Tiny Qonnectis is at present in an embryonic stage, but seems to have an interesting product with great potential. Their flagship product connects energy and water meters to the Internet via Qonnectis' own server and users' website, providing 24-hour real-time accessibility as well as the opportunity for instant data comparison and updates as frequently as every 15 minutes. This avoids the costs of traditional meter-reading methods (i.e. reading by eye or the more recent "drive-by" technology). The new technology has already saved one early customer a reported 180,000 after it spotted a water leak and alerted the user. Early adopters include utilities such as Scottish Water and Generale des Eaux Lyon, plus public sector clients such as the NHS, the RAF and various District Councils (the list is numerous, so please see QTI's press releases for the whole picture). In November 2005 QTI announced a distribution deal with Compteurs Farnier of France, providing potential access to the USA and Canada in addition to the French market.

The business case for QTI seems strong: the product is inexpensive and provides cost savings both in terms of labour-saving and of cutting wastage. Sales include an element of subscription on a five-year basis; it seems logical that satisfied customers will both increase their number of meters in use and come back for further subscriptions after the five-year period has elapsed. The potential market is huge. The real question is, when will QTI achieve break-even?

CEO Mike Tapia previously built up the Talisman remote/drive-by meter-reading business, which was then sold to Severn Trent Water Co around 1997.

Does anyone have any figures on the Talisman sale, or perhaps on Compteurs Farnier? It would be good to get some idea of the current market.


EDIT: New charts added, 21Dec2007.

Question is, 'is it just throwing good money after bad?'
"OPEN OFFER You have been credited with Qonnectis entitlement shares at a rate of 11 entitlements for every 4500 ordinary shares held as at 08 July 2010. These will entitle you to purchase 1 new share for every 1 entitlement held at an issue price of 75 pence per new share. Over subscription is possible. If you would like to take up this offer please notify us in writing by letter or secure message".

This time they can manage without my help... my few hundred quid's worth won't make any differerence.

"The name of the Company (QTI) will be changed to Water Intelligence plc today. Application has been made for a total of 8,987,053 New Ordinary Shares to be admitted to trading on AIM and it is expected that these shares will begin trading as Water Intelligence plc (Ticker: WATR) at 8.00 a.m. on Friday, 30 July 2010."