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CloudTag to fill the shelves in 2016 says CEO

Amit Ben-Haim, chief executive of CloudTag (LON:CTAG),says more orders for the company’s CloudTag Track and beatSmart Clip products are anticipated this year in addition to the pre-announced US$5.2mln distribution agreement.
From the second half of this year the company’s wearable technology will be available from household name retailers including Argos, Dixons, Carphone Warehouse, M&S, Tesco, Karstadt, and Media Markt.
Ben-Haim says discussions with Sears and Amazon are “all moving”, and on the B2B (business-to-business) side CloudTag is in discussions with large medical insurers in Europe and the US including UnitedHealthcare which has 26 million policy holders.
The share price has appreciated by a third over the past week, and Ben-Haim says it may be down to the CloudTag story filtering to investors, as well as the company strategy to create long term sustainable growth and value for shareholders.

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September 27 2016

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