPs,
other OEMS,


(*CISCo projects and revenue magnitudes are the dark horses)