Ann: March 2025 Quarterly Activities and Cash Flow Report, page-6

Solid quarter again, another building block.
Positive cash flow, good increase in cash at bank. No debt.
Strong sales pipeline which they now need to covert.
Going through their customers, there is unlimited potential here.
Hope they start to use their ASX listing for a bit more promotion as part of year end results.
A quick look at the potential that sits in the customer / sales pipeline.
Chart definitely in a position to keep going higher.
I don't think a 12 cent share price is unreasonable for the potential here.

Tier 1 Oil and Gas client
Scanningand processing of imagery for the client’s facilities in Deepwater U.S. Gulf of America.
Could be a lot of different players here, but it's a massive region of opportunity and other clients could flow from this.

Chevron
Looks like we are developing a close and embedded relationship with Chevron.
Chevron work with Kongsberg on their digital twin.
Hopefully the initial relationship with REM gets rolled out across all of Chevron's assets.
https://www.offshore-energy.biz/chevron-picks-kongsberg-to-digitalise-its-global-assets/

Shell
Working with Shell makes sense given how similar the assets are.
They also work with Kongsberg, so more synergies there.


Newmont
Talks being back on with Newmont sound positive, even better that they were talking to the parent company (not Newcrest).
Might now get work across both sets of assets.
Pretty strong statement to say talks with senior management have been highly positive, withstrong endorsement of our solution.
You would expect that leads to something.

Tier 2 Oil & Gas
Advanced negotiations also sound good, I guess Santos and the like would be Tier 2?

NextDC
Looks like they have 16 data centres in operation in Aus and a few more in development here, along with a couple overseas.
Could be plenty more work in store if they get it right. 2 DCs per quarter would be nice.

Defence Sector
I see this one as a long shot, slow burn, won't be relevant till they have a contract.

Aggregates, Cement, and Bitumen
Advanced discussions with several globalproducers of aggregates, cement, and bitumen sounds good.
Sign up Boral and work your way through the industry.

Drones for Buildings
I like this, as it starts to open up the property sector a little bit more.
They really should have a dedicated resource to growing this segment, building off this and the NextDC work.

Partnerships
This is a good way to expand internationally without needing to commit resources.
Could probably do a few of these across Africa and South America.