Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Elsight will delay releasing its new Halo v.1.1 program due to improving the new software. It will now be completed by early next year
  • Halo is a communication platform
  • The improvements to version 1.1 will also include a change in the design of its casting

Elsight will delay releasing its new Halo v.1.1 program due software improvements. It will now be completed by early next year.

The company officially launched its Halo program in February 2019 and has successfully secured a number of proof-of-concept (POC) trials and test labs.

Halo is a communication platform and has a high bandwidth, high level of security, high reliability and redundancy and has high adaptability.

It connects any computer, docking station, IP camera or USB device, enabling communication. The company claims Halo is the smallest and lightest in its industry.

Elsight POC partners include Oneberry Technologies (leader in surveillance solutions in Singapore), TRD (anti-drone solutions firm), Israel Aerospace Industries and a law enforcement agency in Southeast Asia.

The POC partners have provided Elsight with feedback from the in-the-field testing. Based on this feedback the company has commenced further researching and testing.

“This process has already identified the opportunity to build significant performance enhancements into a new iteration of Halo – Halo v.1.1 – to support existing pilot programs and deliver an end product that meets the required specifications of these prospective customers,” the company said.

The improvements to version 1.1 will also include a change in the design of its casting. The new version was suppose to be finished by the end of the year but will now be ready by the start of 2020.

“The focus for Elsight now is on near-term commercialisation and to deliver first revenues, after converting successful proofs-of-concept that we have overseen to date,” the company said.

Elsight dropped 13.98 per cent on the ASX today and is currently selling shares for 40 cents apiece at 4:11 pm AEST.

ELS by the numbers
More From The Market Herald
Superloop (ASX:SLC) - Managing Director and CEO, Paul Tyler

" Superloop (ASX:SLC) to buy tech firm Acurus in $15m deal

Superloop (ASX:SLC) has signed a sale and purchase agreement to buy Melbourne-based white-label and technology firm…
The Market Herald Video

" iCandy Interactive (ASX:ICI) seeks approval for share buy-back

iCandy Interactive (ASX:ICI) is seeking approval to undertake an on-market share buy-back from its shareholders.

" Archer Materials (ASX:AXE) granted Australian patent for computing chip

Archer Materials (ASX:AXE) has been granted an Australian patent for its CQ quantum computing chip technology.
Revasum (ASX:RVS) - Outgoing President & CEO, Rebecca Shooter Dodd

" Rebecca Shooter-Dodd resigns as President & CEO of Revasum (ASX:RVS)

Rebecca Shooter-Dodd has resigned as President and CEO of Revasum (ASX:RVS), effective immediately due to personal…