About Us
Total Telcom Inc. is a reporting issuer in Alberta, British Columbia and Ontario. The shares of the Company trade on the TSX Venture Exchange (symbol TTZ).
ROM specializes in the development of innovative wireless solutions that integrate low earth orbiting satellites to real world applications. Remote monitoring, data collection, asset management and control solutions are sold to Government, Industry & Commercial users directly or through various industry partners.
Statement on forced labor in supply chains: Total Telcom Inc. does not tolerate the use of child labour, forced labour, or human trafficking in any form and will never knowingly use suppliers that do not share these values. Report
.Active Market Segments:
- Environmental
- Fisheries
- Forestry
- Military
- Off-Road Racing
- Recreational Vehicles
Investor Presentation
Download our investor overview presentation.
-
May 27, 2024
Total Telcom Announces Third Quarter ResultsKelowna, B.C., May 27, 2024 – Total Telcom Inc. (TSX.V: TTZ) (OTC Pink: TTLTF) (“Total Telcom” or the “Company”), a leading developer and provider of remote asset monitoring, tracking, control and communication solutions, today announced financial results for its third quarter of Fiscal 2024 ended March 31, 2024. The financial statements and related Management's Discussion and Analysis ("MD&A") can be viewed on SEDAR+ at www.sedarplus.ca
Third Quarter 2024 Highlights
• Revenuefor the quarter ended March 31, 2024, was $519,612, compared to $587,622 in the same quarter of the previous year. For the nine months ended March 31, 2024, revenue totaled $1,481,536, compared to $1,678,319 in the corresponding period of 2023.
• Hardware revenue for the quarter March 31, 2024, was $117,132, compared to $192,180 in the same quarter of the previous year. For the nine months ended March 31, 2024, revenue totaled $525,922, compared to $774,401 in the corresponding period of 2023.
• Communication or recurring revenue profit for the quarter ended March 31, 2024, was $306,222, compared to $360,285 in the same quarter of the previous year. For the nine months ended March 31, 2024, gross profit totaled $891,447, compared to $971,555 in the corresponding period of 2023.
• Gross profit for the quarter ended March 31, 2024, was $306,222, compared to $360,285 in the same quarter of the previous year. For the nine months ended March 31, 2024, gross profit totaled $891,447, compared to $971,555 in the corresponding period of 2023.
• Net income for the quarter ended December 31, 2023, was $101,553, compared to $114,409 in the same quarter of the previous year. For the six months ended December 31, 2023, net income totaled 85,291, compared to $237,884 in the corresponding period of 2023.
• Cash, cash equivalents, and term deposits as of March 31, 2024, was $2,802,183, compared to cash, cash equivalents, and term deposits of $2,404,179 at June 30, 2023.
Neil Magrath, CEO of Total Telcom commented, “Our third-quarter net income remains consistent with Q3 of 2023, primarily due to higher interest income and foreign exchange gains offsetting lower hardware sales. While year-to-date performance is down compared to last year, primarily driven by limited sales in RV hardware, we are encouraged by our strong cash position with $2.8 million in the bank and no debt. We are optimistic that RV hardware sales will resume in coming quarters, and our team continues to work diligently on expanding our business.”
Consolidated Statements of Income and Comprehensive Income
For the Quarter Ended March 31, 2023Total Telcom Inc
Consolidated Financial Statements of Financial Position
For the Quarter Ended March 31, 2023Total Telcom Inc
Consolidated Statements of Cash Flows
For the Quarter Ended March 30, 2023
About Total Telcom
Total Telcom, through its wholly owned subsidiary ROM Communications Inc. (ROM) is a leading developer and provider of remote asset monitoring, tracking, control, and communication products and services.
Total Telcom has a client first history and is known throughout the industry for its innovative advanced technology solutions. The Company is uniquely positioned to deliver solutions that enable its customers and clients to cost-effectively oversee, remotely monitor, track, control and communicate with their fixed and mobile assets.
These modules are wireless modems that utilize microcomputers integrated with sensors, GPS engines, WiFi, RFID and various inputs and outputs. User interface requires NO special APPs or equipment as configuration is facilitated through a wireless WiFi connection to any smartphone, tablet, laptop, or datalogging firmware by the user through the Internet. ROM is an authorized airtime reseller and hardware developer for satellite, cellular and wireless IP Networks.
