http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Tue, 12 Dec 2017 07:48:57 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Wangle Technologies launches GPS based alert feature to help kids stay safe ]]> http://www.proactiveinvestors.com.au/companies/news/188409/wangle-technologies-launches-gps-based-alert-feature-to-help-kids-stay-safe-188409.html Wangle Technologies Ltd (ASX:WGL) has launched the GPS Gating feature for its family protection software, allowing parents to set an alert that activates when a child’s device moves outside of a 20-metre radius from the chosen location.

The company’s Wangle Family Insites (WFI) software suite has been designed to analyse children’s internet access and also send parents notifications in real time to help manage cyber threats.

The new GPS gating feature is available for both iOS and Android versions of the WFI app.

Importantly, the feature update completes Wangle’s short term development goals for WFI for 2017 in readiness for aggressive client acquisition marketing activities.

Wangle’s shares were last trading circa 7% higher intra-day, at $0.015.

Earlier this week, Wangle received firm commitments to raise $1.4 million via a share placement at $0.014 each.

READ: Wangle Technologies to focus on customer acquisition following $1.4 million placement

The funds will enable the company to invest in brand development and customer acquisition strategies.

Wangle is already seeing traction, with WFI achieving the number one position in the parenting category of the Google Play store.

READ: Wangle Technologies app ranked first on Google Play store ]]>
Thu, 07 Dec 2017 13:58:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188409/wangle-technologies-launches-gps-based-alert-feature-to-help-kids-stay-safe-188409.html
<![CDATA[News - Wangle Technologies to focus on customer acquisition following $1.4 million placement ]]> http://www.proactiveinvestors.com.au/companies/news/188239/wangle-technologies-to-focus-on-customer-acquisition-following-14-million-placement-188239.html Wangle Technologies Ltd (ASX:WGL) has received firm commitments to raise $1.4 million via a share placement at $0.014 each.

The funds will enable the company to invest in aggressive brand and customer acquisition strategies for its family protection software suite, Wangle Family Insites (WFI).

The WFI product suite is able to analyse children’s internet access in real time and also send parents notifications in real time to help manage cyber threats.

Wangle is also preparing to launch the GPS Gating feature for WFI, allowing parents to set an alert that activates when a child’s device moves outside of a 20-metre radius from the chosen location.

Ready for aggressive customer acquisition strategies

GPS gating has been finalised for both iOS and Android versions of WFI and is being deployed to the live environment in readiness for roll out to customers by Friday, 8 December.

Importantly, the feature update completes Wangle’s short term development goals for WFI for 2017 in readiness for aggressive client acquisition marketing activity.

Last week, WFI achieved the number one position in the parenting category of the Google Play store.

READ: Wangle Technologies app ranked first on Google Play store

The company recently entered an agreement allowing it access to funding of up to $2 million in the form of a convertible loan.

However, as a result of the new placement, it does not intend to draw these funds in the short term.

Meanwhile, development of desktop versions of the Wangle VPN for inclusion within WFI is continuing with a launch anticipated early next quarter.

VPNs (virtual private networks) allow users to access the internet in a way that shields their activities from the eyes of outsiders.

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Tue, 05 Dec 2017 15:22:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188239/wangle-technologies-to-focus-on-customer-acquisition-following-14-million-placement-188239.html
<![CDATA[News - Wangle Technologies to lift cash for suite of technologies ]]> http://www.proactiveinvestors.com.au/companies/news/188085/wangle-technologies-to-lift-cash-for-suite-of-technologies-188085.html Wangle Technologies Ltd (ASX:WGL) offers parents a unique approach to ensuring the safe use of the internet by children and teenagers.

READ: Wangle Technologies app ranked first on Google Play store

Wangle is now preparing to complete a capital raising, with the ASX granting the company a trading halt to finalise.

The halt will remain in place until the opening of trade on Tuesday 5th December 2017, or earlier if an announcement is made to the market.

