Ann: Response to ASX Query (Half-Year Report)-KKL.AX, page-6

Key points

1. New CEO in 10 business days

"The Company is in final confidential negotiations for the appointment of a replacement CEO for
Mr.Sealy. This appointment is subject to signing of contracts however the Directors believe this will be finalised and announced to the market within the next 10 working days."

2. Certain ID grant from CSIRO?

"The potential of a grant from the CSIRO will assist in funding the development of the CertainID patent and will assist the Company greatly in furthering the commercialisation of this valuable patent"

3. Once again reminding the market that they are basically break even

"The Company continues to receive an improved royalty stream which in itself is enough to cover the present basic operational outgoings of the Company."


4. More RFID projects to be won

"The Company’s patented RFID Break on Removal patented technology which is mature has now started to allow the Company to win RFID projects throughout the world, the results of which will become evident this year."


5. This last part is just me guessing but maybe we have a potential Biometric Co that might want to partner up with us for CertainID? For now we are using their tech for finger print scans so why not try see if they are interested in licensing our CertainID?


"In addition, as also previously announced in December 2015, Kollakorn Thailand is in the final phase of obtaining a joint venture agreement in Cambodia for the implementation of a Motor Vehicle licensing system and RFID nameplate system which will include for the licenses, the use of an RFID chip and a biometric fingerprint. The biometric system will be supplied by Beijing Hisign Co Ltd of China (Hisign)
who has granted exclusivity to Kollakorn Thailand for this project. Hisign is a major biometric company in China having partners such as Alibaba and operating the Chinese National ID Card system with a database of in excess of 1billion fingerprints."