CEO Update on August 16, 2016
Dear Shareholders,
ItÂ’s summer and people are out and about, so for this update IÂ’m going to keep it brief and give you a quick summary on the current status of our key products.
Reelhouse continues to pick up steam as we take advantage of the growth in virtual reality:
The VR focus is working with 58 VR films on the platform today
Reelhouse has a 28% increase in traffic over the last month
Last month we had our highest traffic day (with the exception of a special event in 2014)
Our player now has 4K capability
We have launched an iOS app for VR & 2D video
We are about to launch a Google app and support for Gear VR
The platform now hosts 7,800 videos, which is the number that creates a critical mass for this business model and allows us to rapidly increase revenue
Cumul8 Stratus, our entertainment asset management solution, continues to expand:
There are over 1,500 Stratus users today
We have completed R&D coding on a solution to allow a maximum number of users to use the software without need for advanced learning
Moving forward this provides a much faster install process for users around the globe
Today Stratus deploys 165 terabytes of synchronized data across multiple sites
So far in 2016 Stratus has:
Managed 82 million files
Checked 7.6 million assets into the system
Checked 49 million files into the system
Maintains a 10 millisecond median response time
Maintains a 20 millisecond average response time
Stratus stores 1.3 petabytes of managed dataÂÂthe largest amount of data stored by any system in the industry
Will be expanding this software offering this fall with new revenue producing product
Cumul8 Cirrus is live and making gains in the forestry sector:
To date, we have collected over 100M records and pushed those records to the cloud
We are running this system in multiple saw mills today
We continue installing software for managers to use, to learn, and provide feedback
This summer have been about visiting as many clients as possible and deploying the software, so we can start to build out our recurring revenue streams. We have been received extremely well with deploying the software.
That is it for a quick summer update. Enjoy the rest of your summer and I will update again in the September with more specific news on the sales success and revenue installs.
Sincerely,
rory
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