29 July 2016

June Quarterly Activities Report Highlights

  • Zyber signs multi-company Trial Agreement with REDtrac, Wegis and Young and Water Associates who are in the asset tracking and groundwater O&M space

  • Zyber signs additional Trial Agreement with Cynosure Private Equity, a Hong Kong based private equity firm

  • Ben Daly appointed as new CEO to drive commercialization of the Zyber platform

Zyber Holdings Limited (ASX: ZYB) ('Zyber' or 'the Company) is pleased to provide the following update for the June 2016 quarter.

Trial Agreements

During the last quarter the Company has entered into a multi-company Trial Agreement with REDtrac, Wegis and Young, Water Associates and a Trial Agreement with Cynosure Private Equity. The Company is hopeful that the agreements will convert to sales within a few months after successful trials.

Zyber is pleased to announce that installation and field testing has commenced with REDtrac, with members of Zyber on site to facilitate a walkthrough of the Zyber platform features. Zyber will be used to share sensitive engineering and technical documents with field personnel, who are using mobile devices in the field; in pacticular where they are servicing water district pumping stations and other district and land owner diesel engine powered water wells.

Installation and field testing began with Cynosure where the platform will be used to share company information internally amongst employees. We see it as a potential strategic reference for the platform being used in the financial services space.

Phase 1 testing and signoff is imminent with T&T. Zyber will provide an update to the market in due course.

Commercialization

During the last quarter the Company remained focused towards driving commercialization of the Zyber platform.

Two new software developers have been added along with one quality assurance professional to work on the service bus data normalization feature. This will allow the Zyber platform to become completely technology agnostic and plug into multiple Enterprise platforms, standardizing the data/file sharing space. High level overview included below:

Corporate

The Company is pleased to announce that cash burn for the June quarter has reduced under the management of incoming CEO Ben Daly's strategic review and implementation.

Subsequent to quarter end, the Company issued a notice of meeting, including a resolution seeking approval of a placement of up to $3 million for the purpose of giving Zyber the flexibility to capitalise on any suitable acquisition opportunities which may be presented to the Company.

For further information, please contact

Erik Tyler - Investor Relations Manager ir@zyber.com

About Zyber

Zyber Secure Mobile Solutions builds secure file sharing business applications with an emphasis on security, scalability and functionality. Zyber automates confidential information flow processes for industries including government, banking, healthcare, retail and the public sector.

Social Media Policy

We believe in providing the highest levels of communications, and whilst the ASX remains the platform for market sensitive releases, we encourage all shareholders to follow Zyber on Twitter (@myzyber), LinkedIn and YouTube.

Dourado Resources Limited published this content on 29 July 2016 and is solely responsible for the information contained herein.
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