Norwood already has its website and marketing material set up in various languages - here is its Chinese website
http://norwoodsystems.com/zh-CN/news-media/
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@littlecorn - so on the other thread you meant by "I cant think of any other reason" that you felt the price was intentionally smacked down at auction by a same entity trades, or left hand/right hand as you say?
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"To date Monteray has largely completed its due diligence investigations of Norwood to its satisfaction.
The Company is now waiting on finalisation of an independent market report on the CORONA technology, expected in the coming week, before it formally concludes its due diligence.
Monteray and Norwood have agreed to extend the initial due diligence period of 30 days for a further 14 days while this assessment is completed."
MRY is just waiting on delivery and final assessment of independent market report.
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"Norwood Highlights
CORONA delivers superior call reliability compared to ‘vanilla’ Voice over Internet Protocol (VoIP) services currently available in the market such as Skype and Viber.
This is achieved through Norwood’s patent pending Dynamic Voice Path Optimisation (DVPO) technology.
Early adopters include representatives from six S&P/ASX 200 companies as well as other global financial institutions, professional service providers, engineering and energy companies.
High margin service offering – Norwood’s CORONA platform seamlessly connects its clients’ end-users to
nearby landline telephony networks at an average cost of only 1% of average prevailing international roaming rates.
Norwood has signed its first ‘white label’ reseller agreement with Progility Group, an AIM quoted communication systems integration business, with sales presence on five continents.
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Already has a reseller agreement with a global systems integrator, iiNet already a customer... sound like CVT?
This stock should be valued, and soon will be, at $100 million alongside, IWG and CVT.
Norwood is even a data security company as well, just like IWG and CVT:
CORONA delivers additional benefits beyond the simple reduction of international roaming expenses.
Improvements in security
Modern desktop computers are now powerful enough to break the A5/1 ciphers used in the GSM protocol within a reasonable timeframe.
CORONA provides a neat solution to this – namely by routing cell phone calls over the organisation’s private voice and data network.
By encrypting and routing the calls over data bearers, rather than using native cellular voice bearers, and by using low-power radio output, CORONA drastically reduces the potential for eavesdropping.
Avoiding the cellular network and leveraging an organisation’s own network puts the corporate customer back in control of securing mission-critical voice traffic for roaming employees.
I really should have made it a combined CL8, ZIP, CVT and IWG thread.
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Norwood received the iAward (the premier technology awards platform in the country) for CORONA.
The award covers the whole field of ICT (software, hardware, firmware etc).
Since launching in January, CORONA has seen
growth rates of more than 500% per month on average, with users now on six continents.
Norwood took out the iAward over products from Atlassian, Amcom (ASX:AMM) and Next DC (ASX:NXT) - multi-hundred million dollar companies.
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If I sound excited about this stock, it's because I am.
