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RightCrowd Investor Newsletter

September 2022

     

RightCrowd attended GSX this year in Atlanta

Brought to you by ASIS International, the world’s largest membership organization for security management professionals, GSX brings the entire world of security together in one place.

Watch a recap of GSX 2022 with RightCrowd:

GSX wrap up FInal-1

At GSX 2022, the RightCrowd team generated over 100 new leads of security leaders from major organizations from all around the world such as Tesla, Wells Fargo, Infineon Technology and more! Our software security solutions are unique and distinguished themselves amongst the other products. RightCrowd's patent-awarded security wearables solution, Presence Control, was also featured in JCI's Innovation Lab this year.

 

In addition, our COO, Brian Mcllravey, explained Access Chaos to over 30,000 viewers live on an interview with Chuck Harold. Watch the interview below.

2806_rightcrowd.com_with_brian_mcilravey_at_gsx_2022,_atlanta (720p)
     

New Presence Control feature: Visitor Tethering

Presence Control Badgehold

RightCrowd Presence Control for Visitor Management transforms the entire visitor management experience.

 

With the addition of the new visitor tethering feature, not only can organizations now enforce their host/escort policies but the feature also enhances the products existing function for visitor management.

When a visitor checks in at the reception desk, a RightCrowd Digital Badgeholder with a standard visitor badge inserted is automatically activated. The badgeholder will start to show either a fixed color (which you can select in the RightCrowd Presence Control Dashboard) or an unpredictable sequence of colors (you determine the frequency of the change in color, for example every 10 minutes).  

 

In addition to visually showing that the visitor correctly checked in, the badgeholder will also start to send out an electronic signal using Bluetooth Low Energy (BLE). This enables you to benefit from one or more of the following presence control functionalities: 

  • Ensure visitors do not go into areas where they should not go. By putting up one of more RightCrowd BLE Gateways, you can add a virtual area of protection in certain areas in your facility. If one of those gateways would detect a visitor, an alert is being created, which in turn could trigger a security guard to escort the visitor back to an authorized area. 
  • Monitor where visitors have been. By deploying RightCrowd BLE Gateways in areas where visitors typically go (e.g. meeting area, visitor floor), you will be able to monitor and log where a visitor was while on site.  
  • Enforce visit end time. At the time of activation you can optionally include a visit end time. In case a visitor would not have checked out by that time, the visitor’s badgeholder will indicate that the visit end time was reached by blinking red until the badge holder is being returned. 

The truly unique functionality is the tethering of one or more visitors to their host. Many organizations have host/escort policies that expect each host to make sure that visitors remain with them at all times during the visit. While such policy makes a lot of sense, it is hard to enforce such policy. That changes with RightCrowd Presence Control. 

 

Using the complementary RightCrowd mobile application, a host can simply tether one or more visitors. Once visitors are tethered to their host, the host will receive a warning on the phone when one of the visitors wanders off too far. At the same time the visitor’s badgeholder will start flashing (first yellow, then red), indicating to everyone else that that visitor is no longer with his/her host. 

 

A short video showing the solution in action is available via this link.

     

RightCrowd releases FY22 results

The Company released its Annual Report and Investor Presentation on the 26th of August on the ASX.  FY22 sales revenue was $15.1m for the annual period (1% reduction versus FY21) reflecting challenging trading conditions, particularly for the Presence Control business unit which saw a reduction in demand for its contact tracing solution.

 

Annual Recurring Revenues (ARR) increased by 5.1% to $8.5m as at the end of FY22 (end-FY21: $8.1m). RightCrowd added new customers and increased recurring contracts with existing enterprise clients that helped drive the increase in overall ARR, despite churn of Presence Control customers during the period

For more detail on the results access:

  • The FY22 Annual Report here
  • The FY22 Investor Presentation here
     

RightCrowd Supports Continued Growth with Appointment of Two New Vice Presidents

 

We are welcoming Dan Ireland and Lenora Thomas to the team. Read the full press release here.

