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"The company is moving forward" CloudTag CEO says after sales and R&D investments

Amit Ben Haim, chief executive at health and well-being wearable device developer CloudTag (LON:CTAG) talks to Proactive Investors about the company's recent operational update where it revealed it is hiring three senior sales executives to drive sales to consumer markets in the UK and the rest of Europe.

Ben Haim says sales efforts are accompanied with investments in R&D.

“It is clear we operate in a fast-paced industry and it is critical for us to maintain an advantage at any point in time. So we are strengthening our team with the addition of key specialist roles to enable us to do this kind of push and further our unique machine learning and artificial intelligence capabilities, which are important areas for us where we push the boundaries," he says.

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AIM:CTAG
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CloudTag Inc raises £580,000 to fund growth

Personal fitness monitoring device maker Cloudtag Inc (LON:CTAG) has raised £580,000 to help it bankroll rapid business growth. Cloudtag has generated the cash by issuing 10mln shares at a price of 5.8p per share, representing a premium of 5.45% to Tuesday's mid-market closing...

on 10/8/16

2 min read