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Netlinkz Announces Appendix 4C

HIGHLIGHTS FOR THE QUARTER

  • NetLinkz* reported a cash balance of AUD $2.05 million at 30 September 2019
  • Proceeds of AUD$2,715,402 received from exercise of share options
  • Revenue of AUD$285,000 cash received in August 2019 from VIN Sales in China
  • Netlinkz’s Beijing IoT Lab Won the “Innovation Award” issued by the China Software Industry Association for ‘Innovative Cloud Service Platform’
  • VIN Products developed by the IoT Lab in Beijing are to be commercialized through a Joint Venture with iSoftStone (ISS)
  • IoT Laboratory is to be set up in Tokyo to develop its Netlinkz’s source code for the Japanese market
  • Operating cash outflow for the quarter was AUD $3.35million
  • Acquisition of SSI Pacific Pty Ltd, subject to conditions precedent – which provides world leading security intelligence and monitoring solutions to Government, Telecommunication and Enterprise sectors.
  • Organic sales growth expected in Australia from the acquisition of SSI, the iSoftStone Joint Venture and the Company’s Hong Kong reseller’s China based agent JAST Limited.
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