Lenora Thomas

VP of Operations

Dan Ireland Black and White-1

Dan Ireland

VP of Partners and Alliances

     
AA on Comp

The CTO Corner: Calm amongst Chaos

Bryan Jones, CTO

 

I spend the majority of my time working with our customers, who are some of the biggest companies in the world, and ensuring that we are maintaining our market lead within the safety, security and compliance space.

 

I am often asked what I really do. My standard response is “I keep people safe." This can lead to some interesting conversations where people think that I am either a policeman or a spy. A challenge I give to most people and companies is to describe what they do in five words or less. In the investment market - even the best people from the best MBA schools and firms really struggle to do this.

 

For RightCrowd, right now, it is extremely simple… we create calm amongst chaos.

A few key points I would like to give on the industry and how we are very well positioned with our portfolio and delivery capabilities.

 

The economy is not “normal” right now

Across the globe we are seeing inflation levels that we have not seen for many decades. Unemployment is low. Skilled labor is very hard to find and unemployment is at record lows.

 

Why does this matter? Well physical security and safety systems are notoriously hard to “rip and replace." Companies are deferring the decision to do this– but they need to balance this against the need to remain compliant to their own customers and investors.

 

RightCrowd’s portfolio is uniquely placed to highlight the size of the problem and then progressively solve it. Our Access Analytics solution can be up and running in under a week, where our competitors will take months or years on a full scale IT deployment.

 

Experience matters

Many companies and executives have not been through this “chaos” before. We have. Our executive team has. RightCrowd has been solving this from the very beginning of our existence.

 

On a company front, these are things we can solve immediately:

  • How are you planning for your workers to return to the office?
  • Are you sure they are allowed there?
  • Are you really sure?
  • How do you make sure your people are safe if they only come into the office a few times a year?
  • With so many people changing roles and departments, how do you prove that they can’t do bad things?
  • Are you sure? Prove it to me.

 

Visitors are coming back

After almost three years of a global pandemic, the world is finally starting to return to normal. Your employees will start returning to the office more often but more importantly there will be a surge in visitors and contractors who have never been to your building. How do you know where they are? How do you know they are safe? How will you prove it?

 

Once your organization starts welcoming the surge of new visitors and contractors on a daily basis, the implementation of RightCrowd Presence Control with its unique and newly released visitor tethering functionality will ensure that these individuals are where they need to be and immediately make this visible to everyone present.

 

What makes it powerful is that it can be deployed tomorrow without any integration to a visitor management system or existing access control system. You can immediately know whether you have lost someone or someone is in a restricted area - but most importantly we can prove how long a visitor was absent from their host, which is a "must have" for regulated industries. Our solution is very unique and powerful here, with the alternative to prove compliance being to trawl through hours of video footage and event logs.

 

It's cloud based and deployable immediately. To our customers, handing them a RightCrowd wearable instead of a simple paper or plastic badge will make a clear statement that your organization takes security seriously.

 

Our wearables automatically activate after successfully signing in, making the visitor's experience easy and seamless. A huge advantage for your organization is the tethering feature, at the start of the visit your hosts can tether their visitors resulting in the system continuously tracking whether the visitors remain close to their hosts.

 

This is just one new use case that builds on our patented presence control platform. We have recently been partnering with Johnson Controls (JCI), a leader in the security and safety industry, on a highly innovative integration between our wearables and their system that is targeted at high value IP protection.

 

Imagine if you are creating the next iPhone, the next Nike sneaker or working through an M&A deal - you need to know that everyone in the room is allowed to talk and see it. But how is it done today? Well usually by personal trust, and we all know that people make mistakes and incorrect assumptions.

 

We can do it visually. We can merge it with people counting data. We provide an evidence trail if something goes wrong.

 

Read our press release on our Presence Control showcase at the JCI Innovation Lab here.

Visitor-Tethering-Phone-App
 
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RightCrowd, 1201 3rd Ave, Suite 1600, Seattle, WA 98101

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