Forum Archive Index - May 2004

[David Maire <dmaire@xtra.co.nz>]

any idea what its worth?
I note another of these 1990 s high flyers companys has just gone into 
adimistration.
============================================================
From: "Cristine Kerr" <criskerr@optusnet.com.au>
Date: 2004/05/18 Tue PM 06:54:15 GMT+12:00
To: <sharechat@sharechat.co.nz>
Subject: [sharechat] ZYL - Zylotech UPDATE



ASX Announcement 18.5.04

      ZYL 2:42 PM   Customs Coastwatch/GBRMPA Agree to Pilot Installation 



Re: Customs Coastwatch and GBRMPA Agree to Pilot Installation of Zylotech 
SeaWatch SW1 Acoustic Surveillance Great Barrier Reef

Zylotech is pleased to advise that Customs Coastwatch in conjunction with the 
Great Barrier Reef Marine Park Authority (GBRMPA) have agreed to a three month 
pilot program to enable them to assess the Zylotech SeaWatch SW1 Long Life 
Acoustic Sonobuoys based surveillance system.

Coastwatch and GBRMPA have agreed to jointly fund the pilot program which 
includes;

. Deployment of three SW1 sonobuoy units in the Great Barrier Reef
. Installation of a Zylotech SONASURV Geographical Command and Display Unit, at 
a land based control and monitoring station, to monitor the sonobuoy 'findings' 
over satellite.

The unique SeaWatch SW1 system is the first acoustic surveillance product 
released for commercial use by Zylotech following its acquisition of Sonacom 
Ltd in 2003. It was part funded under a Commonwealth AusIndustry R&D Start 
Grant to develop an acoustic based system for monitoring world oceans.

Under the R&D Start Grant funded program, other shorter-life, and quick 
deployable and GPS trackable product versions using the core SeaWatch and Sea 
Vigil technology are in development and planned for release in 2004 and 2005.

Zylotech sees this agreement reached with Coastwatch and GBRMPA as a 
breakthrough opportunity and a platform to capitalise on interest expressed by 
other potential customers within Australia and overseas.

Yours faithfully,
Bernard McGeorge
CEO & Managing Director
============================================================

ASX Announcement 18.5.04

 

ZYL

2:42 PM

Customs Coastwatch/GBRMPA Agree to Pilot Installation

 

 

Re: Customs Coastwatch and GBRMPA Agree to Pilot Installation of Zylotech SeaWatch SW1 Acoustic Surveillance Great Barrier Reef

 

Zylotech is pleased to advise that Customs Coastwatch in conjunction with the Great Barrier Reef Marine Park Authority (GBRMPA) have agreed to a three month pilot program to enable them to assess the Zylotech SeaWatch SW1 Long Life Acoustic Sonobuoys based surveillance system.

 

Coastwatch and GBRMPA have agreed to jointly fund the pilot program which includes;

 

. Deployment of three SW1 sonobuoy units in the Great Barrier Reef

. Installation of a Zylotech SONASURV Geographical Command and Display Unit, at a land based control and monitoring station, to monitor the sonobuoy 'findings' over satellite.

 

The unique SeaWatch SW1 system is the first acoustic surveillance product released for commercial use by Zylotech following its acquisition of Sonacom Ltd in 2003. It was part funded under a Commonwealth AusIndustry R&D Start Grant to develop an acoustic based system for monitoring world oceans.

 

Under the R&D Start Grant funded program, other shorter-life, and quick deployable and GPS trackable product versions using the core SeaWatch and Sea Vigil technology are in development and planned for release in 2004 and 2005.

 

Zylotech sees this agreement reached with Coastwatch and GBRMPA as a breakthrough opportunity and a platform to capitalise on interest expressed by other potential customers within Australia and overseas.

 

Yours faithfully,

Bernard McGeorge

CEO & Managing Director

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