Move across ditch gives Aeeris spark
AS a cyclone approaches the southeast Queensland coast, shares in Kingscliff-based listed company Aeeris rocketed 8.62 per cent as it announced the expansion of its emergency weather warning service to New Zealand.
Aeeris said it was extending its Early Warning Network monitoring and alerting service to cover both North and South Islands for all weather and natural hazards.
In a statement to the ASX, managing director Kerry Plowright said the extension of the EWN across the ditch would not require any additional resourcing.
“The ease with which EWN can scale both geographically, or by end user, is made possible by the company’s proprietary Geographic Notification and Information System,” he said.
“We could just as easily deliver our services into South America or Africa.
“This particular agreement has been in the works for a while and other clients have already said they would like to follow.
“With this agreement, the business introduces to New Zealand an entirely unique blend of technology, experience and expertise.”
The company said its rollout of EWN’s standard service also provided the presence to introduce other solutions like its Intelligent Flood Alerting System.
“This capability delivers an end-to-end, automated flash flood alerting system used by emergency management with warnings automatically issued to the public,” the statement said.
“Residents within the catchment area opt-in to receive warnings via an App, SMS, email and phone, or through the website.
“In addition, the company has recently added customers from both the insurance industry and local government. EWN services are subscription-based, and every customer win adds to its growing annuity revenue stream.”
The announcements come on the back of the company announcing its half-year results, which revealed a 24 per cent increase in revenue to $689,067 and a 243.9 per cent lift in net profit to $269,889.
Aeeris shares were at 6.3¢ yesterday, up from 5.5¢ earlier in the week.