ENG - Engin Limited

Nice little run this morning, gee the board meeting must have some good news for us.

Dick smith catalogue in the mail today, advertising the Engin 2 for 1 offer today

ENGIN LAUNCHES BREAKTHROUGH VOIP ALL-IN-ONE
DEVICE TO DELIVER BROAD CONNECTIVITY FEATURE SET

engin’s Voice Box Series 3 all-in-one combines wireless router and ADSL modem functionality with VoIP service

Sydney, 9 May 2006: engin today set a new benchmark in VoIP services, which improve cost savings while reducing phone and computer complexity for Australians, with the launch of the all-in-one engin Voice Box Series 3.

The engin Voice Box Series 3 converts normal analogue phone signals to digital and sends them over a broadband connection allowing ADSL broadband users to connect their existing telephone line to make and receive calls from their current telephone number and at the same time benefit from engin’s low cost local, national, international and mobile call rates.

engin’s Voice Box Series 3 incorporates plug and play simplicity, allowing home and business users to make calls to and receive calls from any landline, international destination and mobile phone over their existing broadband Internet connection. engin Voice Box Series 3 is one the most advanced VoIP units on the market and includes a range of exciting new features:

! ADSL/ADSL2+ modem so end users can connect to their Internet Service Provider (ISP)

! Connect up to two engin services plus the option of connecting your existing phone line so that you can still receive phone calls from your existing phone number

! Wireless Router allows end users to connect additional devices to the Internetusing a wireless and wired connection

! Automatic detection and configuration of both the engin service and modem and router

! Four Ethernet ports and comprehensive security features such as a double firewall, Denial of Service (DoS) attack prevention and intrusion detection and prevention (IDS) engin Voice Box Series 3 also includes voicemail, call waiting, call forwarding, caller ID, call line ID and turbo dialing.

“The day-to-day demands of telephony and desktop computing have just become a lot easier and cheaper with the all-in-one engin Voice Box Series 3,” said Ilkka Tales, Chief Executive Officer, engin. “engin is committed to helping Aussies drive down the cost of their home or office phone bills, while removing the complexity of today’s digital devices. We are very excited with the features of the new engin Voice Box Series 3, which puts even more simplicity, control and massive savings in the hands of our customers.”

Built by NETGEAR, the engin Voice Box Series 3 includes a money back guarantee, 30 day trial and two year NETGEAR warranty. engin Voice Box Series 3 will be available for $319 RRP in Australia from late June 2006 on the shelves of Australian retailers , through engin’s resellers or direct at www.engin.com.au and 1300 305 000.

ij

ENGIN ANNOUNCES NEW VOIP WORLD FIRST

engin collaborates with Optima to revolutionise desktop VoIP for home and office

Sydney, 9 May 2006: engin, the Australian broadband phone company, today
announced a new VoIP solution for desktop PCs. In collaboration with Optima,
Australia’s largest technology manufacturer of personal computers, notebooks and servers, engin is making VoIP connectivity easier than ever with a new desktop PCbased solution.
The companies have developed this revolutionary built-in capability which enables users to make VoIP calls through their standard telephone by taking advantage of the PCs existing broadband internet connection. engin’s solution will be made available on selected makes and models of Optima’s desktop PC products from late June this year.

Commenting on the collaboration, Ilkka Tales, CEO, engin, stated: “We are excited to be raising the broadband bar another notch in this new VoIP solution, which will change the way VoIP is used at the desktop. By pioneering this new technology with Optima, users can enjoy the substantial savings delivered by broadband telephony by connecting a standard phone straight to their desktop.”

“Optima is committed in bringing first to market new technologies by combining user communications with premium Australian custom built IT systems,” added Cornel Ung, Managing Director, Optima.


ij

About the above releases

they were marked as price sensitive
but really there is not that much price sensitive info there

they did not release subscriber numbers/income etc formally to us



ij

I just tried to call them to get more information about getting a voice box 3 and after 30 minutes hold the call dropped. Not a good first impression

While this announcement may not be price senistive, if they follow this up with good subscriber numbers, then I can see this stock taking off (not that it hasnt already). The more I look at this company the more I like it, technology wise.

And as far as the 30 minute wait... hoping thats because of heaps of new subscribers... although more likely you phoned at lunchtime

ijudge said:

About the above releases

they were marked as price sensitive
but really there is not that much price sensitive info there

they did not release subscriber numbers/income etc formally to us



ij

Click to expand...

Can't agree with you here ijudge.

Although there were no subscriber numbers/income released, surely the fact that there is this 'affiliation' with Optima, (in Engin's words...Australia’s largest technology manufacturer of personal computers, notebooks and servers), would be enough to drive the sp upwards.

It is understanding that Optima computers sold after the end of June this year will already come equipped to use voip...therefore eliminating the need for an ATA (analogue Telephone Adapter)...thus enticing even more people to try this new (fantastic and cheap) VoIP technology.

