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- HSC Technology Group (HSC) receives an initial purchase order from VitalCALL/Chubb for 5,000 personal emergency response systems (PERs)
- HSC says the revenue forecast from the order is more than $1.6 million
- In addition to the initial purchase order, an agreement variation includes a non-binding order target of 20,000 units from VitalCALL, providing a further 15,000 units in potential orders
- HSC will commence the supply of the PERs assistive technology as well as provide subscription services via its Talius Smart Care Platform to the current and future clients of VitalCALL in the retirement living, independent living and community care sectors
- HSC shares 16.7 per cent higher at 1.4 cents
HSC Technology Group (HSC) shares have risen after the company announced it had received an initial purchase order from VitalCALL/Chubb for 5,000 personal emergency response systems (PERs).
HSC said the revenue forecast from the order was more than $1.6 million.
Further to the initial purchase order, an agreement variation includes a non-binding order target of 20,000 units from VitalCALL, providing a further 15,000 units in potential orders.
HSC said in the event it received the non-binding targeted number of orders under the amended agreement, the additional orders would “significantly bolster” the company’s revenue.
The company will commence the supply of the PERs assistive technology as well as provide subscription services via its Talius Smart Care Platform to the current and future clients of VitalCALL in the retirement living, independent living and community care sectors.
Managing Director of Monitoring Solutions at VitalCALL/Chubb Joshua Simmons said delivering HSC’s “next-generation assistive technology to the seniors’ market” would enable VitalCALL/Chubb to improve the safety and independence of its customers while providing peace of mind to families that it is available 24 hours.
HSC said VitalCALL was one of the largest providers of PERs, having traded in Australia for more than 40 years. The company is part of the Chubb group, one of the world’s leading providers of fire safety and security solutions.
“This initial order, and the additional order target, demonstrates the standing of HSC in the sector and its unwavering commitment to quality technology platforms allowing seniors and people with disabilities to live independently,” HSC Managing Director Graham Russell said.
HSC shares ended the day’s trading session 16.7 per cent higher at 1.4 cents.