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Fri, 01 Dec 2017 10:18:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188085/wangle-technologies-to-lift-cash-for-suite-of-technologies-188085.html
<![CDATA[News - Wangle Technologies app ranked first on Google Play store ]]> http://www.proactiveinvestors.com.au/companies/news/187943/wangle-technologies-app-ranked-first-on-google-play-store-187943.html Wangle Technologies Ltd (ASX:WGL) has achieved the number one position in the parenting category of the Google Play store for its family protection software suite.

The Android version of Wangle Family Insites (WFI) was released 12 days ago and has been downloaded over 1000 times in its first week.

Notably, the app has maintained a customer rating of 4.7 out of 5.0 on the Google Play store.

READ: Wangle Technologies’ shares rise following Android release of family protection software

WFI utilises behavioural analysis of live mobile network traffic to help parents identify and manage online risks to their children.

The product is available via the Apple and Android App stores on a monthly or annual family subscription.

It is initially targeting Australia’s six million families before a planned international expansion.

READ: Wangle Technologies does deal for $2 million loan

The company recently entered an agreement allowing it access to funding of up to $2 million in the form of a convertible loan.

Funding will enable the Wangle to invest in aggressive brand and customer acquisition strategies for WFI.

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Wed, 29 Nov 2017 15:16:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187943/wangle-technologies-app-ranked-first-on-google-play-store-187943.html
<![CDATA[News - Wangle Technologies does deal for $2 million loan ]]> http://www.proactiveinvestors.com.au/companies/news/187679/wangle-technologies-does-deal-for-2-million-loan-187679.html Wangle Technologies Ltd (ASX:WGL) has entered into a convertible loan agreement for an amount of up to $2 million.

The loan will enable the Wangle to invest in aggressive brand and customer acquisition strategies for Wangle Family Insites, its recently released family protection software suite.

This will then prepare the company for a focus on domestic distribution partnerships and international expansion in 2018.

The loan is with Golden State Capital, Inc, an unrelated party and the loan facility commences on 1 December, 2017 and will last until 30 April 2018.

READ: Wangle Technologies’ shares rise following Android release of family protection software

The convertible loan facility has a limit of $2 million and a minimum commitment of $500,000.

Wangle is required to pay a coupon of $12,500 per $250,000 tranche drawn from the facility upon maturity.

Should the lender elect to convert the loan to equity, shares will convert at the lower of a 15% discount to 5-day volume weighted average price (VWAP) or  $0.02.

Wangle Family Insites monitors children's internet access

Wangle Family Insites (WFI) is a family protection software suite that is now available via the Apple and Android App stores.

It is available on a monthly or annual family subscription and will initially target Australia’s six million families before a planned international expansion.

The WFI product suite is able to analyse children’s internet access in real time and also send parents notifications in real time to help manage cyber threats.

Cyber threats include gaming addiction, cyberbullying, pornography and online predators.

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Thu, 23 Nov 2017 10:32:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187679/wangle-technologies-does-deal-for-2-million-loan-187679.html
<![CDATA[News - Wangle Technologies’ shares rise following Android release of family protection software ]]> http://www.proactiveinvestors.com.au/companies/news/187411/wangle-technologies-shares-rise-following-android-release-of-family-protection-software-187411.html Wangle Technologies Ltd (ASX:WGL) has crossed a major milestone by releasing the Android version of its family protection software suite, Wangle Family Insites (WFI), on the Google Play store today.

The release of the Android version completes the full release of WFI.

Leading up to the final Android launch, Wangle logged some strong early engagement statistics including 360,000 impressions on social media.

READ NOW: Wangle Technologies prepares for Android app launch

The family protection suite utilises behavioural analysis of live mobile network traffic to help parents identify and manage online risks to their children.

Wangle’s shares were last trading 12% higher intra-day, at $0.019.

New features to go live soon

Wangle has now completed additional enhancements to the online parent portal for release in the coming days.

