Ann: Prospectus-PML.AX, page-56

Thanks Anton. I used to teach some of the basic probability modeling so i can see where this is going now. I like it's potential application to share trading too (some platforms already offer a taste of this with 'Probability Lab' and such, but they really just work off well known distributions such as the normal) will be very interested in developments. The work of Audun Josang looks interesting.

Shortcut from 1 Dec 14 interview explains quick capabilities...

The software produces an assessment of the problem/hypothesis showing the likelihood and certainty of, for example:

• A property bubble occurring;
• A virus becoming a pandemic and the most effective risk mitigation measures;
• A merger, or strategy, returning value;
• A loan – principal and interest – being repaid;
• The criticality of parts within assets used in mining to minimise production disruption/downtime;
• Assessing future impact of changes to superannuation/investment portfolios and possible counter measures before such changes occur;
• Determining strategic cyber threat;
• Political future of countries and/or those who may need humanitarian assistance under certain circumstances including tsunamis, earthquakes, coups

The software has broad application – globally and across industries. The software is used by clients to help them make better decisions. In addition, the software has been embedded by application partners to add more capability to their offerings.