-lot of stepping stones achieved in one year , several income deals.....be patient my friends..... this is a little diamond being polished / those licensing agreements will keep on coming and coming.
The main events in last few months as per the latest ann.This is no doubt a company that it is on the move... and this cost money but the rewards are building up. US$0.15 per Thing ,$1 per gateway an $2 per Platform will amount to many $$$ .
HIGHLIGHTS OF THE HALF YEAR
Board Restructure / Funding / Corporate
-July 4th the Sale and Purchase Agreement (SPA) of JCT Healthcare Pty Ltd and Jackson Care Technologies Pty Ltd was completed. Xped acquired 100% of the issued capital and in consideration made initial cash payment of $750,000.
-July 4th completed licensing agreement with Telink Semiconductor. Xped to receive a licensing fee of 17.95% per chipset sold containing ADRC technology.
- July 8th announced JCT to begin IoT project for Disability SA. Xped to provide ADRC technology to project.
- 31st August announced Xped had joined Open Connectivity Forum (OCF).
- On 5th September made a $250,000 cash payment to JCT vendor in lieu of issuing $250,000 of XPE Shares under SPA terms.
- 7th September Seneca Financial Services Pty Ltd appointed as Corporate Advisors. Agreements with Otsana Capital, EAS Advisors and KTM Capital were ceased.
- 1 8th September announced patent granted for PING in Australia and ADRC in Korea.
- 19 September Martin Despain commenced as Managing Director and joined the board.
- 20th September Xped announces JV with Complex Semiconductor, with new entities to be created in China and Hong Kong. Dr. Wenjun Sheng to be appointed to oversee operations.
-23rd September Xped releases Native Device Browser App to Google Play store.
On the 26th September Xped demonstrates Xerts and ADRC to Microsoft Partner Conference in Singapore.
- 4th October Xped launches new corporate website, allowing shareholders to subscribe to Company announcements.
-12th October Xped receives Platinum membership of Open Connectivity Forum (OCF).
Xped Limited Directors’ Report 31 December 2016
-26th October 150,000,000 performance shares issued to JK Group Australia Pty Ltd and Alanticx Technologies Pty Ltd were cancelled as per ASX granting waiver of ASX Listing rule 9.7.
-On the 31st October Investor Roadshow presentations were held.
- 16th November announced secured up to $10m convertible note funding.
- 16th November Xped Native Device Browser App now available in Apple App Store.
-16th November patent for ADRC granted in Chile.
-18th November ADRC porting of two chipsets complete. Telink still in progress.
-30th November the Annual General Meeting was held and all resolutions were passed in favour.
- 12th December the Company delivered it’s first production samples of ADRC devices using ST Microelectronics processors to Vital Xense and introduced Discoverbus which is a wired implementation of ADRC.
- 15th December Xped App plugin developed to connect and control iCharger Bluetooth device. iCharger device enables music stored on a smartphone to be played back on a standard FM radio.
- 16th December announced ADRC is now available on ST Microelectronics STM32 Microcontrollers.
- 16th December 2016 the Company lodged its Prospectus Offer to raise up to $7.5m at an issue price of $0.033 per share with 1:1 5c attaching December 2018 option.
22nd December Xped announced ADRC would be integrated into Intel Smart Home Platform (Homelake).
-12th January 2017 a Memorandum of Understanding signed with Arcadyan for licensing of Xped ADRC technologies.
- 16th January 2017 KS Orka completed acquisition of Sokoria Geothermal Project. Under the terms of the SPA Xped will receive the nominal amount of $1 USD. An additional payment of up to $947,368 USD will be payable within 30 days of KS Orka issuing notification of intent to develop the project.
- On 24th January a license agreement was signed with Shenzhen Lenze Technology Co. LTD. To license ADRC in return for a fee payable per active download. In addition to licensing technology Xped will develop Apps for Lenze.
On 25th January 2017 Xped advised that the SPP had raised $3,118,800 resulting in 94,508,940 fully paid ordinary shares being issued at $0.033 each and 94,508,940 options issued at $0.05 each expiring on 31 December 2018. The Company announced it will seek to place the Shortfall Share Offer of $4,381,200. -On 31st January Customer presentation was released to Market. Subsequent supplementary presentation was released 1st February.
-On 6th February MoU was signed with Solekai Systems for licensing of Xped ADRC technologies. On -3rd January and 13th February Tranches 1A and 1B of the convertible notes were drawn down. Part of Tranche 1A was converted to 34,004,825 shares at a value of $1,1250,500. Xped has advised the convertible note holder that it will not pursue draw downs on tranches 2 and 3 and as such facility is cancelled.
-On 15th February announced porting of Telink is set for completion on 31 March 2017.
- On 17th February announced Xped had been invited to Embedded World in Germany by ST Microelectronics.
- On 22nd February announced that a licensing agreement was signed with Solekai Systems for licensing of ADRC technologies and Xped to provide application development.
and las but not least........
-On 27th February :Xped Limited (ASX: XPE) (“Xped” or “the Company”) is pleased to announce they have signed a Memorandum of Understanding (“MoU”) with Advanced Semiconductor Engineering Inc (“ASE”) of Taiwan. The companies will now collaboratively engage to develop a binding agreement to license several Xped technologies, develop specific solutions for ASE, and collaboratively market and develop solutions for ASE customer base.
When a binding agreement is reached, ASE will incorporate Xped ADRC Proxy and the RML Translation technology into ASE modules for:
Automation Devices Sensors Beacons
Under the proposed terms Xped will provide ASE branded versions of the Xped App customised for:
Virtual Gateway Asset Tracking Building Automation Smart Factory Solution
ASX RELEASE // 27.02.17 Xped Limited
MAKING TECHNOLOGY EASY AGAIN XPED.COM
Under the proposed terms, when a binding agreement is reached, the fee will be negotiated from the standard Xped licensing cost sheet:
Smart Things: USD$0.15 per Thing Smart Gateways: USD$1.00 per Gateway Smart Platform: USD$2.00 per Platform
XPE Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held