Total Telcom offers its customers a suite of products and solutions that are based on proprietary hardware and software. The Company’s business model allows it to generate multiple revenue streams through the sale of both hardware (products) and recurring monthly service fees (monitoring, tracking, control, and data management). For additional information on Total Telcom, visit www.totaltelcom.com
Contact Information
Neil Magrath, CEO neil@totaltelcom.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release-
February 28, 2024
Total Telcom Announces Second Quarter ResultsKelowna, B.C., February 28, 2024 – Total Telcom Inc. (TSX.V: TTZ) (OTC Pink: TTLTF) (“Total Telcom” or the “Company”), a leading developer and provider of remote asset monitoring, tracking, control and communication solutions, today announced financial results for its second quarter of Fiscal 2024 ended December 31, 2023. The financial statements and related Management's Discussion and Analysis ("MD&A") can be viewed on SEDAR at www.sedar.com
Second Quarter 2024 Highlights
• Revenue for the quarter ended December 31, 2023, was $619,578, compared to $678,370 in the same quarter of the previous year. For the six months ended December 31, 2023, revenue totaled $961,924, compared to $1,090,697 in the corresponding period of 2023.
• Hardware revenue for the quarter December 31, 2023, was $337,606, compared to $431,245 in the same quarter of the previous year. For the six months ended December 31, 2023, revenue totaled $408,790, compared to $582,221 in the corresponding period of 2023.
• Communication or recurring revenue for the quarter December 31, 2023, was $167,709, compared to $153,047 in the same quarter of the previous year. For the six months ended December 31, 2023, revenue totaled $335,816, compared to $300,431 in the corresponding period of 2023.
• Gross profit for the quarter ended December 31, 2023, was $385,879, compared to $387,761 in the same quarter of the previous year. For the six months ended December 31, 2023, gross profit totaled $585,225, compared to $611,270 in the corresponding period of 2023.
• Net income for the quarter ended December 31, 2023, was $101,553, compared to $114,409 in the same quarter of the previous year. For the six months ended December 31, 2023, net income totaled 85,291, compared to $237,884 in the corresponding period of 2023.
• Cash, cash equivalents, and term deposits as at December 31, 2023, was $2,538,858, compared to cash, cash equivalents, and term deposits of $2,404,179 at December 31, 2022.
Neil Magrath, CEO of Total Telcom commented, “We are proud to announce another profitable quarter. Revenues for the quarter are lower due to a decrease in RV hardware sales as manufacturers are experiencing a slowdown in demand for recreational vehicles. We have a solid net cash position, underscoring our financial stability, with excess cash being allocated to term deposits. Our teams remain focused on business development activities as we continue to penetrate new markets with our commercialized offerings.”
Consolidated Statements of Income and Comprehensive Income
For the Quarter Ended December 31, 2023Total Telcom Inc
Consolidated Financial Statements of Financial Position
For the Quarter Ended December 31, 2023Total Telcom Inc
Consolidated Statements of Cash Flows
For the Quarter Ended September 30, 2023
About Total Telcom
Total Telcom, through its wholly owned subsidiary ROM Communications Inc. (ROM) is a leading developer and provider of remote asset monitoring, tracking, control, and communication products and services.
Total Telcom has a client first history and is known throughout the industry for its innovative advanced technology solutions. The Company is uniquely positioned to deliver solutions that enable its customers and clients to cost-effectively oversee, remotely monitor, track, control and communicate with their fixed and mobile assets.
These modules are wireless modems that utilize microcomputers integrated with sensors, GPS engines, WiFi, RFID and various inputs and outputs. User interface requires NO special APPs or equipment as configuration is facilitated through a wireless WiFi connection to any smartphone, tablet, laptop, or datalogging firmware by the user through the Internet. ROM is an authorized airtime reseller and hardware developer for satellite, cellular and wireless IP Networks.
Total Telcom offers its customers a suite of products and solutions that are based on proprietary hardware and software. The Company’s business model allows it to generate multiple revenue streams through the sale of both hardware (products) and recurring monthly service fees (monitoring, tracking, control, and data management). For additional information on Total Telcom, visit www.totaltelcom.com
Contact Information
Neil Magrath, CEO neil@totaltelcom.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release-
November 30, 2023
Total Telcom Announces First Quarter ResultsKelowna, B.C., November 30, 2023 – Total Telcom Inc. (TSX.V: TTZ) (OTC Pink: TTLTF) (“Total Telcom” or the “Company”), a leading developer and provider of remote asset monitoring, tracking, control and communication solutions, today announced financial results for its first quarter of Fiscal 2024 ended Sept 30, 2023. The financial statements and related Management's Discussion and Analysis ("MD&A") can be viewed on SEDAR at www.sedar.com
First Quarter 2024 Highlights
• Revenue of $342,346;
• Hardware revenue of $71,184;
• Communication or recurring revenues of $168,107;
• Gross profit of $199,346;
• Cash provided by operating activities of $280,737;
• Net loss of ($16,262).
