Forum Archive Index - May 2004

["Cristine Kerr" <criskerr@optusnet.com.au>]

ASX Announcement 27.5.04

 

' ... Re: Jeyco Pty Ltd of Western Australia signs agreement as a reseller of Zylotech's Acoustic Seawatch sonobuoys technology and (IP), video surveillance products

 

Zylotech is pleased to advise that Jeyco Pty Ltd, a leading mooring and marine equipment company based in Western Australia, has agreed to be a value added reseller of Zylotech's SeaWatch SW1, long-life acoustic Sonobuoy based surveillance systems and, where applicable to their customers, to integrate, bundle and resell Zylotech's IP based video surveillance products.

 

Jeyco Pty Ltd has operated in the moorings and associated marine equipment business for 12 years and has active government and commercial clients throughout Australia and more recently in South East Asia, Korea, China, Africa, Europe and USA, and sees the addition of the Zylotech unique SeaWatch acoustic surveillance buoy systems as complimentary to their current product range, type of business and customer needs for improved security of their coastal and offshore assets.

 

The unique SeaWatch SW1, long-life sonobuoy system is the first acoustic based surveillance solution developed and released by Zylotech, following its acquisition of Sonacom Ltd in 2003 and, as advised by ASX announcement dated 18 May 2004, the SeaWatch technology is currently being evaluated by the Coastwatch and Great Barrier Reef Marine Park Authority (GBRMPA) organizations under a 3 month pilot program, funded by them, on the Eastern Seaboard.

 

Development of the SeaWatch system was part funded under a Commonwealth AusIndustry R&D Start Grant to develop an acoustic based system for monitoring the world oceans and additional acoustic product versions using the core SeaWatch and SeaVigil technology are in development and planned for release in 2004 and 2005.

 

Under the agreement with Zylotech, Jeyco will deploy and maintain a SeaWatch SW1 sonobuoy at a selected location off the Western Australian coast and, using the Zylotech SonaSurv base station unit at their Fremantle head office, will be able to demonstrate the full solution capability to potential customers and support same post sale.

 

Zylotech see this agreement reached with Jeyco as a significant opportunity to demonstrate and sell to both commercial and government customers a working acoustic surveillance solution for remote ocean based locations, backed by Zylotech's IP based video surveillance solutions where the customers assets are sea based and closer in to shore, such as is the case with a number of Jeyco's aquaculture clients. Zylotech is confident that due to their experience with marine products Jeyco will be an ideal business partner with whom we can team to open sales opportunities in the regions in which they operate.

 

Yours faithfully,

Bernard McGeorge

CEO & Managing Director

 

Agreed

Simon Taylor

Managing Director, Jeyco Pty Ltd ... '

----- Original Message -----

From: Cristine Kerr

To: sharechat@sharechat.co.nz

Sent: Wednesday, May 19, 2004 3:13 PM

Subject: Re: Re: [sharechat] ZYL - Zylotech UPDATE

Here is a link to Unmanned Aerial Vehicle info:

 

http://www.zylotech.com.au/pro_son_aer.html

 

 

----- Original Message -----

From: Cristine Kerr

To: sharechat@sharechat.co.nz

Sent: Wednesday, May 19, 2004 10:06 AM

Subject: Re: Re: [sharechat] ZYL - Zylotech UPDATE

Hi David,

 

Extract from prospectus; ' ... Zylotech has active dialogues underway and reseller and/or teaming agreements in the process of being completed for integration of their products and solutions in a number of strategically important applications by a number of industry market leaders who operate in the IT integrating and security surveillance services fields. These include ... ' (See list of names on page 3 of the prospectus which also lists possible Zylotech product and solution applications - provides an overview of their prospects.)

 

The annual report gave the cash position at 31 Dec 2003. Capital raising was after 31 Dec (concluded January 2004) and raised over $1M for Zylotech.

I don't think cash is going to be a problem, especially since they have progressed from development to milestones/sales with EyeLink, working trials of Sonobuoys, and Mirli UAV (unmanned aerial vehicle) has been successfully demonstrated in a scaled down version with a large scale demo planned for later this year. {PS Would very much like to see Metal Storm (MST) investigate opportunities re this Australian UAV.}

Zylotech partnered with Fujitsu on EyeLink into Manly Council so Fujitsu must have a high opinion of Zylotech.

Every shareholder had an opportunity to pick up Zyl shares and Zylob options at 1c recently = estimated cost of .009 per ZYL share, and .001 per ZYLOB option.

Due to milestones/progress last year, ZYL is well-placed in the med to long-term high growth investment category with the possibility that a positive announcement could propel the SP sooner. I (as in my personal opinion) see both the shares (presently at .008), and the options (still some ZYLOBs available at .001) as a great buy right now BUT Mr Market, collectively, may not agree with my opinion.

 

Regards,

Cris