This penny stock has signed a deal with Royal Dutch Shell!

Penny a penny a deal with a stock FTSE 100 Jagarnot is a very rare thing. And when that happens with a stock I already own, I’m more inclined to notice it. Therefore, I am delighted to release the latest news from i-Tracking Tech Firm Seeing the machine (LSE: SEE) This morning.

Ring endorsement for this penny stock

As a deal, it’s the top drawer thing. Today, Watch Machines has announced a global framework agreement with top-tier oil giants Royal Dutch Shell Its confusion and fatigue provide technology – otherwise known as Guardian – Next ship as part of its overall risk management plan.

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Given that its personnel cover approximately 500 kilometers per year (and what they are transporting may be rather flammable), this agreement is clearly understood from a safety standpoint.

Naturally, this agreement will take some time to fully implement. According to today’s statement, the technology installation of sewing machines is likely to start this year. However, the perfect scale of shell activity could mean a rollout. “Several years“.

Still, an approval from Shell is crucial to my eyes. If you have one of the largest listed companies in the UK that makes it clear how much they value driver safety, I think it’s fair to expect others to follow suit.

Naturally, it is very easy to be biased in already owned stocks. However, since the company is a global leader in this space, I find it difficult to remain neutral in this area. Machine view ‘ Business

Great view

Of course, in today’s deal I have a reason to hold the stock. At the moment there are many pie fingers to see the machines. And, for me, Guardian Part of the business actually At least The exciting part.

What really caught my attention was the huge earning potential of its automotive department. In August, Penny Stock Royalty reported revenue early because its Driver Monitoring System (DMS) was loaded with 100,000 vehicles through tech left showrooms. With the introduction of new legislation likely to increase demand, the company has already identified a potential revenue of over $ 900 million for which it can / will now bid.

On top of this, Seeing the machine Steps are also being taken in the aviation sector. It is difficult to fully understand the exact number of beauty-potential applications of confusion-detection technology.

Long-term winner?

Naturally, any investment carries risk. Showing machines is no exception. Despite having a market cap of around 350m, it is AIMListed businesses are still unprofitable. This makes it particularly sensitive to general sales. During the latest market crash, for example, SEE’s share price fell from 5.5p in January 2020 to just 1.7p in March. It now highlights the 9.8p, huge volatility Penny stock hunters should expect. The possibility of future cash calls cannot be left off the line either.

Will be with nickel mine Horizon MineralsHowever, machine viewing is one of the few stocks in my portfolio that I consider both very risky but worth holding on to in the long run.

Time will tell whether I am truly wonderfully right, absolutely wrong, or somewhere. For now, I’ve just come to the conclusion that today’s news means I won’t be selling this penny stock anytime soon.

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He owns shares in Paul Summers Searing Machines Limited and Horizon Minerals. Motley Fool UK owns the shares and recommends Visiting Machines Ltd. The opinions of the companies mentioned in this article are the opinions of the authors and so we may differ from our subscription services such as stock advisors, hidden winners and government recommendations. Here at The Motley Flower we believe that considering a variety of insights makes us a better investor.

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