EVZ Limited announced the expansion of Syfon Systems in South East Asia through
execution of a new license agreement with PT. Wahana Duta Jaya Rucika (Rucika).
The signing of the Agreement is strategic and material to Syfon's growth objectives in Asia
given the positive demand driven by the ongoing social infrastructure build. This
Agreement will allow Syfon to leverage Rucika's extensive network throughout Indonesia to
deliver scale and growth in the region. The Agreement is structured to allow Rucika to
market, sell and support jointly branded Syfon - Rucika products and systems across the
Republic of Indonesia. The Company will derive revenue from the Agreement through a fixed and variable fee structure that will grow proportionally as sales in the geography expands to fill the demand. The Agreement is scheduled to commence on 1 December 2022 for a five-year duration, with an option to extend upon conclusion.