CT1 Closing in on a bullDecent 4C, slight improvements from the last. With three indicators remaining, this one should be a long.
CT1 trade ideas
$CT1:ASX - CCP TECHNOLOGIES - IoT player up 435% over 12 monthsNot to be confused with $CCP, CT1 or CCP Technologies designs and supports innovative IoT solutions for industry and government focusing on creating and monetising sensory and cloud platform technologies that contribute to the improvement of humanity including in the areas of health, industrial productivity, environmental preservation, education, safety and general efficiency.
Think things like smart tags that perform 24/7 wireless monitoring of temperature, humidity and other critical control points with a stack of analytics behind each one with real time alerts in case of any problems. In the food industry their smart tags are placed in temperature-controlled environments (e.g. fridges, display cabinets, freezers and cool-rooms) to comply with food safety regulations and HACCP programs. CCP tags can also be used in other industries; for example, in the health industry, our solution is being used to monitor vaccine and temperature-sensitive research material storage environments.
Share price has shown strong growth over the last 12 months and it is still a sub 10 (ie its 3) cent stock so could be worth a watch.
The Company is Australian based with wholly-owned subsidiaries in India and China.
