IOT pens exclusive ROAM-e distribution deal
Published 06-JUN-2016 16:25 P.M.
|
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
The drone revolution is surely upon us, as swathes of consumer-aimed drone products continue to move from sketchboard to shelf while their costs continue falling.
Whereas five years ago drones were still a sci-fi inspired dream, today they are a most definite reality retailing from as little as $300 and reaching as high as $10,000 for professional-grade machines.
The drone market is expected to be worth around US$4 billion by 2021 and forecast to grow at a rate of 109% CAGR between 2014 and 2020.
Several innovative manufacturers from around the world are already designing and manufacturing a wide range of unmanned aerial vehicles (UAV’s) to suit all applications, age groups and functionality requirements.
IOT Group (ASX:IOT) aims to be a serious contender in the drone space having provisionally agreed an exclusive distribution agreement with Shenzhen Aviation Technology (AEE) back in April 2016. In today’s market update to shareholders, IOT announced the formal completion of the deal that will see AEE distribute IOT’s flagship ROAM-e product in Australia and Japan commencing later this year. Extensions to other countries have been earmarked depending on the initial success and as the deal progresses.
Meanwhile, IOT is preparing for its global launch of ROAM-e, a consumer-level drone with premium functionality and priced at the entry-level of the drone market at around $400 per unit.
ROAMe packaging
IOT expects to present the ROAM-e Flying Selfie camera to key worldwide retailers this month.
IOT’s Executive Director of Business Strategy Ian Duffel said, “It is the perfect next step for IOT to distribute AEE’s great range of Drones. AEE is our production partner in ROAM-e and this will extend our strong business relationship even further”.
IOT’s ROAMe drone is expected to go on sale later this year
More about AEE
AEE is focused on UAV’s, police and military drones, and other precision based technologies. Headquartered in Shenzhen, AEE’s operations include an R&D Centre, a Manufacturing Plant spanning 100,000 sq. metres and currently has over 1,500 employees on its books.
Some of its other electronics products include an alternative drone dubbed the ‘Condor Elite’ drone as well as high-resolution camera equipment.
The Lyfe Onyx Camera (left) and the Condor Elite Drone (right) manufactured by AEE
The Condor Elite Drone comes with Follow Me function and Vision Positioning, boasts a flight time of 20 minutes and a maximum flight speed of lSm/s, and is capable of 16 MP photo resolution and 4K video recording.
The AEE Lyfe Onyx Camera is equipped with built-in Bluetooth and WiFi, and capable of 16 MP photo resolution and 4K video recording. It has a remote control range of 80m, and supports up to 64GB micro SD card.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
