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Thursday, 07/15/2021 8:42:41 AM

Thursday, July 15, 2021 8:42:41 AM

Post# of 130132
Microsoft mentioned SRMX as top of the list partner

Microsoft mentioned SRMX as top of the list partner in a presentation Sep 28, 2020 referring to our Tritom Azure sphere. (Which Tricascade has been collaborating with Microsoft on for several years) Let me be clear this video is directly from Microsoft and as an investor it is nice when Tricascade mentions this but I need to hear it directly from the horses mouth, which Microsoft did.


Time Microsoft refers to SRMX as a partner TIME 19:32.

A short 8 months later SRMX receives a PO from Microsoft for the same product Microsoft referenced.

Not only did SRMX receive the PO but they manufactured and delivered product to Microsoft as per Revenue Sources and Revenue Recognition off of SRMX Q1 Quarterly Report.

https://backend.otcmarkets.com/otcapi/company/financial-report/283775/content

"While no revenue was recorded in the 3 months ended March 31, 2021, Tri Cascade received a purchase order from Microsoft for its TRITOM Sphere Guardian S100 modules during first quarter 2021, which was shipped during April, 2021 and which will be recognized as revenue in second quarter 2021."

Below are some other highlights from SRMX recent Q1 report.

1. Reduced Debt/Accounts Payable by $398,321

2. Showed they have the capability to manufacture and ship tech that has taken millions of dollars developing and has taken several years collaborating with Microsoft to prefect. THIS is nothing short of monumental.

3. Confirmed Revenue (From Microsoft) not worried to as what the PO size is because of point above, more so that revenue is reflected.

4. Laser focus, as a start up IoT company they have been all over the map, trying to find a niche that could have been profitable. (Failed ideas) Which is okay, as long as you land on an idea that leads you to revenue, which they have with the Tritom Azure Sphere. (Maybe our new investor is helping the TriCascade team focus?) Either way revenue is the first step to becoming cash flow positive and being able to expand on all Maxs IoT projects. IMO Max can stay quite as long as the QRs continue to show debt reduction and revenue.

5. Our investor Wen-Shone Shiau is now the Vice Chairman of the Board of Directors and Company Secretary.

6. Our investor, invested another $500,000 dollars for 1 million Preferred Series “B” shares, which is great news because that is double the amount of cash for the same amount of shares he acquired in 2020.

One last note about why we are not pink current.

Our attorney messed up the attorney letter back to back and now we have to wait until Q2 filling to become current. Below is the verbiage from a law firm and you can see the attorneys letters VIA OTC Market under SRMXs disclosure tab.

PS- These types of small mistakes is something SRMX has to clean up moving forward but believe we are moving in the right direction.

Hope this helps team!

“For companies with unaudited financial statements, OTCMarkets relies on the issuer’s securities lawyer to thoroughly review an issuer’s disclosure prior to writing an Attorney Letter. This letter must clearly state that the information provided by the issuer complies with the OTCPink Basic Disclosure Guidelines. If the company does not qualify for the Current Information tier after its securities attorney submits the Attorney Letter, OTCMarkets will generally work with the issuer and the attorney to explain what information is missing or inadequately disclosed, and will conduct a secondary inspection once a new Attorney Letter is posted. At this point, if information is still missing or inadequate, OTCMarkets will not process any additional Attorney Letter submissions until the next quarter”