SUMMARY● The assignment (novation) of Buddy’s customer supply...

SUMMARY
● The assignment (novation) of Buddy’s customer supply contract with Amazon US to LIFXAustralia has been completed. As one of the largest customer contracts for LIFX product,this satisfies a condition precedent to financial close of the A$20m Scottish Pacific tradefinance facility
● The Company continues to advance the finalisation of its US$6m inventory finance facility,and anticipates draw down of the facility to occur on or before the end of September.