Ann: Sateva Acquisition Progress, page-6

AND HERE IT IS:
ASX / Media Release 21 January 2021 ASX code: K2F
Sateva Acquisition Progress
Highlights:
• Purchase Orders related to SATEVA business >$850k since acquisition completed in
November
• Model Manager is now released and being demonstrated to major mining houses globally
• Results from trial of new ore block optimisation solution at major iron ore mine
demonstrate significant customer benefit and value that will be applied across the
market for bulk miners
K2fly Limited (ASX: K2F) (K2fly or the Company) is extremely pleased to announce that the SATEVA
acquisition (refer ASX announcement 28 October 2020) is exceeding expectations and is ahead of
target. In the less than three months since the acquisition was completed, K2fly has received over
$850k of new purchase orders from major mining houses in the iron ore sector. This is compared to
a total revenue (SATEVA) of $1.4m in FY20.

GLAH ...Mal