AI assistant
ORCODA LIMITED — Capital/Financing Update 2015
Jul 27, 2015
65482_rns_2015-07-27_13219238-f781-4a15-90db-c8fa75f5bdf2.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [273 x 44] intentionally omitted <==
SmartTrans!enters!China!logistics!market!with!contract!with!Yanfeng!Visteon! Automotive!–!a!major!subsidiary!of!China’s!largest!auto!manufacturer!!
-
SmartTrans!signs!contract!with!auto!components!giant!Yanfeng!Visteon!Automotive,!major!subsidiary!of! China’s!largest!car!manufacturer¹!!
-
Yanfeng!Visteon!to!utilise!SMA’s!proven!and!established!logistics!software!for!new!connected!vehicle!project!
-
Exposure!to!fastFgrowing!connected!car!sector!–!worldwide!revenue!of!US$149!billion!predicted!by!2020²!
-
Partnership!represents!a!significant!step!in!SmartTrans!diversifying!and!growing!its!revenue!in!China!
-
Immediately!revenue!generating!F!SmartTrans!will!earn!revenue!from!an!upfront!payment!and!via!monthly! per!unit!licensing!fees!
-
SMA!and!Yangfeng!Visteon!also!assessing!afterFmarket!opportunities!for!sale!of!logistics!software!systems! into!commercial!vehicles!!
-
Recent!$5.5m!capital!raising!allows!SMA!to!fast!track!growth!of!both!SmartPay!and!logistics!business!in!China!!
28!July!2015: !Mobile!and!online!payments!platform!and!logistics!software!provider! SmartTrans!Holdings!Limited (ASX:!SMA)! (‘SmartTrans’!or!‘the!Company’) !is!pleased!to!announce!that!it!has!now!expanded!the!Company’s!logistics!division!into!China! by! securing! a! contract! to! develop! and! supply! its! proprietary! software! to! automotive! components! manufacturer,! Yanfeng! Automotive!Trim!Systems!Co.!Ltd!(‘Yanfeng!Visteon!Automotive’).!!
SmartTrans! has! been! chosen! by! Yanfeng! Visteon! Automotive! to! supply! a! module! of! the! Company’s! bestFofFbreed! logistics! software.!The!proven!and!established!system!which!uses!mobile!internet!connectivity!to!provide!information!and!evaluation!of! driver! performance,! safety,! route! optimisation,! fuel! efficiency! and! which! can! also! reduce! greenhouse! gas! emissions,! was! selected! for! implementation! with! an! initial! 450! vehicles! commencing! in! Shanghai! this! month.! Under! the! terms! of! this! agreement,!SmartTrans!will!earn!revenue!from!an!upfront!payment!and!also!via!a!monthly!per!unit!licensing!fee.!
This!partnership!will!also!provide!SmartTrans!with!exposure!to!the!fast!growing!connected!car!sector,!which!enables!internet! connection! in! vehicles! for! a! variety! of! purposes! including! the! potential! for! integration! with! SmartTrans! existing! payment! platform.!Worldwide!revenue!from!the!sale!and!supply!of!connected!car!products!for!the!passenger!vehicle!segment!alone!is! anticipated!to!reach!approximately!US$149!billion!by!2020,!with!China!expected!to!maintain!its!position!as!the!largest!market².!
The!Yanfeng!Visteon!Automotive!group!is!a!subsidiary!of!Shanghai!Automotive!Industry!Corporation!(SAIC),!a!state!owned! enterprise!(SOE)!that!is!China’s!largest!car!manufacturer!and!which!also!has!joint!venture!agreements!with!numerous!global! vehicle!manufacturers¹.!!
Headquartered!in!Shanghai!and!with!operations!in!over!20!countries,!Yanfeng!Visteon!Automotive!reportedly!specialises!in!the! design! and! manufacture! of! automotive! seating! and! electronics,! including! instruments,! navigation,! audio,! ‘infotainment’,! security,!control!and!safety!systems.!The!company!has!supply,!OEM!and!joint!venture!agreements!in!place!with!a!number!of! leading!marques,!among!them!Mercedes!Benz,!Volkswagen,!Fiat,!Nissan,!Ford,!General!Motors!and!Chrysler!to!name!a!few.!! Further!information!about!Yanfeng!Visteon!Automotive!can!be!found!at!www.yfFusa.com/about/about_3_en.htm!and!www.yfF usa.com/cooperation/cooperation_2_en.htm!!
SmartTrans!Managing!Director,!Bryan!Carr,!stated:!“This!is!a!fantastic!milestone!for!SmartTrans!and!a!huge!vote!of!confidence! in!the!performance!of!our!technology!as!well!as!a!great!endorsement!of!the!credibility!of!Company!itself.!We!have!worked!long! and!hard!to!establish!our!presence!in!China!and!this!hard!work!is!now!paying!off!in!the!form!of!contracts!such!as!this!which! take!time!and!a!commitment!to!the!market!to!secure.”!