Neil Magrath, CEO of Total Telcom commented, “This quarter reflects a cyclical dip in RV manufacturing over the summer months, and combined with the timing of RV controller orders, contributed to a slower than anticipated quarter. However, there continues to be strong commercial interest in our RV products which is demonstrated by a third follow-on order subsequent to the quarter end, which has not yet been accounted for in our quarterly results. We continue to focus on expanding our partnerships with our current distributors while cultivating new relationships with additional RV manufacturers and distributors interested in our RV solutions. We have recently experienced an uptick in interest for our Racing-TraX solutions, and we believe this segment is positioned for a record year. Groundwork has also been laid for our Water-TraX products: we’ve received validation of the product’s effectiveness and a first order from a department of the US Armed Forces, and we have also recently forged our first white label manufacturing agreement.”
Consolidated Statements of Income and Comprehensive Income
For the Quarter Ended September 30, 2023Total Telcom Inc
Consolidated Financial Statements of Financial Position
For the Quarter Ended September 30, 2023Total Telcom Inc
Consolidated Statements of Cash Flows
For the Quarter Ended September 30, 2023
About Total Telcom
Total Telcom, through its wholly owned subsidiary ROM Communications Inc. (ROM) is a leading developer and provider of remote asset monitoring, tracking, control, and communication products and services.
Total Telcom has a client first history and is known throughout the industry for its innovative advanced technology solutions. The Company is uniquely positioned to deliver solutions that enable its customers and clients to cost-effectively oversee, remotely monitor, track, control and communicate with their fixed and mobile assets.
These modules are wireless modems that utilize microcomputers integrated with sensors, GPS engines, WiFi, RFID and various inputs and outputs. User interface requires NO special APPs or equipment as configuration is facilitated through a wireless WiFi connection to any smartphone, tablet, laptop, or datalogging firmware by the user through the Internet. ROM is an authorized airtime reseller and hardware developer for satellite, cellular and wireless IP Networks.
Total Telcom offers its customers a suite of products and solutions that are based on proprietary hardware and software. The Company’s business model allows it to generate multiple revenue streams through the sale of both hardware (products) and recurring monthly service fees (monitoring, tracking, control, and data management). For additional information on Total Telcom, visit www.totaltelcom.com
Contact Information
Neil Magrath, CEO neil@totaltelcom.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release-
October 23, 2023
Total Telcom Announces $250,000 Order for RV Controllers
This is the Third Follow-on Order from the Same RV DistributorKelowna, B.C., October 23,2023 – Total Telcom Inc. (TSX.V: TTZ) (OTC Pink: TTLTF) (“TotalTelcom” or the “Company”), a leading developer and provider of remote asset tracking, data monitoring and communication solutions, announces it has received a further $250,000 order for RV controllers from an RV distributor. This order is in addition the previously announced orders on December 15, 2022 and May 23, 2023. The Company expects this order will be delivered over the next couple of months.
Total Telcom’s second-generation controller continues to be adopted by the marketplace through its partnered HVAC supplier. In addition to the improved features provided by the second-generation RV controllers, they are also designed to enable direct integration with the recently launched SATrv initiative.
Neil Magrath, CEO of Total Telcom commented, “Our expanding interest and adoption from the marketplace for our RV controllers has resulted in another follow-on order from our distributor. We continue to receive positive feedback from our distributor for our controllers, and the successful roll-out of the second-generation products continues to make steady progress.”
About SATrv
A satellite-based telematics system for the recreational vehicle marketplace. Using the latest technologies to provide a cost-effective practical approach to extend your peace of mind beyond cell coverage and paved roads. To learn more, please visit: www.satrv.com.
