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YOJEE LIMITED — Capital/Financing Update 2016
Jun 20, 2016
66110_rns_2016-06-20_9d41f6e4-4181-410c-8f53-11cc2e51a21b.pdf
Capital/Financing Update
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21 June 2016
The Manager Market Announcements Office Level 40, Central Park 152-158 St George's Terrace PERTH WA 6000
MARKET UPDATE
Yojee Limited (ASX: YOJ), a new platform technology company developing and launching powerful logistics and supply chain management capabilities via its world-class software to the South East Asian region, successfully completed its backdoor listing on the ASX on 14 June 2016.
Highlights
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§ Yojee is very pleased to advise that the company is experiencing stronger than expected participation in the early stages of building out its network, and has already achieved strong momentum registering carrier partners. The company believes this early success suggests that strong support exists for Yojees collaborative economy model.
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§ Yojee has carrier partners registered in Australia, Thailand, Singapore, Malaysia, and Indonesia, with plans to also enter Vietnam, the Philippines, and New Zealand. The Yojee network already provides nationwide coverage of Singapore, comprehensive coverage including access to fixed storage and forwarding hubs across Australia, Thailand and Malaysia, and the capability to deliver to over 30 million people in Indonesia.
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§ Yojee is also pleased to announce that through its nationwide cold-chain capabilities across Thailand and Malaysia, enabling domestic and international food, florist, pharmaceutical and other temperature-sensitive movements. This capability helps support the vision of an ‘anything to anywhere’ platform for Asia Pacific.
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Yojee Carrier Network Geographical Capability:
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Suite 9, 330 Churchill Avenue, Subiaco WA 6008 � PO Box 866, Subiaco WA 6904 P + 61 8 6489 1600 � F + 61 8 6489 1601 � ABN 52 143 416 531
Yojee’s technology is designed to digitise and modernise the fast growing $600 billion logistics market, an industry that has traditionally been slow to adopt innovation. Yojee’s technology solution will provide fleet and delivery management optimisation through mobile and desktop apps to existing logistics businesses already delivering around the world.
The platform will then aggregate and automatically coordinate these fleets to create a huge geographical capability. This allows small and medium logistics providers to compete as a collective global freight and parcel mover, with significant cost of delivery and technology benefits compared to the large multinational competitors.
The Yojee platform is the first-of-its-kind in the market, and is being built with the future requirements of supply chain and logistics in mind. The technology behind the platform offers blockchain capabilities, artificial intelligence, complex algorithms and is backed by a world-class technology team.
Commenting on the growth opportunities for technology in the logistics industry, Yojee Managing Director, Ed Clarke, said:
“The supply-chain sector has historically been an extremely low trust and inefficient industry, and the proliferation of e- commerce adds additional complexity. In South East Asia, consumers are widely dispersed, predominantly unbanked, and often don’t trust online sellers despite being interested in the goods that they offer. Yojee uses advanced technology and our extensive in-house supply-chain experience to overcome these problems through beautiful, modern, easy to use software ”
Key benefits of the Yojee platform for users would include:
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§ Expanded capabilities and geographies assisting all participants in increasing average load capacity;
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§ Advanced technology using machine learning to semi autonomously optimise fleets, routes and delivery clustering without the need for capital expenditure; and
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§ An extremely high level of security and trust through the platform.
Yojee Technology Development Timeline:
| TECHNOLOGY TYPE | SUMMARY | PILOT | PUBLIC RELEASE |
|---|---|---|---|
| Driver Management App (Yojee Branded and White Labeled) |
Helps fleet controllers communicate with drivers, the team, track routes ad deliveries |
Q3- 2016 | Q4-2016 |
| Fleet Management App (Yojee Branded and White Labeled) |
Driver management and monitoring, autonomously or manually allocate jobs/deliveries for greater efficiency and revenue capabilities |
Q4-2016 | Q1-2017 |
| Last Mile App (Yojee Branded and White Labeled) |
Allows customers to book jobs, send and receive parcels and packages, and track in real time. (White Laballed uberfication of courier fleets) |
Q4-2016 | Q4-2016 |
| Cloud Intelligence Platform |
Highly scalable and unique future- ready platform which manages the collaborative economy and parcel movements with machine learning, complex real time algorithms, built with blockchain Infrastructure for high security |
Q1-2017 | Q2-2017 |
“Yojee is very excited about implementation of the Cloud Intelligence Platform and the supporting App ecosystem, as this is a highly scalable and extremely secure technology that offers a diverse range of potential revenue opportunities in the future across logistics, finance and insurance. We feel confident the platform will be the most comprehensive technology available to the logistics industry in South East Asia ”, said Mr Clarke.
For further information, please contact:
Investors Media About Yojee Limited Ed Clarke Georgie Morell Yojee Limited (ASX: YOJ) , a new, future ready platform Managing Director Media & Communications, Market Eye technology company developing and launching powerful Ph: +61 8 6489 1600 M: +61 438 008 383 logistics and supply chain management capabilities via its’ world E: [email protected] E: [email protected] class blockchain secured software and expansive partner network to the South East Asian region.
Suite 9, 330 Churchill Avenue, Subiaco WA 6008 � PO Box 866, Subiaco WA 6904 P + 61 8 6489 1600 � F + 61 8 6489 1601 � ABN 52 143 416 531