ASX Tech Stocks: Scout Partners with Hyperion to Develop Application-Based Security Product
- Scout Partners with Hyperion for Cellular Camera Solution
- Alexium targets bulletproof vests market for thermal technology
- Sensen to provide curbside AI system to Chicago parking meters
The home security service provider was up 21.21% today in early morning trading.
Scout has just signed a partnership agreement with Hyperion Partners LLC – a principal agent for T-Mobile and other major carriers in the United States – to develop a cell-connected camera solution.
The partnership will be for an initial period of one year, auto-renewing, and will see Hyperion work to accelerate the placement of Scout’s application-based DIY security products with its network of more than 2,000 telecommunications partners.
“The cell-connected camera is an example of a product evolution, identified in consultation with telecommunications partners as they see an opportunity to solve a problem for SMBs and move more data on their networks, as we develop a product suite that does not depend on a central hub, but is still able to generate recurring revenue for us, ”said CEO Dan Roberts.
Up 11.9%, Alexium announced the commercial launch of Eclipsys-based products by Premier Body Armor, a US manufacturer of body armor systems.
This is the first commercial bulletproof vest product using the company’s Eclipsys thermal management technology.
The company has seen success with its thermal management and cooling products in the US bedding market in recent years, but is now focused on expanding these products into adjacent markets, such as body armor.
The company claims the total market for addressable bulletproof vests in the US is + US $ 25 million, with its technology that alleviates wearer heat stress by removing heat from the wearer at twice the rate. a standard waistcoat.
In addition, it can be incorporated into products with minimal design changes and negligible additional weight load.
The sensor AI solutions provider grew 4.76% today.
The company has contracted with Chicago Parking Meters (CPM) to help them digitize the edge space they manage in and around the city of Chicago using its pending sensor AI solutions. patent.
The contract for these vehicle-mounted sensor AI systems, software and services is expected to exceed US $ 1 million in FY22.
The multi-year contract is expected to generate additional revenue once current systems are fully operational, with the company saying the selective management market is estimated to be over $ 4 billion.
The company was down 7.5% following the announcement of the purchase of the remaining 75% of Transaction Solutions International (India) from its joint venture partner CX Partners.
The company has held a stake in the leading provider of managed fintech and ATM services since 2005, and expects the acquisition to add strong revenue and free cash flow and increased exposure to the growing Indian payments market.
The share purchase and sale agreement to acquire the company will be funded by an upfront cash payment of AU $ 4.1 million which Vortiv will fund through a fully subscribed rights offering.
VOR Chairman Nicholas Smedley said increasing shareholder value through accretive EPS acquisitions is a high priority for the company.
“We believe that the acquisition of TSI meets this priority,” he said.
“This is the first of many acquisitions that we plan to undertake to achieve our corporate vision. “