About Total Telcom
Total Telcom, through its wholly owned subsidiary ROM Communications Inc. (ROM) is a leading developer and provider of remote asset monitoring, tracking, and communications products and services. ROM specializes in the development of innovative wireless communications that provide low cost, high tech monitoring, tracking and remote control solutions for commercial, industrial and consumer applications. ROM is uniquely positioned and qualified to deliver complete web to wireless solutions that enable companies and organizations to remotely monitor, track and control their fixed and mobile assets with a web browser from any Internet enabled PC. Products and services are based on ROM’s web to wireless technology and proprietary 2nd generation hardware & software marketed as TextAnywhere, ROM Controllers, ROMTraX, MotoTraX, TraX, DataTraX, WaterTraX, SiteTraX, CamTraX, AlarmTraX, and SATrv. These modules are wireless modems that utilize microcomputers integrated with sensors, GPS engines and various inputs and outputs and interfaced by the user through the Internet. ROM is an authorized airtime reseller and hardware developer for satellite, cellular and wireless IP Networks.
For additional information on Total Telcom, visit www.totaltelcom.com
Contact Information
Neil Magrath, CEO
neil@totaltelcom.com
-
October 10, 2023
Total Telcom Announces Record Fourth Quarter and Fiscal Year 2023 Results. Fiscal 2023 Revenues Increased 45%, Net Income Increased 99%Kelowna, B.C., October 10, 2023 – Total Telcom Inc. (TSXV:TTZ) (OTC:TTLTF) (“Total Telcom” or the “Company”), a leading developer and provider of remote asset monitoring, tracking, control and communication solutions, today announced financial results for its fourth quarter and fiscal year ended June 30, 2023.The financial statements and related Management's Discussion and Analysis ("MD&A") can be viewed on SEDAR at www.sedar.com
Key Fiscal Year 2023 Highlights
* Record revenue of $2.39 million, an increase of 45% driven by continued growth in hardware sales, and communication revenues.
* Hardware revenue of $1.23 million, an increase of 131%
* Communication or recurring revenues of $647 thousand, an increase of 27%
* Record gross profit of $1.48 million, an increase of 57%
* Record cash provided by operating activities of $799 thousand, an increase of 68%.
* Record net income of $583 thousand, an increase of 99%.
* Record earnings per share of $0.022, an increase of 100%.
* Cash and cash equivalents, and term deposits, improved to $2.4 million.
* Working capital improved to $2.73 million.
* Launched a new product, Water-TraX, which is a proprietary advanced satellite telemetry device, designed specifically for water management environmental monitoring.
* Launched our second-generation hardware of the RV integrated controller, which expanded our technological capabilities and was a key driver for Fiscal 2023’s success.
Key Fourth Quarter 2023 Highlights
* Record revenue of $714 thousand, an increase of 52%
* Hardware revenue of $456 thousand, an increase of 113%
* Communication or recurring revenues of $190 thousand, an increase of 26%.
* Gross profit of $509 thousand, an increase of 63%
* Cash provided by operating activities of $229 thousand, an increase of 26%.
* Net income of $252 thousand, an increase of 29%.
* Earnings per share of $0.01.
Neil Magrath, CEO of Total Telcom commented, “By all measures, 2023 was a remarkable year, and Total Telcom has once again demonstrated its leadership in remote asset monitoring and communication solutions. With several commercialized products in the market, of which most have a recurring revenue stream, our business model is demonstrating success. Our teams are focused on expanding our collaborations with distributors and manufacturers to execute our growth strategy across all product lines. The successful launch of our second-generation RV integrated controllers, is an important catalyst in our long-term growth strategy. These new hardware units are being installed and integrated at the RV assembly level, we’ve just announced another important addition to this core technology in Q1, 2024: the SATrv initiative, which allows us to generate recurring subscription-based data communication revenues. In addition we unveiled our unique water, weather and environmental monitoring product Water-TraX in Q2, 2023, which has already proven its global market potential and is receiving promising interest from commercial partners. Our teams’ commitment and dedication to helping solve our clients’ complex challenges continues to be the ultimate driver of our success.”
Total Telcom Inc
Consolidated Statements of Income and Comprehensive Income
For the Years Ended June, 2023 and June 30, 2022Total Telcom Inc
Consolidated Financial Statements of Financial Position
For the Years Ended June, 2023 and June 30, 2022Total Telcom Inc
Consolidated Statements of Cash Flows
For the Years Ended June, 2023 and June 30, 2022-
October 3, 2023
Total Telcom Announces the Launch of SATrv, a Satellite-based Telematics System for the Recreational Vehicle Marketplace
The Company has Received an Initial 1000-Unit Order of SATrv Hardware from a Leading RV SupplierKelowna, B.C., September 5, 2023 – Total Telcom Inc. (TSX.V: TTZ) (OTC Pink: TTLTF) (“Total Telcom” or the “Company”), a leading developer and provider of remote asset tracking, data monitoring and communication solutions, announces the launch of SATrv, a next-generation telematics product for the recreational vehicle marketplace. Following the launch of SATrv, Total Telcom received its first 1000-unit order from a renowned RV supplier.
