2014

Edison Expands New Zealand Technology Sector Presence with Launch of Coverage of SLI Systems

LONDON, November 4, 2013 /PRNewswire/ --

Edison Investment Research, a leading international investment research firm, announces the initiation of coverage of SLI Systems (NZX:SLI), a technology company with operations in Europe, US and New Zealand.

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Edison's comprehensive report, Building a high-margin, recurring revenue stream, was published on 1 November and examines the investment case for SLI Systems' search and navigation products, which power the website search functionality for some of the world's highest-profile companies, including Jelly Belly, B&Q and Harrods.

The analysis by Tom Grady, an analyst on Edison's Technology team, points to the company's application of cloud-based products that have increased sales conversions for e-commerce sites by making it easier for customers to find products.

The subscription-based model provides a low upfront cost solution for customers, which enables a rapid return on investment. From SLI's perspective, this helps to attract and retain customers, and results in an average two-year payback period due to the initial cost of implementation. Short-term losses will therefore increase as customers are added, but as the client base grows the business should generate a high degree of recurring revenue at high margins.

For the full report see: http://www.edisoninvestmentresearch.com/research/company/sli-systems

The launch of coverage on SLI Systems marks a further expansion of Edison's worldwide technology coverage. Edison provides research coverage on more than 70 technology companies across the UK, mainland Europe, North America and Australasia. All reports published by Edison are available to download free of charge from its website http://www.edisongroup.com.

About Edison Investment Research

Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support its capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Services Authority (http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584).

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact:
Tom Grady
Edison Investment Research
+44-(0)203-077-5767
technology@edisongroup.com

SOURCE Edison Investment Research



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