Disclaimer:
This interim update is intended to provide informal information regarding the status of iSIGN and its general activities. The information contained herein is not intended to be a source of advice or credit analysis with respect to the material presented, and the information contained in this update does not constitute investment advice.
Dear valued shareholders and interested parties:
We hope this update finds you well and that you have a wonderful holiday season. From all of us we wish you a happy, healthy, and safe holiday.
Tech Updates:
We wanted to provide an update on the progress of our technology and current projects. Our tech team has been making great progress on the development of our Long-Range hybrid protocol and has received positive data validation from deployed devices. We are preparing to deploy another batch of devices for further testing in the field. These deployments are crucial for getting real-world insights and ensuring that our technology is ready for full production deployment, which is scheduled to begin in January 2023.
Project Updates
Our Mexico City Transit Project is also proceeding smoothly, with devices currently deployed in the field. We are gathering valuable information about coverage, network augmentation, and packaging and power requirements. We are preparing a second batch of HALO nodes that incorporate improvements based on lessons learned from the first deployment. Our client has indicated that positive results from the second phase of deployment would be sufficient to trigger a full-scale production deployment within the first 90 days of 2023, and we remain optimistic about the project’s success.
In Chile, we have deployed a test fleet of devices for a retail messaging project and are currently working on the development of the client interface based on feedback from our partners in Santiago. This deployment will undergo rapid evaluation and testing over the next five weeks, with the expectation of larger paid deployments beginning in the first calendar quarter of 2023. This timing coincides with the final budget cycles of the target retailers.
Other Items of interest
Additionally, our development team is in the early stages of working with a potential manufacturing partner to reduce unit costs by 25% and lead times by 45 days. This is great news for us, as we have been affected by supply chain issues like many other manufacturers. Our product roadmap is nearly complete and is set to be released on January 16, 2022. We look forward to sharing more about the future of ISM Technology with you.
If you have any questions, please don’t hesitate to reach out to [email protected].
