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New Listing: EYEfi Group Technologies (CSE:EGTI)

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EYEfi is a software and electronics engineering company that has developed, patented and commercialized an innovative spatial targeting technology, thereby changing the intelligence gathering and situational awareness capabilities for people, devices, platforms and systems.

Additional Information:

Company: EYEfi Group Technologies
Website: http://www.EYEfigroup.com
Stock Symbol: CSE:EGTI
Date Published: Dec 7, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

EYEfi Group Technologies is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “EGTI”.

EYEfi is a software and electronics engineering company that has developed, patented and commercialized an innovative spatial targeting technology, thereby changing the intelligence gathering and situational awareness capabilities for people, devices, platforms and systems.

SPARC and its associated product suite, turns sensors, cameras and smartphones into geo-target co-ordinate acquisition devices.

SPARC solves the challenge of locating a distant point of interest being observed or pointed at in the field of view.

Previously, establishing the location of a distant point of interest involved triangulation, requiring at least two, or ideally three overlapping views from known positions and at various angles.

The results is then manually translated to maps, grid coordinates or geo-coded electronic topographic maps, which are time consuming, resource intensive or expensive and in some cases only provide rudimentary accuracy.

EYEfi’s solution is completely passive, covert and undetectable, requires no internet, GPS or satellite; and provides real-time geo-target acquisition and geo-pointing from a single device and provides real time spatial targeting and assessment.

SPARC’s small software footprint allows it to be installed on any mobile application or embedded into the firmware of any electronic device including industrial and military cameras, unmanned aerial vehicles and drones, and wearable technologies.

EYEfi has also developed Industrial Internet of Things sensor hardware and associated cloud software, as a second pillar within its product offering.

EYEfi Sensors connect and deliver data to EYEfi Cloud, a centralised and secure web application that provides end-users with management and control over their EYEfi Sensor network, using a simple to use dashboard style user interface.

EYEfi Sensor 3.0 is suitable for a wide variety of applications, including monitoring water levels in roadside stormwater pits to warn response crews before inundation occurs and fill level monitoring and analysis of waste levels to remove unsightly overflowing public space and commercial bins.

EYEfi is rolling out the smart waste and smart bin technology in Australia and New Zealand through its Channel Partners, such as Fujitsu and Telstra.

Simon Langdon, CEO and Founder, stated: “Our public listing on the CSE is a major accomplishment for the team and shareholders, in creating shareholder value and allowing investors to participate in our continued success. We can now accelerate our product development plans, expand our business partnerships here in Australia, New Zealand, Canada and the United States, and continue our agenda in becoming a leading provider of intelligence gathering and situational awareness technology to government and industry customers.”

The shares are trading at $0.08, with approximately 23 million shares outstanding.

For more information about EYEfi’s products, please visit the company’s website www.EYEfigroup.com, contact Tanya Carter, Marketing and Corporate Communications, at +613-9417-5777 (AEST) or by email at info@EYEfigroup.com.

I’m Megan Edwards for Investmentpitch Media