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2015 Premier’s NSW Export Awards

  • Written by Richelle Ward


The Export Council of Australia (ECA) is pleased to recognise the Export Award winners announced at one of Sydney’s most prestigious presentation events - the Premier’s NSW Export Awards.

The Awards recognise New South Wales companies for their contribution to the state and national economy.

As a leading advocate for international trade, the ECA, in conjunction with the NSW Government is honoured to manage this state wide competition where nominees secure their reputation on the world stage.

Chief Executive Officer, ECA Lisa McAuley said “given the announcement on the Trans-Pacific Partnership (TPP), acknowledging exporters is vital in building awareness of these new market opportunities available to business owners. We are seeing more and more new companies that are exporting their goods and services with excellent results.

“NSW exporters have a long and positive future when it comes to trade. Given the recent signing of Free Trade Agreements (FTA’s) now is the time to focus on how we can help build on Australia’s trade capabilities and encourage more companies to look at the global opportunities that are opening up,” Ms McAuley said, adding “We need to take advantage of the market opportunities created by the North Asian FTA’s and now the potential of the TPP Agreement and recognise the success of those clever companies that are really making waves overseas.”

More than 85 applicants vied for one of 12 industry specific categories and 8 state based awards that recognise emerging exporters, leadership, innovation, and above all else export excellence.

In a room abuzz with excitement, more than 650 guests witnessed Nuix take out the coveted Premier’s NSW Exporter of the Year Award.

The Export Awards program would not be possible without the ongoing support of its loyal sponsors: NSW Government, ANZ, Austrade, AusIndustry, Australian Institute of Export, Australia Post and StarTrack, Efic, Export Growth China, Fial, HiFX, HSBC, Hunt & Hunt Lawyers, Insync Personnel, MSM Sales Specialists, The University of Sydney and VChina.

2015 WINNERS:



NATIONAL CATEGORIES

WINNER

Agribusiness

Atron Enterprises

Business Services

Nuix

Creative Industries

Plastic Wax

Education & Training

University of Wollongong Enterprises

Environmental Solutions

TTG Transportation Technology

Online Sales

CarePlus Australia

Information and Communication Technology

Soprano Design

Manufacturing

Quickstep Technologies

Health & Biotechnology

Blackmores

Minerals, Energy & Related Services

Consep

Small Business

PAFtec Australia

Regional Exporter

Hedweld Group of Companies

STATE CATEGORIES

 WINNER

NSW Asian Exporter

AccorHotels

NSW Innovation in Export

Atomo Diagnostics

NSW Export Scholarship

Peloris Global Sourcing

NSW Emerging Exporter

Peloris Global Sourcing

Western Sydney Exporter

Next Instruments

Hunter/Central Coast Exporter

Formit Services

Illawarra Exporter

Cherub Rubs

NSW Women in International Business (note there are TWO WINNERS and this is a NEW CATEGORY)

- Dee-Ann Prather (Down Under Enterprises)

- Lynn Yeh (Homart Pharmaceuticals)

 

 

NSW Exporter of the Year

Nuix

3D Medical Limited to merge with Mach7 Technologies

  • Written by Justin Kelly


3D Medical and Mach7 Technologies Enter Into Binding Merger Agreement

Binding Heads of Agreement with leading healthcare IT provider
Delivers significant revenue boost and USD earnings from worldwide accounts
Institutional Placement underway to support future growth
Share Purchase Plan to be offered to existing shareholders
New company to be listed publicly on the Australian Securities Exchange as Mach7

3D Medical Limited (ASX:3DM) (3DM or the Company) is pleased to announce it has entered into a binding Heads of Agreement to merge with Mach7 Technologies Pte. Ltd. (Mach7) through acquisition of 100% of the issued capital of Mach7. Mach7 is the parent company of Mach7 group.

Mach7 and 3DM enjoy a strong working relationship in 3DM’s capacity as exclusive reseller of the Mach7 image management solutions for hospitals and radiology clinics in Australia and New Zealand.

Mach7 is a global provider of enterprise image management systems that allow healthcare enterprises to easily identify, connect, and share diagnostic image and patient care intelligence where and when needed. The solutions improve patient care, compliance and clinician satisfaction. In October, Frost & Sullivan named Mach7 the Medical Imaging Informatics Company of the Year in the Asia Pacific region.

Mach7’s global customer base includes leading healthcare organisations such as Penn Medicine, Raffles Hospital and Massachusetts General and has operations in 10 countries. Mach7 has 43 employees with the majority located in Burlington, Vermont USA, and generates strong contractual cash flow from software licenses and support agreements with the majority denominated in US dollars. For the 9 months ending September 2015, Mach7 generated revenue of US$4.1 million and is nearing cash flow breakeven.