SATrv is a first-of-its-kind solution for the recreational vehicle marketplace, providing users with enhanced vehicle safety and security through features including emergency services, GPS location, vehicle tracking, and remote diagnostics. Global coverage and access to SATrv is powered by the Iridium Network.
The SATrv system is available in two different models: Integrated SATrv, a plug-and-play module installed in vehicles at the factory level; and the Standalone SATrv, which is portable and powered by a standard 12-volt battery socket. The portable feature extends applications to other markets including boats, airplanes, or cars. Users can connect wirelessly to the SATrv system via any smartphone, tablet, or laptop with its built-in app. Data communication plans are sold separately by Total Telcom in recurring monthly or annual subscriptions, providing users with global connectivity and coverage.
SatRV provides the following features:
* Global Text Messaging
* Friends & Family (RV Locates)
* Remote Diagnostics & Control
* Virtual Panic/Emergency Button
* TrackingTotal Telcom will commence shipping hardware for SATrv units in Q1 2024, each of which will include an annual plan for data communication. This complimentary one-year subscription data is integral to Total Telcom’s growth strategy, whereby expanding its install base will facilitate greater long-term recurring subscription data revenues.
Neil Magrath, CEO of Total Telcom commented, "SATrv is a ground-breaking service designed to revolutionize the way RV enthusiasts experience the open road, providing them with peace of mind and convenience. With SATrv, powered by the Iridium Network, we're bringing safety, security, and global connectivity to the world of recreational vehicles in a way that has never been done before. As satellite network costs continue to decline, we’re witnessing the emergence of new rapid-growth markets, and our teams take great pride in pioneering inventive solutions for areas without cellular coverage.”
About SATrv
A satellite-based telematics system for the recreational vehicle marketplace. Using the latest technologies to provide a cost-effective practical approach to extend your peace of mind beyond cell coverage and paved roads. To learn more, please visit www.satrv.com.
About Total Telcom
Total Telcom, through its wholly owned subsidiary ROM Communications Inc. (ROM) is a leading developer and provider of remote asset monitoring, tracking, and communications products and services. ROM specializes in the development of innovative wireless communications that provide low cost, high tech monitoring, tracking and remote control solutions for commercial, industrial and consumer applications. ROM is uniquely positioned and qualified to deliver complete web to wireless solutions that enable companies and organizations to remotely monitor, track and control their fixed and mobile assets with a web browser from any Internet enabled PC.Products and services are based on ROM’s web to wireless technology and proprietary 2nd generation hardware & software marketed as TextAnywhere, ROM Controllers, ROMTraX, MotoTraX, TraX, DataTraX, WaterTraX, SiteTraX, CamTraX, AlarmTraX, and SATrv. These modules are wireless modems that utilize microcomputers integrated with sensors, GPS engines and various inputs and outputs and interfaced by the user through the Internet. ROM is an authorized airtime reseller and hardware developer for satellite, cellular and wireless IP Networks.
For additional information on Total Telcom, visit www.totaltelcom.com
Contact Information
Neil Magrath, CEO
neil@totaltelcom.com
-
September 5, 2023
Total Telcom Receives Initial Order from a US Armed Forces Agency for its Proprietary Water-TraX Products and Services.Kelowna, B.C., September 5, 2023 – Total Telcom Inc. (TSX.V: TTZ) (OTC Pink: TTLTF) (“Total Telcom” or the “Company”), a leading developer and provider of remote asset and data monitoring, and tracking products and services, announces that it has been selected by a department of the US Armed Forces (the “Agency”) to conduct sole source testing for its Water-TraX products, resulting in an initial order.
Water-TraX is Total Telcom’s proprietary advanced satellite telemetry device specifically designed for water management and environmental monitoring. Operating on the Iridium Global Satellite Constellation, Water-TraX has multiple industrial and environmental applications as it can be used to track and measure the quality and frequency of water and air/wind and weather patterns, temperature, pressure, soil erosion, moisture, and chemical applications. Initial field testing of Water-TraX by a department of the US Armed Forces concluded that “a fleet of Water-TraX weather stations would be a great addition to the Geophysics weather sensor network”.
