RDF redflex holdings limited

rdf announcement, page-4

  1. 688 Posts.
    Rob Ciollli, together with his wife Bronwyn, now run Transol (TNC) which they set up last year. Supposedly in the meantime he has developed better technology, Transol do compete in the US, they have picked up a few small contracts but so far they seem to have a lot of difficulty in getting theit 'new' technology to actually work.
    In the TNC prospectus they said they would be profitable with 25 live systems despite the experience of Nestor, Redflex and others who had found a minimum of 100 were required before the black ink appeared. Latest set of accounts show a lot of red ink, minimal systems earning $, not much cash left, and they're being sued by Nestor for patent infringement.
 
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