So although I do agree with you ij that the announcement that we have been waiting for...the subscriber and possible break-even figures hasn't come yet...I do believe that this / these announcements are very positive signs for this company and this sp. :dance:

Fab said:

I just tried to call them to get more information about getting a voice box 3 and after 30 minutes hold the call dropped.

Click to expand...

Seem they may have jumped the gun for some reason. The last sentence of the press release says "available for $319 RRP in Australia from late June 2006".

Actually - the timing of the announcement may actually be quite deliberate in coming early.

The inclusion of VoIP with Optima laptops will perhaps give a few people buying before the end of the financial year some food for thought.

Remember, laptops can be salary sacrificed, so I Think Engin's timing is great - it sends the message "Wait, we can give you more if you can hold on until end of June" at a time when those eligible are likely to be running the numbers on taking up salary sacrifice options.

With respect to the Voice Box 3 - mmm....premature, perhaps. But then you can also take the view that they're sending a message to the market that they're development schedule is on target (I recall up to 9 new products in this year are to be released).

This may be why the announcements are marked price sensitive, as it again demonstrates Engin's ability to deliver on management's commitments.

crazyadventures said:

Actually - the timing of the announcement may actually be quite deliberate in coming early.

Click to expand...

Or it could coincide with the start of the CeBIT trade fair at the Darling Harbour Convention and Exhibition Centre in Sydney. Some 30,000 visitors are expected to make the trek to CeBIT Sydney over the three days.

"VoIP service providers are moving beyond the early adopter stage, but companies with stands at CeBIT are still expecting plenty of new users."

"Engin is using CeBIT as an opportunity to show how VoIP hardware can be built into PCs, allowing users to plug a handset into the back of their computer, rather than buy a separate box. Chief executive Ilkka Tales said the launch of so-called naked DSL products - an ADSL connection without a traditional voice phone line - would drive demand."

Holy ****! Onboard/PCI "voice boxes" is a BRILLIANT idea!!! Can you imagine the computers you buy from Harvey Norman and the like coming with a built in internet phone. They could print your new phone number on the front of the computer, package a cheap phone with the thing or get you to buy one, and as soon as you plug in your internet your phone just works.

That is an unbelievable idea! I use engin and have for quite a while now (over a year!) and its an excellent service, so cheap and easy to use and great quality.

I wasn't entirely convinced of this company, but ideas like that make it seem destined for success!!

It's great news, what it will do is help sustain the current sp, or keep it close either way

DOn't forget kids - the Tassie BPL trial is going well, with Engin providing the voip over a powerline which will carry broadband

Imagine the sub numbers from tassie alone.

On track for 6 month launch.

Happy days ahead

Forum

we all seem to be positive about ENG
and I am
I think realistically they could well be worth $1 over the next 3 - 6 months.

Just a word about Optima computers
have a look at their company ASX:OPI
not very healthy company!!!!

Q: What is the lowest a stock can go? $0.005 per share???


perhaps a big retailer would be a better partner?

ij

Another interesting product at CeBIT was at the PBA/IBurst stand. They have a VoIP Phone with a iBurst wireless modem built in. iBurst, owned by Commander runs a wireless broadband network in Sydney, Melbourne and Brisbane. As its wireless, there is no need for Telstra PSTN line or line rental. "It was an all-in-one standard black desktop phone with an Antenna sticking out the side." The unit was registered with the Engin BYO service with was reported to have good voice quality.

Looks like a good alternative to to the expensive Telstra land line.

ijudge said:

Forum

Just a word about Optima computers
have a look at their company ASX:OPI
not very healthy company!!!!

ij

Click to expand...

FYI ASX:OPI is actually an investment vehicle under the "Optima" umbrella. Whilst owned by the same parent company, Optima Computer and Optima ICM are not the same thing.....

Takeover target?

Guys/girls - I had a very interesting discussion with a few colleagues and professional acquaintences in the IT industry about Engin and their market position.

One individual had the view that Telstra may be behind the eight ball with their roll out of VoIP for residential and Engin MAY be a prospective takeover target.

Whilst I don't quite see how Telstra could finance such a deal (although if the T3 sell off of government remainder goes ahead, that might change), what are people's thoughts on likelihood and implications?

It would seem logical.
The sp would have to go up a lot for us, I don't know how to do the figures though.

Anyone???

Looking at the technical aspect Engin's service is not optimal and there is more work to be completed. For Telstra to take over the service I would imagine it would have to be operating at a very high standard, if not Telstra should be able to easily implement their own VOIP network and compete. The advantage with Telstra's their existing customers and bundling ideas.

I don't believe Telstra will enter the market quickly. PSTN line rentals and call charges make Telstra very good profit and cutting into your bread and butter is never a good thing, although they will have to at some point because Engin and others are nibbling at that area.

Just my

http://www.brr.com.au/event/ENG/1744/10960/wmp

this is worth a look...and listen.

It's an interview with Ilka Tales about Eng. Interesting mention at the end about the VoIP 'revolution' and Eng's competitors.