Neil Magrath, CEO of Total Telcom commented, "We’re honoured to receive an initial order and to have been chosen by a US Armed Forces agency for testing and deployment of our Water-TraX solution. There’s no product quite like ours on the market, and becoming a partner of the US Armed Forces is an important validation of Total Telcom’s technology, products and solutions. As our products continue to gain traction in the marketplace, our teams are working to forge new partnerships that will expand our customer network and propel our commercialization strategy forward.”
About Total TelcomTotal Telcom, through its wholly owned subsidiary ROM Communications Inc. (ROM) is a leading developer and provider of remote asset monitoring and tracking products and services throughout North America. ROM specializes in the development of innovative wireless communications that provide low cost, high tech monitoring, tracking and remote control solutions for commercial, industrial and consumer applications. ROM is uniquely positioned and qualified to deliver complete web to wireless solutions that enable companies and organizations to remotely monitor, track and control their fixed and mobile assets with a web browser from any Internet enabled PC. Products and services are based on ROM’s web to wireless technology and proprietary 2nd generation hardware & software marketed as TextAnywhere, ROM Controllers, ROMTraX, MotoTraX, TraX, DataTraX, WaterTraX, SiteTraX, CamTraX and AlarmTraX. These modules are wireless modems that utilize microcomputers integrated with sensors, GPS engines and various inputs and outputs and interfaced by the user through the Internet. ROM is an authorized airtime reseller and hardware developer for satellite, cellular and wireless IP Networks.
About Water-TraXWater-TraX is Total Telcom’s proprietary advanced satellite telemetry device, designed specifically for water management & environmental monitoring.
By incorporating smarter electronics with the power to pre-process the data in the field, store the raw data and implement near real time alarms, Water-TraX can reduce the size and frequency of satellite transmissions without compromise.
For additional information on Water-TraX, visit www.water-trax.com
For additional information on Total Telcom, visit www.totaltelcom.com
Contact Information
Neil Magrath, CEO
neil@totaltelcom.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
-
July 10, 2023
Total Telcom Enters into Private Label Manufacturing and Supply Agreement with a Leading Global Instrument Technology Company for its Proprietary Water-TraX Products and Services• Water-TraX is Total Telcom’s proprietary satellite telemetry device specifically designed for water management and environmental monitoring
• The Agreement will be Total Telcom’s first global product launch and will allow the Company to rapidly expand its customer base and recurring revenues without additional marketing and sales expenditures
• Shipments of the first Water-TraX products are expected to commence in fiscal Q1 2024Kelowna, B.C., July 10, 2023 – Total Telcom Inc. (TSX.V: TTZ) (OTC Pink: TTLTF) (“Total Telcom” or the “Company”), a leading developer and provider of remote asset monitoring and tracking products and services, announces it has entered into a non-exclusive, private label manufacturing and supply agreement (the “Agreement”) with a leading global instrument technology company (the “Partner”).
Under the terms of the Agreement, Total Telcom will supply the Partner with its user-branded Water-TraX hardware and software telematics solutions. The Partner will then sell these products to its own wide-ranging global customer base. Additional terms of the Agreement dictate that Total Telcom will host the website and retain all communication revenues.
Water-TraX is Total Telcom’s proprietary advanced satellite telemetry device operating on the Iridium Global Satellite Constellation, specifically designed for water management and environmental monitoring. Water-TraX has multiple industrial and environmental applications as it can be used to track and measure the quality and frequency of water and air/wind and weather patterns, soil erosion, moisture, and chemical applications.
This strategic partnership marks an important milestone for Total Telcom as it will be the Company’s first global product launch. Worldwide, climate change is contributing to environmental issues that are driving up the demand for advanced water and weather data monitoring solutions that are beyond the limited coverage of traditional cellular based telemetry systems. The global launch of Water-TraX provides the most cost effective, versatile, and easy to install satellite telemetry system for advanced water and weather monitoring.
The Water-TraX product provides Total Telcom with two revenue streams, stemming from both the sale of the Water-TraX hardware and ongoing recurring revenues from corresponding data tracking and monitoring services.
The Company anticipates the shipment of the first order of the Water-TraX hardware to its Partner to commence in the first fiscal quarter of 2024.