The enhancements will include back-end optimisation and more granular charting of internet and app usage statistics, which will be made visible to WFI customers.

Wangle is also finalising the development of the GPS Gating feature, which allows parents to set an alert that activates when a child’s device moves outside of a 20-metre radius from the chosen location.

It is anticipated that this feature will be released to customers by the end of November after final testing is completed.

Additionally, a desktop version of WFI is being developed for inclusion within the software suite, as requested from customer feedback during beta testing.

WFI Desktop development is now well underway with a December launch date anticipated.

Targeting Australia’s 6 million families

WFI is now available via the Apple and Android App stores on a monthly or annual family subscription and will initially target Australia’s 6 million families before a planned international expansion.

The WFI product suite is able to analyse children’s internet access in real time and also send parents notifications in real time to help manage cyber threats.

Cyber threats include gaming addiction, cyberbullying, pornography and online predators.

Customers will pay a $7.99 per month subscription fee, which will cover up to 20 mobile devices within a family.

Furthermore, users will be able to trial the product for 30 days free and receive a discount by purchasing an annual subscription for $79.99.

Following the release of the Android version, Wangle’s marketing activity will now start to shift from brand-building, education and lead generation, to more aggressive user acquisition.

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Fri, 17 Nov 2017 14:32:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187411/wangle-technologies-shares-rise-following-android-release-of-family-protection-software-187411.html
<![CDATA[News - Wangle Technologies prepares for Android app launch ]]> http://www.proactiveinvestors.com.au/companies/news/186917/wangle-technologies-prepares-for-android-app-launch-186917.html Wangle Technologies (ASX:WGL) has logged encouraging engagement activity stats since launching its Wangle Family Insites (WFI) app in the Apple Store in late October.

WFI, which is a family protection software suite, has logged 400 active users in its first week and 20,000 active users onsite.

The Android version of the WFI app is nearing completion, with full commercial deployment now planned for the week commencing 13 November 2017.

Once Android is deployed the full suite of WFI will be in market and marketing activity will start to shift from brand-building, education and lead generation, to more aggressive user acquisition.

Furthermore, early customer feedback and data from WFI usage has led to additional enhancements being incorporated into the WFI product for the upcoming full deployment.

Early engagement statistics

Since launch, marketing activity has focused on brand building, customer education and lead generation via public relations, content marketing, social media engagement and search marketing.

In the first week of launch there have been:

- 360,000 impressions on social media;
- 24,000 interactions via paid search;
- 14,000 visitors to the education sections of the WFI website; and
- 1,000 Facebook engagements (reactions, comments, shares).

READ NOW: Wangle Technologies launches family cyber security app

In addition, early adopters of WFI have accounted for over 400 active users in the first week since launch.

Additional WFI enhancements

Following on from beta testing, additional features to be added include more granular charting capabilities in the parents portal and further enhancement to alert triggers.

Version 1.2 incorporating further optimisation to the user experience after initial customer feedback has been lodged with the Apple store and is expected to go live in this week.

Development of GPS-gated alerts, which give parents the ability to lock GPS gates to current locations such as the home, is well underway.

READ NOW: Wangle Technologies releases new feature for software ]]>
Wed, 08 Nov 2017 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186917/wangle-technologies-prepares-for-android-app-launch-186917.html
<![CDATA[News - Wangle Technologies releases new feature for software ]]> http://www.proactiveinvestors.com.au/companies/news/186621/wangle-technologies-releases-new-feature-for-software-186621.html Wangle Technologies (ASX:WGL) has enhanced its family protection software suite, Wangle Family Insites (WFI), by adding new features.

In line with the company’s previously stated strategy of WFI customer acquisition via distribution partnerships, an affiliate tracking feature has been finalised and released.

The affiliate platform allows partners to drive customer growth for the WFI platform and generate revenue via revenue sharing arrangements with simple to setup affiliate tracked links.

Furthermore, a live streaming monitoring capability has been added allowing WFI to recognise live streaming and video uploads across high-risk apps or websites including Snapchat and Instagram.

