This morning's first presenters include Virtual Reach Inc., Alltigo, Mercuri Teleconferencing, and Diginiche.

The two we will focus on is this group are Alltigo and Virtual Reach.

Jay Steel -CTO-Virtual Reach

Co-founders of Plazmic in Mississauga, a company with success in China. Former employee of RIM.

They have launched a new product that offers a newsclip service for mobile devices like the BlackBerry. The back-end technology uses RSS feeds. It is an easier platform for companies to develop on than WAP and JAVA.

Why RSS? RSS is popular, simple, and functional. Industry leaders have embraced and validated the RSS technology. They sell into wholesale and retail channels. First customer which launched this week is Rogers Wireless.

Their market is very large because of the number of mobile devices that are communications ready. For example, there are 40,000 BlackBerry Enterprise Servers now serving 5 Million RIM devices.

They are looking for $2.5 million in capital to continue to expand their product line.


Company 2 - Alltigo - Nenad Lazovic, Director of Engineering - Mobile Tracking Devices

Alltigo builds automotive telematics and personal telematics technologies. It is a big market: $5.6 Billion and rapidly growing.

What are the applications? Their products can be used to prevent vehicle theft, reduce transportation costs, aid personal security, and in law enforcement.

The existing technology that drives this market needs to be replaced. Alltigo's technology is low-cost and powerful. It is comprised of mobile positioning hardware, a software platform, and integration services. The mobile device that would be placed on a truck, for example, resembles a small cell phone. It is very compact.

The tech works on Adaptive Assisted GPS. It is TCP/IP device.

The company's revenue streams are: Device sales, Tech licenses, systems integration, and maintenance.

R&D is complete. Order of 500 in the works. 45 (...read more...)