Neil Magrath, CEO of Total Telcom commented, "After dedicating 18 months to the development of our proprietary Water-TraX technology, this pivotal milestone is an example of how quickly our product is gaining industry acceptance and approval. We are working with a number of other major instrument manufacturers, and it is these types of unique partnerships that are key to our growth strategy as they allow Total Telcom to expand into global markets with scale. We are committed to providing our Partner with the most innovative and effective telematics solutions, and we look forward to a productive and successful partnership.”
About Total Telcom
Total Telcom, through its wholly owned subsidiary ROM Communications Inc. (ROM) is a leading developer and provider of remote asset monitoring and tracking products and services throughout North America. ROM specializes in the development of innovative wireless communications that provide low cost, high tech monitoring, tracking and remote control solutions for commercial, industrial and consumer applications. ROM is uniquely positioned and qualified to deliver complete web to wireless solutions that enable companies and organizations to remotely monitor, track and control their fixed and mobile assets with a web browser from any Internet enabled PC. Products and services are based on ROM’s web to wireless technology and proprietary 2nd generation hardware & software marketed as TextAnywhere, ROM Controllers, ROMTraX, MotoTraX, TraX, DataTraX, WaterTraX, SiteTraX, CamTraX and AlarmTraX. These modules are wireless modems that utilize microcomputers integrated with sensors, GPS engines and various inputs and outputs and interfaced by the user through the Internet. ROM is an authorized airtime reseller and hardware developer for satellite, cellular and wireless IP Networks.
About Water-TraX
Water-TraX is Total Telcom’s proprietary advanced satellite telemetry device, designed specifically for water management & environmental monitoring.
By incorporating smarter electronics with the power to pre-process the data in the field, store the raw data and implement near real time alarms, WaterTraX can reduce the size and frequency of satellite transmissions without compromise.
For additional information on Water-TraX, visit www.water-trax.com/
For additional information on Total Telcom Inc., visit www.totaltelcom.com
Contact Information
Neil Magrath, CEO
neil@totaltelcom.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
-
June 21, 2023
Total Telcom Appoints Paul Andreola to Its Board of DirectorsTOTAL TELCOM INC. (TSX Venture:TTZ)a leading developer and provider of remote asset monitoring and tracking products and services, is pleased to announce the appointment of Paul Andreola to the Company's Board of Directors (the "Board"), effective July 1, 2023.
Mr. Andreola is a highly regarded finance and investment professional with over two decades of experience in capital markets and corporate finance who has helped secure more than $100 million in funding for early-stage private and public companies. Mr. Andreola is currently the CEO and Director of NameSilo Technologies (CSE: URL) and serves as an independent director of Atlas Engineered Products (TSX.V: AEP), and Departure Bay Capital (TSX.V: DBC.P). Previously, Mr. Andreola was a licensed investment advisor and founder of multiple technology companies.
Neil Magrath, CEO of Total Telcom stated, "On behalf of the Board, I am pleased to extend a warm welcome to Paul Andreola, whose extensive knowledge of capital markets and corporate finance will be invaluable as we embark on the next phase of our growth trajectory. With Total Telcom having recently launched several new telematics products, we look forward to leveraging Paul's guidance and strategic insights as the Company continues to mature."
Paul Andreola commented, "I am excited to join Total Telcom as I believe it is at a key inflection point that will see it expand its product pipeline and market reach. Having recently launched several new telematics solutions which position it as a leader in the field, Total Telcom's robust business model allows it to excel in several lucrative niches, with an increasing focus on long-term recurring revenues. I look forward to collaborating with Neil and the rest of the Board and leveraging our collective experience to help the company execute on its vision."
Total Telcom further announces that it has granted incentive stock options (the "Options") to certain directors, officers, and consultants of the Company to acquire an aggregate 175,000 common shares in the capital of the Company at an exercise price of $0.34 in accordance with the Company's 10% rolling incentive stock option plan. The options are exercisable for a 5-year term expiring July 1, 2028, and will become fully vested immediately.
Mr. Andreola is a highly regarded finance and investment professional with over two decades of experience in capital markets and corporate finance who has helped secure more than $100 million in funding for early-stage private and public companies. Mr. Andreola is currently the CEO and Director of NameSilo Technologies (CSE: URL) and serves as an independent director of Atlas Engineered Products (TSX.V: AEP), and Departure Bay Capital (TSX.V: DBC.P). Previously, Mr. Andreola was a licensed investment advisor and founder of multiple technology companies.