By combining other risk-related data points with video upload activity, the WFI platform will be able to alert parents to potential risk activities such as sexting.

The additional alert category has been configured and is ready for immediate release.

Next feature to be released

Work is well underway on GPS-gated alerts which give parents the ability to lock GPS gates to current locations such as the family home.

Live alerts will be sent to parents with GPS movement outside of the locally-gated location.

This gives parents an unprecedented safety feature on children’s movement.

WFI was launched last week

Wangle launched its family protection software suite, WFI, last week.

The parent protection software utilises behavioural analysis of live mobile network traffic to help parents identify and manage online risks to their children.

Cyber threats include gaming addiction, cyberbullying, pornography and online predators.

READ NOW: Wangle Technologies launches family cyber security app ]]>
Thu, 02 Nov 2017 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186621/wangle-technologies-releases-new-feature-for-software-186621.html
<![CDATA[News - Wangle Technologies launches family cyber security app ]]> http://www.proactiveinvestors.com.au/companies/news/186316/wangle-technologies-launches-family-cyber-security-app-186316.html Wangle Technologies (ASX:WGL) has launched its family protection software suite, Wangle Family Insites (WFI).

The parent protection software utilises behavioural analysis of live mobile network traffic to help parents identify and manage online risks to their children.

Cyber threats include gaming addiction, cyberbullying, pornography and online predators.

The platform also provides educational resources to parents about such risks.

The WFI App is now publicly available in the Apple Store with the Android version undergoing final preparations for launch on the Google Play Store shortly.

Marketing commenced

Marketing activity has now commenced, with an initial focus on brand awareness via public relations and paid social media campaigns.

This will be supported by acquisition activity via a range of activities including content marketing and paid search.

READ NOW: Wangle Technologies prepares for software launch next month

The product is and will be available for a monthly family subscription and will initially target Australia’s 6 million families before a planned international expansion.

Customers will pay a $7.99 per month subscription fee, this will cover up to 20 mobile devices within a family.

Furthermore, users will be able to trial the product for 30 days free and receive a discount by purchasing an annual subscription for $79.99.

Background

Wangle has built a data analysis system that is able to analyse internet data flowing through it and turn it into useful information.

Wangle Family Insites is the first commercial product the company has launched to utilise that underlying data analysis system.

WFI is able to analyse children’s internet access in real time and also sent parents notifications in real time.

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Fri, 27 Oct 2017 15:33:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186316/wangle-technologies-launches-family-cyber-security-app-186316.html
<![CDATA[News - Wangle Technologies confirms software launch next week ]]> http://www.proactiveinvestors.com.au/companies/news/185842/wangle-technologies-confirms-software-launch-next-week-185842.html Wangle Technologies (ASX:WGL) has confirmed that it will next week launch its family protection software suite, Wangle Family Insites (WFI).

In preparation for the launch, the WFI app has been granted all approvals by Apple so it can be available via the App Store.

Closed group family beta testing of the full product suite including mobile apps and online portal has been completed for Version 1 of WFI in readiness for public launch.

The company’s marketing team and marketing partners have finalised the WFI launch plan, which will start on the day of launch.

Wangle Family Insites (WFI)

WFI is a parent protection software suite that utilises behavioural analysis of live mobile network traffic across Wangle’s best in class secure virtual private network (VPN)  to help parents identify and manage online risks to their children.

The platform also provides educational resources to parents when risks are identified which has been prepared in collaboration with Telethon Kids Institute and Wangle’s Head of Education, Robyn Treyvaud of Cyber Safe Kids.

WFI will be available via the Apple and Android App stores on a monthly or annual family subscription.

The product will initially target Australia’s 6 million families before a planned international expansion.

