Cloudtag inc. full#

Cloudtag inc. full#

The company is also seeking to recruit user experience market specialists, mathematicians and 'big data' scientists as well as additional manufacturing engineers and quality assurance specialists who will work closely with the international quality assurance agency that CloudTag is currently in the process of engaging.ДЄs the company girds its corporate loins for the full commercial release of the CloudTag Track in the UK and the rest of Europe it is in the process of switching manufacturing from its low-volume producer in Taiwan to higher-volume producers elsewhere in Asia.ДЄll of the above will cost money, but the board continues to have the support of investors, and announced another successful share subscription, raising ВЈ470,000 (net) through the issue of shares at 6.05p a pop. The recruitment drive does not stop there, either, as the company revealed it plans to strengthen its research & development (R&) team through the hire of specialists in embedded systems electronics, mechanical engineering, and product and industrial design. CloudTag Inc (LON:CTAG) Chief Executive Officer Amit Ben-Haim caught up with DirectorsTalk for an exclusive interview to discuss its plans for 2018. The company is also recruiting a business development director who will be tasked with driving and delivering the companyвЂ™s business-to-consumer (B2C) and business-to-business (B2B) strategy. Specifically, the new roles will include both a UK & Ireland sales director and a European sales director who will be tasked with delivering products to market and subsequently driving sales. The new executives will have direct and current experience in the wearable technology and consumer electronics industries and proven track records, CloudTag said. The health and well-being wearable device developer, which earlier this month revealed it was putting the finishing touches to sales agreements with a number of well-known retail names, said the new recruits would also facilitate delivery of the company's first product: the CloudTag Track. It has raised ВЈ938,400 through share issues and struck a ВЈ1.25mln loan facility in January.CloudTag Inc ( LON:CTAG) is in the process of recruiting three senior executives to drive sales to consumer markets in the UK and Europe. The firm said it had sufficient funding for immediate commercialisation goals but will examine options for future cash. 'It is also the first time consumers have been offered access to a wearable which allows them to set a weight loss goal and target date with the whole system then building a personalised plan to achieve their goals, during which the 'machine learning' aspects built into the system finds out more about the user and makes constant adjustments to help keep them on track.'ДЇor the year to September 30, 2015, development costs rose to ВЈ698,000 from ВЈ629,000 while the loss before tax was ВЈ1.99mln comnpared to a loss of ВЈ2.3mln in 2014. ' CloudTag is the first wearable device to focus its offering clearly on the weight-loss market, arguably the largest niche market within wearables,' the firm said.

The device uses grade ECG (Electrocardiography) technology, allowing for accurate assessments of heart rate and energy expenditure. It has agreed to purchase a minimum number of products at a set price by the end of the year.

The CloudTag Track and the beatSMART Clip were launched in January at the consumer electronics show in Las Vegas, which led directly to a US$5.2mln distribution deal with Second Chance, which specialises in the distribution of sports related technology and accessories to the Europe, the Middle East and Africa (EMEA) region. Last year was transformational for wearable health tech group CloudTag ( LON:CTAG), it told investors, as it looks to ensure its CloudTag Track device is adopted as widely as possible.