Trading symbol: TTZ: TSX Venture
For further information regarding this press release please contact Neil Magrath, CEO at neil@totaltelcom.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
-
May 23, 2023
Total Receives 2nd RV OrderTOTAL TELCOM INC. (TSX Venture:TTZ)announced today its wholly owned subsidiary ROM Communications Inc. has received a second RV controller order valued at $250,000.00. This order will be filled in the next several weeks by stock on hand and trigger a production run for new orders.
The integration of ROM’s new RV controller is meeting managements expectation and is on schedule to replace all the first-generation controllers currently used by our partnered HVAC supplier by the end of June, 2023.
Trading symbol: TTZ: TSX Venture
For further information regarding this press release please contact Neil Magrath, CEO at neil@totaltelcom.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
-
December 15, 2022
Total Enters Recreation Vehicle MarketTOTAL TELCOM INC. (TSX Venture:TTZ)announced today its wholly owned subsidiary ROM Communications Inc. has completed the design, development and is currently in production of a purpose built advanced Recreational Vehicle heating/water control system.
ROM has supplied nearly 4,000 proprietary WiFi heater control modules to RV manufacturers through a major US Supplier since 2020. These modules were integrated into existing RV control systems to provide advanced heater functions and diagnostic support. The value-added components resulted in a significant reduction in warranty related support and service requests.
The successful integration led to a memorandum of understanding "MOU" with the US Supplier for ROM to develop, supply and support a new "Smart" control system that would:
* Accommodate the Industry RV-C Protocol.
* Support Integration with various RV Systems & Manufacturers.
* Provide Satellite Integration for Remote Diagnostics, Tracking, Safety & Connectivity.The controller was developed over the last 18 months and will be phased in starting January 1, 2023. New controller revenues are expected to exceed $1 million annually plus complimentary sales of satellite modems and data plans. ROM is currently processing its first order worth $240,000 for immediate delivery.
Trading symbol: TTZ: TSX Venture
For further information regarding this press release please contact Neil Magrath, CEO at neil@totaltelcom.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
-
December 5, 2022
Total Introduces New Satellite TelemetryTOTAL TELCOM INC. (TSX Venture:TTZ) announced today its wholly owned subsidiary ROM Communications Inc. is launching "Water-TraX", a proprietary Satellite Telemetry System at the National Ground Water Association Groundwater Expo (booth #378) in Las Vegas on December 7th, 2022.
Water-TraX is an advanced satellite telemetry device operating on the Iridium Global Satellite Constellation. Designed specifically for water management & environmental monitoring, Water-TraX is the most cost effective, versatile and easiest to install satellite telemetry system available today www.water-trax.com.
Rising water levels, draught, record melting, flooding, intense rain, and extreme weather drives the need Globally for more and better monitoring beyond the limited coverage of cellular based telemetry systems. Water-TraX will support at risk communities for flooding, agriculture producers, fisheries, forest management, soil erosion and oilfield operations.
ROM is actively looking for distributors and is currently in discussions with several instrument manufactures for distribution rights in Europe and North America.
Trading symbol: TTZ: TSX Venture
For further information regarding this press release please contact Neil Magrath, CEO at (250) 860-3762.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
-
July 10, 2023
-
September 5, 2023
-
October 3, 2023
Company Filings
All public documents for Total Telcom are published on sedar.com
Team
Current board of directors
Neil Magrath
Chief Executive OfficerPresident & CEO of the Corporation
Scott Allen
Chief Financial OfficerDirector & Chartered Professional Accountant Allen & Associates
Wayne Jamieson
DirectorTechnical Consultant
David H. Hammermeister
DirectorChartered Professional Accountant MNP, LLP
Paul Andreola
DirectorCEO and Director of NameSilo Technology Corp (CSE:URL) and Director for Atlas Engineered Products Ltd. (TSXV:AEP)
20 years of business development and financial markets experience for early-stage companies. Previously a licensed investment advisor for over 10 years
Contact
For investor relations, see the contact information below and sign-up for updates.
Location:
540 - 1632 Dickson Ave, Kelowna BC, V1Y 7T2
Email:
info@totaltelcom.com
Call:
+1 250 860 3762
-
October 10, 2023
-
October 23, 2023
-
November 30, 2023
-
February 28, 2024