Ann: Quarterly Report and Appendix 4C, page-3

HIFHLIGHTS
• Cash Receipts building with +9.2% increase on previous quarter.
• Developing opportunities in IoT solutions, cyber security, digital signage and
transport sectors.
• Australian distributor agreement executed with M2M Connectivity in
Melbourne.
• Recurring orders from Enterprise-level customers continue to grow through
established relationships.
• Inventory levels are at just over AUD$811,000 with the view of converting a good
portion of this to cash in the short term.
• Operating Expenses remain focused on manufacturing while staff,
administrative and corporate costs have decreased.
• Potential funding sources from manufacturing debt and gold asset recovery
continue to be pursued.
• R&D expenditure invested on developing software as a service platform for
recurring revenues.