In June this year, 3DM announced an agreement with Telstra Health, a division of Telstra Corporation Ltd (ASX:TLS) (Telstra Health), whereby Telstra Health became a reseller of the Mach7 image management software, integrating the technology to create new products for the Australian healthcare market and also allowed for the supply of specific Telstra Health products to 3DM’s new and existing customers.

The proposed merger is subject to certain closing conditions including 3DM obtaining shareholder approval, 3DM raising a minimum of $10 million as well as other customary conditions. The proposed merger is expected to complete in January 2016 after a general meeting of 3DM's shareholders convened for the purpose of obtaining approval of the proposed merger.

The merger with Mach7 will involve the issue of 459.5m shares to the owners of Mach7 in return for 100% of the shares in Mach7, giving 3DM ownership of Mach7's assets and intellectual property. Four separate tranches totaling 300,000 performance related shares will also be made available to the owners of Mach7 subject to achievement of agreed financial milestones relating to a combination of revenue targets and share price performance.

Under the Heads of Agreement, 3DM will undertake a series of capital raisings to raise a minimum of AUD$10 million in new capital to provide working capital to support further research and development, sales and marketing activities for Mach7, build out 3DM’s value-added data offerings, retire the debt in Mach7 (~USD$2 million) and pay for the costs of the transaction and capital raisings.

As part of this capital raising, 3DM intends to raise up to $4 million with the issue of 53 million shares under a share placement to institutional investors. The placement will be made within 3DM's existing placement capacity under Listing Rule 7.1 and, accordingly, will not require shareholder approval. 3DM will also undertake a Share Purchase Plan (SPP) to enable existing shareholders to subscribe on the same terms as the institutional placement. The SPP will not be underwritten. 3DM has also received indications that existing holders of options in 3DM intend to exercise their options, which would raise further funds.

Subject to approval by Shareholders, and upon completion of the acquisition, 3DM will propose to change the name of the company to "Mach7 Technologies Ltd" and appoint Albert Liong as Managing Director of the group. Currently, Mr. Liong is the chief executive officer of Mach7 Technologies.

Details of the proposed transaction, capital raising and proposed Board changes are included in the accompanying presentation.

Dr. Nigel Finch, chairman of 3DM commented, “We are delighted to have secured an agreement to bring our companies together. We have enjoyed a close working relationship with Mach7 and have seen their outstanding success in the USA and Asia. This transaction delivers a material revenue boost to 3DM and importantly allows 3DM shareholders to benefit from the ownership of best-in-breed healthcare imaging intellectual property. The transaction will drive earnings and transform 3DM into a global operation, allowing significant opportunities to scale 3DM’s value-adding data activities to leading healthcare institutions globally.”

Mr. Albert Liong, chief executive officer of Mach7 stated, “We are thrilled to be deepening our relationship with our valued partner 3DM.  Mach7 has enjoyed substantial growth in recent times and we feel this will be enhanced as part of 3DM. Australian investors appreciate world leading healthcare technology and we look forward to this new phase as we continue to build our impressive global customer base.”

About 3D Medical Limited:

At 3D Medical our aim is to aid medical professionals in the facilitation of improved clinical care, improving medical procedures, diagnostics and ultimately improving patient outcomes.

3D Medical is a medical specific 3D printing and holographic projection and data integrations provider. Our services 3D Medical Printing; EchoPixel (holographic projection technology); GestSure (in surgery image control); Mach 7 (enterprise imaging solution provides healthcare organisations with the ability to archive, consolidate, access, and share medical imaging data across departments, locations and regions); and MediDATA provide medical practices the opportunity to leverage their analytical capabilities to gain an improved understanding of the characteristics of the patients which drive their business.

These new and innovative products leverage data already captured by conventional imaging modalities and apply it in more meaningful ways to deliver improved economic and patient outcomes.

Further information is available at www.3DMedical.com.au

About Mach7 Technologies:

Mach7 is a global provider of enterprise image management systems and services that allow healthcare enterprises to easily identify, connect, and share diagnostic image and patient care intelligence where and when it is needed. Their innovative communication and workflow technology delivers complete image management including rapid record identification, integration, synchronisation and routing, advanced clinical viewing, and optimized vendor neutral archiving (VNA) across the enterprise.

Healthcare institutions around the world use Mach7 solutions for archiving, clinical productivity improvement, IT cost savings, health information exchange, meaningful use compliance, and improved patient data communication. Mach7 has locations in the U.S., Asia, Australia, and the Middle East.

Further information is available at www.mach7t.com

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