$2.2 Million Purchase Order for Carmanah Telematics

Thu, 2018-05-03 12:36 -- kate.lautens

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Latest purchase order follows $1.2 million order earlier in 2018

 

On May 2, 2018, Carmanah announced our Telematics division has recently received two product purchase orders valued at $2.2 and $1.2 million. We are disclosing these numbers since we expect them to have a material impact on this business unit. These orders are for manufactured products, which we expect to complete during the second and third quarters of 2018 via multiple deliveries.

Since its inception in 2016, our Telematics division has generated only non-recurring engineering product revenues. Click here to learn more about our work with asset tracking, the Internet of Things, and our partnership with Globalstar.

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