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Talius Group (ASX: $TAL) receives first purchase orders from ADT New Zealand

Talius Group Receives Purchase Orders from ADT New Zealand


Talius Group Limited (Talius) (ASX: $TAL) has received purchase orders (PO's) to supply next generation assistive technology solutions to ADT New Zealand (ADT), a subsidiary of Intelligent Monitoring Group (ASX: $IMB). The first purchase orders received are for 5,000 PERs units, with gross revenue from the orders expected to exceed $1.5 million.

Executive Commentary on Partnership and Orders


We are very pleased to partner with ADT in New Zealand, leveraging our strong partnership with their Australian operations. This order also further demonstrates Talius' penetration in the New Zealand market and its ability to execute both domestically and internationally. We have also received purchase orders from new clients being RFBI Royal Freemasons Benevolent Institute - Aged Care, and Goodwin Aged Care. These new relationships highlight the impact Talius is having on the sector and evidences our strong sales pipeline conversion as we path towards profitability. Importantly, our subscriptions continue to grow, and we are now closing in on 35,000 with more to come.

Summary of Talius Group's Announcement


Talius Group Limited (ASX: $TAL) has successfully secured purchase orders from ADT New Zealand for 5,000 PERs units, marking a significant milestone in its partnership with ADT. The gross revenue from these orders is expected to exceed $1.5 million. Additionally, Talius has received purchase orders from new clients, including RFBI Royal Freemasons Benevolent Institute - Aged Care, and Goodwin Aged Care, showcasing the company's expanding reach and impact in the sector. Talius' Smart Care Platform continues to attract new subscriptions, with the company approaching 35,000 subscriptions. The company's ability to execute both domestically and internationally, as well as its strong sales pipeline conversion, positions Talius on a path towards profitability. The partnership with ADT in New Zealand further demonstrates Talius' penetration in the market, reflecting its ambitious corporate strategy and growth outlook.

TALIUS GROUP LIMITED
TAL | ASX | Information Technology
0.0080(+0%)
At close 05/07 (AEDT)
Market cap
$20.6M
Volume
11,900,078
DY Yield
0
PE Ratio
0
52 Week Range
0.007 - 0.013
1YR Return
-99.833%

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2 Comments
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Muhammed Rishad A
22 days ago

35,000 subscriptions is a good number. Can they turn that into profit?

Harel Bate
Harel Bate
22 days ago

Good to see Talius expanding into NZ. Hopefully this is a sign of more things to come.

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