What I'm buying, Simavita Ltd (SVA)

What I'm buying, Simavita Ltd (SVA). Medical Device Company that has developed an innovative solution for the assessment of urinary Incontinence, with a focus on the elderly. Currently there are 15 million plus incontinence assessments per year that result in $6 billion of labour costs. SIM is a wireless sensor technology which delivers instrumented Incontinence Assessments that result in 25% product cost reduction, 23% decrease in landfill and 21% improvement in effective toileting. I attended a management presentation earlier this week and was very impressed with CEO Philippa Lewis who has 25 years in the industry. Currently supplying their technology to $7bn firm Medline, which is the leading provider of adult incontinence products to the US healthcare market, you can be sure traction is imminent. The company expects global revenue to commence this quarter out of the US which will be a significant catalyst. CP $0.90, TP $1.09