“We!have!been!deliberately!selective!and!strategic!as!to!how!we!expand!our!logistics!division!into!China!and!for SmartTrans!to! secure!a!partnership!like!this!with!the!major!subsidiary!of!such!a!large!and!esteemed!SOE!is!a!huge!achievement.!We!are! honoured!to!have!been!chosen!as!the!preferred!partner!to!supply!software!and!services!to!Yanfeng!Visteon!Automotive.”!
“Critically,!this!contract!provides!a!valuable!entry!point!for!our!proven!logistics!software!into!a!large!and!rapidly!expanding! market!and!delivers!a!new!revenue!opportunity!in!China!for!our!established!software.!!With!the!connected!car!sector!growing!!
Melbourne Sydney Beijing Level 1 Suite 37 101, Building 22, 10 Queens Road 401 Pacific Highway Courtyard 4 Gongti Bei Lu MELBOURNE ARTARMON Chaoyang District VIC 3004 NSW 2064 BEIJING CBD, 100027 Ph: (03) 9866 7333 Ph: (02) 9660 4564 Ph: +86 (10) 6500 0910
!
at! a! rapid! rate! in! this! market,! we! are! excited! to! be! a! part! of! it! and! see! a! natural! fit! for! our! logistics! business! with! the! opportunity!to!integrate!our!mobile!payment!systems.”!
“We!will!now!work!closely!with!the!Yanfeng!Visteon!team!to!develop!and!deliver!this!software!with!a!view!to!promoting!and! distributing!our!software!to!others!in!the!auto!sector!in!China.!Also,!we!are!jointly!assessing!opportunities!to!immediately!sell! an!afterFmarket!logistics!software!product!for!commercial!vehicles!in!China.!Distribution!channels!are!being!reviewed!and!we! believe!this!opportunity!represents!a!new!potential!revenue!driver!for!our!logistics!business.
Mr!Carr!added!that!the!recently!completed!$5.5!million!capital!raising!has!given!SmartTrans!the!financial!flexibility!to!fastFtrack! the!growth!of!both!its!SmartPay!division!in!China,!and!now!its!logistics!business!in!both!Australia!and!China.!The!company!has! the!necessary!skills!and!resources!devoted!to!grow!both!business!units.!!!
==> picture [253 x 191] intentionally omitted <==
==> picture [254 x 191] intentionally omitted <==
Joint!marketing!initiative!of!SmartTrans!and!Yanfeng!Visteon,!Shanghai,!July!2015.!
–!ENDS!–!
1.#Source:#http://www.reuters.com/article/2015/04/02/saic9motor9results9idUSL3N0WZ2JE20150402# 2.#Source:#http://www.strategyand.pwc.com/media/file/Strategyand_In9the9Fast9Lane.pdf#
Further!information!please!contact:! About!SmartTrans! Bryan!Carr! Managing!Director!! AUST:!+61!412!111!968!! CHINA:!+86!138!1188!8401!
SmartTrans#Holdings#Limited#(ASX:#SMA)#is#a#leading#Australian#technology#and#software#provider#that# has#developed#a#mobile#and#online#billing#and#payment#platform#for#the#China#market.#The#company#has# agreements#in#place#with#China#Mobile,#China#Unicom,#China#Telecom#CMPay,#UnionPay#and#Alipay.#With# the#growing#use#of#the#smartphone#as#a#billing#device#in#China,#the#company#is#experiencing#significant# uptake#of#its#technology#in#that#market.#SmartTrans#has#also#developed#cutting9edge#proprietary#logistics# software#which#is#used#by#some#of#Australia’s#leading#blue9chip#organisations#who#have#long#term# contracts#in#place#with#the#company.#SmartTrans#is#assessing#growth#opportunities#for#its#logistic#offering# in#China#to#complement#its#mobile#and#online#payments#platform.
Media!inquiries!to:!Ben!Jarvis,!! Six!Degrees!Investor!Relations:!! +61!413!150!448!
==> picture [37 x 22] intentionally omitted <==
http://www.smarttransholdings.com http://www.twitter.com/SmartTrans_SMA
Melbourne Sydney Beijing Level 1 Suite 37 101, Building 22, 10 Queens Road 401 Pacific Highway Courtyard 4 Gongti Bei Lu MELBOURNE ARTARMON Chaoyang District VIC 3004 NSW 2064 BEIJING CBD, 100027 Ph: (03) 9866 7333 Ph: (02) 9660 4564 Ph: +86 (10) 6500 0910