Max Headroom covered one of the points I was going to make. Here are two more.liesbeth wrote: ↑Tue, 20 Aug 2019 7:15 pmhi Strong Eagle,
we have a reseller (100% sales agency) who sell the products, accessoires, training, maintenance..., so he sells our products.
Our products are quite expensive to purchase and there is an open market to deliver services with our systems. so clients pay per day work and don't need to spend big money.
we do the jobs and deliver the final result to the clients.
He also note that services is a first step to convince clients on long term to purchase the systems.
It is clear that he wants to give an answer on the questions and he is looking for a solution. he is aware that you can not sell products and deliver services.
that means he is interested to set up an entity with me. He never delivered services before, but has experience with the technology. We will point another person who will perform the flights.
About equity, I will be main share holder.
The main worry if course is that Singapore sounds like 'paradise' but can be easily business generated? Can we trust Singaporian as share holder? Are people open to accept new technology (not only governent)
He is selling our products now but it takes time before you can really see the sales figures growing. We started sales in SG mid 2018.
I hope this additional info helps.
I'd say they already have their foot in the door. But repeat sales or branching out will be the key. The government is really restricting the use of drones here after they've shut down Changi Airport 2x already (private hands flying drones over changi airspace no fly zones).We developed hardware and software for mobile mapping systems. Our first product is a high tech drone which is really for a niche market. ( and quite expensive). We already sold 1 unit in singapore and 1 to the government in Singapore.
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