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Powerhouse Ventures, Quarterly Report for the 3 Month Period Ended 31 March 2018

Portfolio Update

ASX listed investee CropLogic (CLI) has today announced significant strategy initiatives and key appointments of senior executives and board members. See CLI ASX announcement for further details.

Invert Robotics has completed an $8.2m capital raise to fund European dairy inspection business expansion and further develop the aircraft fuselage inspection opportunity. Significant partnerships have been developed resulting in substantial opportunities in the aircraft fuselage inspection sector.

Upstream Medical Technologies is currently raising capital from NZ/AU and EU investors. Powerhouse anticipates a substantial valuation upgrade in 2HFY18 or 1HFY19.

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