Talius Group's Start of 2024 Update - Key Insights
Talius Group Limited (ASX: TAL) has provided an update at the start of 2024, detailing several significant developments. Here are the main points from their announcement:
Letter of Intent with Hato Hone St John: Talius has executed a Letter of Intent (LOI) with Hato Hone St John, a major health service provider in New Zealand, for the supply of Talius' emergency response systems and related software. The LOI is non-binding at this stage and includes a minimum order quantity of 30,000 units over 18 months.
Completion of eHomecare Acquisition: The acquisition of eHomecare has been completed, adding an estimated $100,000 of additional annual recurring revenue. This acquisition includes integrating an established client base and hiring experienced technical staff.
ARIIA Grant Project and Partnership with CSIRO: The installation and commissioning of the Talius system at Whiddon Aged Care – Arthur Webb Court have been completed. The data teams from CSIRO are analyzing data sets collected by Talius to improve resident care and reduce potential falls.
B2C Sales Channel Development with TVSN: Talius received an initial purchase order from TVSN (Television Shopping Network) for its Trelawear Jewelry pendant product, which integrates with the Talius platform. This order is valued at $40,000 and marks Talius's entry into direct-to-consumer sales.
Completion of $2.5 Million Placement in Q4 2023: Talius completed a $2.5 million placement at the end of Q4 2023, attracting significant interest from high-caliber institutional investors. The funds will be used for the further buildout of the Talius platform, scalability, and international expansion.
This note was based on facts from the company update dated 9/1/2024.
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