For someone who has privately claimed to work in this industry, you sure don't publicly act like such on these boards. You should know full well large contracts such as those with an automotive assembly line such as VW Mexico will be based on batch shipments of ~10-15k units/month spread out over a year or however long the contract stipulates. The likes of Leadtek, Enfora, Wavecom, Sirf all have capacity outputs "far" greater than the supply stream Argo would ever require on a monthly basis.
But what makes you think the Argo hardware is where the majority of revenue will be generated 6 months to 5yrs out from here, anyways? Who cares about 5yrs from now if it's 1.4 or 2b...IMO that was a mistake to PR that as it just gives detractors an excuse to divert focus away from short-term. Lesson learned RH.
IMO all the major front end revenue (next 1-2 quarters) will be Argo hardware, but once CRAM is full steam ahead, that is where the serious revenue will be generated. Just as an example, 50,000 (a fraction of 1% of target environment "just" in the US...trucks/buses) CRAM units will gross upwards of 75-150 million (depending on options). Add in the monthly software monitoring/GPS tracking to interact with the proprietary CRAM (~$60-70/month w/CRAM) and you are looking at another $36 million + $10mil minimum in GPS hardware. This is what makes me scratch my head... ECT only needs to sell a measly 50,000 CRAM units "worldwide" over the next 2yrs to make me very rich (annual EPS of ~0.4-0.5 post margin). I think they have the potential to do a "far" greater amount than 50k units...lol. This is not even including Argo unit GPS contracts with Movilnet and VW (= huge). The upside to this stock is insane, but I don't expect many investors here on IHUB(generally a low-brow breed) to get this. Only when this company uplists and smart money checks in (ex brokers able to recommend to clients, Canadian private placements currently waiting in a holding pattern for TSX filing etc) will the market understand. By then, this board will have fallen off the radar.
After my visit to Anaheim yesterday, having finally met RH and Shin in person for a long joint meeting (also made the visual acquaintance of Gib, Marcel, Ron, Cliff, Yun and Lily), having held the production model FOLO CRAM unit in my own hands with a view of the internals, been told in confidence technical specifications/results that will blow minds, folks such as yourself will be entirely embarrassed in short order. I'm actually looking forward to rubbing it in.
But wait, you need pictures right? Hmm, that shouldn't be a problem.
AI
