Panorama Synergy : Announces FY15 Results

Significant progress in the Company's strategic plan to market

 Technical milestones and strategic 'go-to-market' plan on track following the development of the Company's first prototype of LumiMEMSTM Reader (independently validated by CSIRO) in December 2014
 Transfer and ownership of LumiMEMSTM Reader Intellectual Property from University of
Western Australia to Panorama Synergy Ltd

 Agreements established with leading international foundries and technical consultants for the manufacture of the Company's technology in small batch runs ahead of large -scale manufacturing

 Continued investment in R&D to broaden applications and assess closely related complementary technology opportunities

 Fully funded for next 18-24 months, $9m capital raised in FY15, providing a solid

position for execution of manufacturing, distribution and sales
Panorama Synergy Limited (ASX:PSY) ("Panorama"; "Company") is pleased to report the Company's full-year results for the year ended 30 June 2015. The 12-month period reflects a solid execution of the steps required for product manufacturing, distribution and sales.

Key technical milestones include:
 Successful build, completion and testing of its first LumiMEMSTM Reader prototype

 Independent validation by CSIRO

 Commercial partnership with Quantify Technology ("Quantify") for the supply of sensors to

their intelligent building developments
LumiMEMSTM Reader has significant competitive advantages over existing MEMS technologies:

 Provides greater sensitivity, accuracy in measurements

 Provides greater portability given its size relative to competitors.

 Greater robustness. Can be deployed and utilised in harsh environments and where low power usage is required. An example is explosive detection or explosive environments where safety needs to be ensured

 Less prone to interference, and able to take many more times the number of simultaneous readings given the flexibility of incorporating multiple cantilevers on a single chip

 The active parts of the sensor are microscopic, allowing for application in wide variety of field environments as opposed to current technology which is primarily laboratory based equipment. The range of applications include medical, consumer, industrial, environmental and transportation, and more

With growing interest in MEMS technology, the Company is confident in its ability to become a leading player in the Sensor Market, which is an $86 billion market today and growing rapidly due to the growth of the Internet of Things.

An important advancement for the Company during the period has been the transfer of intellectual property for the LumiMEMSTM Reader technology from UWA to Panorama, which occurred in April
2015. Owning the intellectual property underpins the long-term collaborative relationship with UWA
and Panorama.
Ongoing discussions with a number of local and global companies are underway for end-market technology developments and applications.

A key focus over the last half of the year was achieving the first steps in its strategic plan to market. The company conducted a global review of the market and entered into some key agreements with foundries that specialise in manufacturing parts and products required for creating the LumiMEMSTM Reader.
In conjunction with this, Panorama has over the last period created the technical specifications and requirements for each individual part of the LumiMEMSTM Reader. Currently, batch tests are being conducted on the first in a series of components to be tested, including silicon manufacturing, photonics manufacturing and bulk testing.

The Company continues to develop its patented LumiMEMSTM Reader in partnership with UWA, with Panorama tripling its R&D investment; in addition to the research grants and participations by key universities.
During the period, the Company raised $9 million via a placement of $7m and an option exercise of
$1.8m. The Company is sufficiently funded to fully implement its current plans aimed at rapidly bringing the LumiMEMSTM Reader to the market.

The Company continues to assess expansion and extensions into related technology areas.
The Company, together with University of New South Wales (UNSW), was awarded a grant of
$50,000 to extend the sensor platform into other fields and uses such as hydrogen detectors , which could be deployed for monitoring fuel cells, health monitoring of electrical transformers and other applications.
Panorama enters FY16 in a strong position with financial flexibility to achieve its objectives and cash at bank at the end of the year of $6.6m.

The strategic path to market along with product development remains the major focus of the Company, with two new MEMS specialists appointed in FY15 and further appointments for other key positions expected in FY16.
During the period, the Company also established an Advisory Board, appointing Dr Stewart Washer in January 2015. Dr Washer brings over 20 years of CEO and Board experience in medical devices, drug development and agri-food companies.
In addition, Glenn Ross also joins the advisory board. Mr Ross has broad industry experience and a substantial network across oil and gas, mining and commodities sectors. Mr Ross has also worked as a funds manager and held numerous ASX-listed Board positions.
These appointments bring world-class experience in manufacturing, sales and distribution and compliment the expertise that exists in the R&D part of the business.

Panorama continues to assess manufacturing partnerships, with batch manufacturing testing underway with leading MEMS manufacturers CMC (Canadian Microelectronics Corporation) and IMT (Innovative Microsystems Technology). In conjunction with this, the Company continues to execute on its commercialisation strategy with further discussions being held on licensing deals, strategic partnerships or joint ventures and in-house product development. The Company will provide greater insights into our go-to-market strategy in our next shareholder update that will be provided in September.
Results over the past year positions the Company well to further the capabilities and applications of the LumiMEMSTM Reader in conjunction with shortening the 'go-to-market' strategy of the technology. With funding in place for the next 18 to 24 months, Panorama expects to make significant steps forward in its expansion plans, partnerships, sales and distribution plans and full - scale manufacturing.

"It has been a solid period for the Company with early progress to develop the product for commercial use following the success of the first prototype. The Company has made early progress in structuring agreements, and building and creating new partnerships with the recent research grant awarded being one such example. Given the multitude of applications of this technology across multiple industries, we are confident that that we have in place a clear and focused strategy to bring this game-changing technology to the world."

"We will continue to work tirelessly to ensure the technology that underpins the LumiMEMSTM Reader powers cutting-edge applications, which can help save lives, deepen our understanding of the world we live in and be the foundation for advances in almost every industry."

Fran Foo, Director
Media & Capital Partners p: +61 416 302 719
e: fran.foo@mcpartners.com.au

Panorama Synergy Limited Terry Walsh, Managing Director P: +61 8226 3377
info@panoramasynergy.com

Panorama Synergy is a Perth-based technology company focused on the commercial and technological advancement of its optical readout system for MEMS, the LumiMEMSTM Reader.
This unique technology has been developed by the Microelectronics Research Group (MRG) team at UWA, in partnership with Panorama Synergy. MRG took the far sighted decision to be a global Centre of Excellence in MEMS over a decade ago, creating the opportunity for this breakthrough. UWA and Panorama Synergy have been partnering for much of this time.
Panorama Synergy's Board includes Aidan Montague, Chairman, whose background includes senior roles with Cisco Systems in Europe, South Africa and Asia and Terry Walsh, Managing Director, formerly MD for Cisco Australia and New Zealand, and then CEO of Cisco Canada.

MicroElectroMechanical Systems (MEMS) are microscopic, highly sensitive systems able to detect and measure chemical and biologic substances, movement and acceleration, gravity and a wide range of other applications. They represent a $14 billion to $20 billion industry with significant growth rates. All devices which incorporate MEMS sensors require a readout system to assess and communicate the data that is measured. The LumiMEMSTM Reader sensor is the next evolution of that readout system, as it takes MEMS readouts from primarily being electrically based, into the world of optical. MEMS Flipboard: https://flipboard.com/section/mems-bQ

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