Features of WFI Version 1

Version 1 of the WFI App will incorporate the following features for parents and children:

- Live alerts providing educational resources to families to help with identifying a range of potential behavioural threats;
- Supporting documentation on threats including research, resources and further reading suggestions;
- Ability to activate live GPS tracking of linked devices;
- Collation of each device’s usage information across the most popular used apps including specific categories such as gaming, social media and messaging;
- Rolling daily reports on each devices internet usage; and
- Utilisation of Wangle’s secure and accelerated VPN for child devices.

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Thu, 19 Oct 2017 15:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185842/wangle-technologies-confirms-software-launch-next-week-185842.html
<![CDATA[News - Wangle Technologies prepares for software launch next month ]]> http://www.proactiveinvestors.com.au/companies/news/184476/wangle-technologies-prepares-for-software-launch-next-month-184476.html Wangle Technologies (ASX:WGL) is planning to launch its family protection software suite, Wangle Family Insites (WFI) in the week commencing 23rd October 2017.

The software aims to bring peace of mind to parents in today's new cyber-age by monitoring in real time and advising and educating parents of potential threats.

The product will be available via Apple and Android App stores for a monthly family subscription and will initially target Australia’s 6 million families before a planned international expansion.

Closed group family beta testing of the full product suite, including mobile apps and online portal, is underway.

Beta testing is proving useful, allowing for the identification of any final bugs and optimisations before launch.

Launch plan

The agreed upon October launch date is to enable the concurrent launch of both Apple and Android platforms, maximising the effectiveness of paid launch activity and public relations (PR).

Planning is now underway for full public launch in the week commencing 23rd October 2017.

The company’s marketing team has been focused on pre-launch activities and go to market marketing strategies, with marketing and PR campaigns ready to execute upon successful launch.

Wangle Family Insites

Key features of the software include:

- Cloud-based application means no difficult to setup home hardware;
- Live analysis of children’s internet behaviour;
- Real time threat alerts delivered to parents phones;
- Time spent on social, games and communications apps captured;
- Research, education and resources supplied for all threats identified;
- GPS Location data shows live mobile device data;
- Monitor up to 20 mobile devices; and
- Fast, secure VPN technology keeps children’s devices safe from hackers.

Commercial model

Users will pay a $7.99 per month subscription fee, this will cover up to 20 mobile devices within a family.

Furthermore, users will be able to trial the product for 30 days free and receive a discount by purchasing an annual subscription for $79.99.

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Mon, 25 Sep 2017 14:38:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184476/wangle-technologies-prepares-for-software-launch-next-month-184476.html
<![CDATA[News - Wangle Technologies to showcase protection software at Western Australian Council ]]> http://www.proactiveinvestors.com.au/companies/news/182572/wangle-technologies-to-showcase-protection-software-at-western-australian-council-182572.html Wangle Technologies Ltd's (ASX:WGL) chief executive officer, Sean Smith has been invited to speak at the upcoming Western Australian Council of State School Organisations Inc. (WACSSO) conference.

Smith will be showcasing the soon to be released family protection software suite, Wangle Family Insites (WFI).

WFI monitors mobile network patterns in real time and advises parents of potential threats as well as providing greater details and resources to parents about these threats.

This will deliver peace of mind to many parents, with a very lower barrier to entry being priced at $10 per month for a family subscription.

The software is due for release in the September 2017 quarter.

Importance of WACSSO

The WACSSO influences the direction of public education via the views of parents and citizens for the benefit of students.

The annual event is the one time of year public school parents and the education community from across the whole of Western Australia, come together to learn and share experiences about education and the public school system.

WACSSO is the representative of over 650 Parent and Citizens Associations (P&Cs) throughout Western Australia.

The Minister for Education and Training, Hon. Sue Ellery, Sharyn O’Neill, Director General from Department of Education and Hon. Donna Faragher, Shadow Minister for Education will be in attendance.

How the Wangle Family Insites software will work

The ground-breaking parent protection suite utilises behavioural analysis of live mobile network traffic across Wangle’s best in class secure VPN network to help parents identify and manage online risks to their children.

