CloudTag has come a very long way and the Group is now almost unrecognisable from where we were 12-18 months ago. We believe that CloudTag is now in a strong position to build on these foundations as we work to capitalise on the opportunities afforded to us by our unique and potentially disruptive technology. This has allowed him not only to devise an ambitious business strategy, but also to challenge and drive CloudTag's technical teams across the Group to deliver his vision for the product set.Īmit's impact and the implementation of his approach has yielded a number of key achievements during the period and beyond, culminating in CloudTag launching its first commercial product to market, the CloudTag Track™, at the Consumer Electronics Show (CES), Las Vegas, in January 2016. Amit not only has a proven background as a successful and inventive entrepreneur, but also has crucial knowledge and experience in science, clinical cardiology and engineering. The Group has made significant progress by adhering to the enhanced strategy as set out by our Chief Executive, Amit Ben-Haim, since his appointment as Chief Executive of CloudTag in February 2015. The year to 30 September 2015 has been an exciting and transformational period in CloudTag's history. It is now up to us to ensure that this product is adopted on as wide a scale as possible, to grow revenues and generate value for our loyal shareholders."Ĭairn Financial Advisers LLP (Nominated Adviser) "CloudTag has developed ahead of my planned strategy, and recently launched what we believe will be a leading product in our market, with capabilities which simply cannot be found anywhere else.
Successful fundraisings of £938,400 in equity and £1.25 million debt facilityĪmit Ben-Haim, CEO of CloudTag, said: " I am extremely proud of the progress we have made throughout the financial year 2015 and recognise the immense effort it has taken from our dedicated employees across the Group in achieving so much in a comparatively short time. Appointed Jessie Pavelka, a well-known global fitness and weight loss expert as Global Brand Ambassador. 
Appointed Dr Gerald Bereika as Non-Executive Director, adding expertise to the Board in healthcare services and the psychology of behavioural change. Signed significant distribution agreement with Second Chance Limited potentially worth at least $5.2 million. Launched first product set to schedule, CloudTag Track™ and the beatSMART™ Clip, at the Consumer Electronics show, Las Vegas, USA. Other administrative expenses maintained at £ 846,000 (2014: £830,000) despite increased recruitment, business development activities and preparation for the launch of the product at the Consumer Electronics Show 2016 in Las Vegas. Prudent management of costs during the period. Appointed Alon Moss as Group Chief Technology Officer (non Board appointment). Appointed John Wakely as Group Finance Director contributing experience in financial structuring and tax planning. 
Core development and operational skills brought in-house and multiple patent applications filed to enhance the IP estate. Completed integrated product design, comprising all hardware, software, smart device apps, testing and tooling with manufacturers, ahead of schedule. Surpassed CEO Amit Ben Haim's enhanced strategy for commercialisation and growth. ('CloudTag', ' the Company ' or 'the Group')įinal Results for the year ended 30 September 2015ĬloudTag Inc (AIM:CTAG.L), the company which develops personal performance monitoring for the consumer health, wellbeing and fitness markets, announces its final results for the year ended 30 September 2015.
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