Feb 19, 2024 / 09:00PM GMT
Daniel Verret Adacel Technologies Limited-CEO
Thank you, Harmony. Good morning, everyone, and thank you for joining us this morning. With me on the call is Michael McConnell, Chairman of the Board of Directors of Adacel, and Michael Saunders, our Vice President of Business Development. Today, we released our financial results for the first half of FY 2023. Our performance was negatively impacted by a reduction in revenues from our ATOP program in North America as well as delays in a planned delivery of a remote tower system in Estonia caused by the ongoing conflict in Ukraine.
And despite these setbacks. We remain confident in our ability to win several contracts within the next 18 months, both from new and existing customers. Across our three product lines. We continue to make progress in securing meaningful contracts with our Maxim product. We are also active on a number of potential opportunities with respect to our Aurora air traffic management system.
And lastly, there continues to be high interest in the industry for our virtual tower capabilities. Given our success in
Half Year 2024 Adacel Technologies Ltd Earnings Call Transcript
Feb 20, 2024
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