The platform also provides educational resources to parents when risks are identified which has been prepared in collaboration with Telethon Kids Institute and Wangle’s newly appointed Head of Education, Robyn Treyvaud of Cyber Safe Kids.

Treyvaud is a globally recognised expert in online safety and digital citizenship.

She is an educational leader with over 40 years of experience in schools and is the founder of Cyber Safe Kids.

Cyber Safe Kids is an international organisation that assists educators, school and parent communities to understand and meet the challenges of living and working in the digital world.

She is a trusted advisor to governments, the media, industry and not for profits, nationally and internationally.

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Thu, 17 Aug 2017 13:02:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182572/wangle-technologies-to-showcase-protection-software-at-western-australian-council-182572.html
<![CDATA[News - Wangle Technologies reveals preview in countdown to Wangle Family Insites ]]> http://www.proactiveinvestors.com.au/companies/news/182238/wangle-technologies-reveals-preview-in-countdown-to-wangle-family-insites-182238.html Wangle Technologies Ltd (ASX:WGL) is preparing to bring peace of mind to many parents in today's new cyber-age, with its soon to be released family protection software suite, Wangle Family Insites (WFI).

WFI monitors mobile network patterns in real time and advises parents of potential threats as well as providing greater details and resources to parents about these threats.

The pricing of WFI is to be $10 per month for a family subscription which is competitive in market.

The software is due for release in the September 2017 quarter.

Marketing plans are well in place with additional marketing partners coming onboard to ensure the launch is executed professionally.

Highlighting the importance of the software, 50% of teenagers have experienced cyber-aggression.

How will the software work

The ground-breaking parent protection suite utilises behavioural analysis of live mobile network traffic across Wangle’s best in class secure VPN network to help parents identify and manage online risks to their children.

The platform also provides educational resources to parents when risks are identified which has been prepared in collaboration with Telethon Kids Institute and Wangle’s newly appointed Head of Education, Robyn Treyvaud of Cyber Safe Kids.

Treyvaud will head up the cyber education function of the pending software, as the company focuses on addressing the important social issue of child safety on the internet.

Key issues include cyber bullying, online predators, the distribution of inappropriate content and the general safety and well-being of children on the internet.

Treyvaud is a globally recognised expert

Treyvaud is a globally recognised expert in online safety and digital citizenship.

She is an educational leader with over 40 years of experience in schools and is the founder of Cyber Safe Kids.

Cyber Safe Kids is an international organisation that assists educators, school and parent communities to understand and meet the challenges of living and working in the digital world.

She is a trusted advisor to governments, the media, industry and not for profits, nationally and internationally.

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Thu, 10 Aug 2017 13:39:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182238/wangle-technologies-reveals-preview-in-countdown-to-wangle-family-insites-182238.html
<![CDATA[News - Wangle Technologies boosts management team with cyber expert ]]> http://www.proactiveinvestors.com.au/companies/news/181750/wangle-technologies-boosts-management-team-with-cyber-expert-181750.html Wangle Technologies (ASX:WGL) will welcome renowned Australian cyber safety expert Robyn Treyvaud to its management team.

Treyvaud will head up the cyber education function for the company’s soon to be released family protection software suite, Wangle Family Insites.

Wangle Technologies, as a company is fully focused on addressing the important social issue of child safety on the internet.

Key issues include cyber bullying, online predators, the distribution of inappropriate content and the general safety and well-being of children on the internet.

Sean Smith, CEO, commented: “Helping parents and families safely navigate online activity requires an expert understanding of the key issues, and Robyn’s past decade of work in this area makes her the ideal candidate to head up our education and content team.”

40 years of experience in schools

Robyn Treyvaud is a globally recognised expert in online safety and digital citizenship.

She is an educational leader with over 40 years of experience in schools and is the founder of Cyber Safe Kids.

Cyber Safe Kids is an international organisation that assists educators, school and parent communities to understand and meet the challenges of living and working in the digital world.

