Why tech share Dorsavi Ltd surged higher today

It has been a great start to the week for shareholders of Dorsavi Ltd (ASX: DVL). In early trade its shares have jumped over 6% to 51 cents following the release of a positive announcement.

For those that aren’t familiar with the company, dorsaVi serves the organisational health and safety, clinical, and elite sports markets with its patent protected technology.

This morning the company announced that it has signed a 12-month contract with Heathrow Airport which will see dorsaVi deliver a range of ViSafe services.

ViSafe is dorsaVi’s health and safety wireless sensor technology that tracks and measures how people move in real-time work situations, allowing companies to assess risky movements.

In 2015 Heathrow Airport asked dorsaVi to assess the musculoskeletal impact of using manual handling aids for the transfer of airport baggage, versus the impact of transferring baggage without the use of aids.

The results of the study led to compliance with manual handling aids among baggage handlers increasing from 20% to 80%.

Heathrow Airport now plans to make a large terminal-wide investment in new manual handling aids. Two products have been shortlisted by the airport and ViSafe will be used to assist in the decision-making process.

The data will also be used to help optimise manual handling practices. After which it will be used in an interactive training application and an internal communications campaign in an effort to create behavioural change.

Finally, the company’s recently launched myViSafe application will be used through the baggage handling area to monitor and promote safe workplace practice. Although the app only launched at the start of the month it is already attracting significant interest. Crown Resorts Ltd (ASX: CWN) is another company using it throughout its Melbourne and Perth businesses.

According to the release the project is estimated to be worth more than $100,000 to dorsaVi, with additional annuity revenue coming in via the myViSafe app.

Although it is often compared to Catapult Group International Ltd (ASX: CAT) due to its sports analytics segment, as far as I’m concerned the key driver of growth will be its health and safety segment.

One case study from a large organisation revealed that the introduction of ViSafe resulted in a drop from 72 injuries per quarter to just one. With work injuries estimated to cost businesses US$250 billion a year in the United States, I don’t believe it is hard to see why the technology has enormous potential.

At this stage it would still be classed a high risk investment though. So for that reason I would restrict it to just a small part of your portfolio.

If you need to make room in your portfolio for dorsaVi then I would suggest you remove these shares which are tipped to fall hard in 2017.

3 Rotten Shares to Sell, and 1 to Buy Today

After a double-digit rally for the ASX since 2016 lows, investors should be on high alert. You’ll find a full rundown below of 3 shares we think you should avoid today plus one top pick worth buying even if the market turns south.Simply click here to uncover these stocks.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!