She is a trusted advisor to governments, the media, industry and not for profits, nationally and internationally.

Wangle Family Insites

Wangle Family Insites (WFI) offers parents a unique approach to ensuring the safe use of the internet by children and teenagers.

WFI monitors mobile network patterns in real time and advises parents of potential threats as well as providing greater details and resources to parents on the threats identified.

The pricing of WFI is to be $10 per month for a family subscription which is competitive in market.

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Tue, 01 Aug 2017 14:41:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181750/wangle-technologies-boosts-management-team-with-cyber-expert-181750.html
<![CDATA[News - Wangle Technologies in an ASX trading halt ]]> http://www.proactiveinvestors.com.au/companies/news/175630/wangle-technologies-in-an-asx-trading-halt-175630.html Wangle Technologies (ASX:WGL) has been granted a trading halt by the ASX, pending a response to a price and volume query.

Shares in the company hit $0.026 intra-day yesterday, which is 53% higher than their low two sessions earlier.

The halt will remain in place until the opening of trade on Friday 31st March 2017, or earlier if an announcement is made to the market.

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Thu, 30 Mar 2017 07:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175630/wangle-technologies-in-an-asx-trading-halt-175630.html
<![CDATA[News - Wangle Technologies appoints Jon Wild as non-executive chairman ]]> http://www.proactiveinvestors.com.au/companies/news/173488/wangle-technologies-appoints-jon-wild-as-non-executive-chairman-173488.html Wangle Technologies (ASX:WGL) has appointed Jon Wild to the board as non-executive chairman of the company with immediate effect.

Wild has extensive mobile, digital and commercial experience, having led marketing strategy for startups to large multinational corporate organisations.

He has been a marketing leader for the past twenty years across a diverse range of companies including Unilever, British Telecom (where he launched the O2 brand in Europe) and Telstra.

More recently, he was chief marketing officer (Asia Pacific) and vice president of marketing (North America) at Groupon (NASDAQ:GRPN).

Wangle has developed patented algorithms to optimise data flow between devices. It allows faster data transfer and reduces data overhead, while enhancing security and privacy.

The appointment of Wild coincides with the resignation of chairman and director of the company, Andrew Haythorpe.

The change in Wangle’s board is an ongoing process as the company moves towards the commercialisation of its technologies.

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Tue, 21 Feb 2017 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173488/wangle-technologies-appoints-jon-wild-as-non-executive-chairman-173488.html
<![CDATA[News - Wangle Technologies appoints Sean Smith to chief executive officer ]]> http://www.proactiveinvestors.com.au/companies/news/172139/wangle-technologies-appoints-sean-smith-to-chief-executive-officer-172139.html Smith has almost two decades of experience growing and leading teams in a range of different sized businesses, including ASX-listed and NYSE-listed global companies.

Most recently, he served as head of customer experience for Woolworth’s Endeavour Drinks Group across its portfolio of liquor brands.

Smith has also served as head of marketing for online restaurant booking app, Dimmi, where he successfully launched the consumer proposition focusing on customer acquisition, retention and value growth.

Wangle has also appointed James Robinson as a non-executive director.

Robinson currently serves as a general partner of ESVCLP Fund Alchemy Venture Capital and a non-executive director of Jacka Resources (ASX:JKA).

Wangle has developed patented algorithms to optimise data flow between devices. It allows faster data transfer and reduces data overhead, while enhancing security and privacy.

The change in Wangle’s board is an ongoing process as the company moves towards the commercialisation of its technologies.

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Wed, 25 Jan 2017 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172139/wangle-technologies-appoints-sean-smith-to-chief-executive-officer-172139.html
<![CDATA[News - Wangle Technologies Ltd to reveal resolution with Apple ]]> http://www.proactiveinvestors.com.au/companies/news/169034/wangle-technologies-ltd-to-reveal-resolution-with-apple-169034.html Wangle requested the halt pending a resolution between the company and Apple in relation to Apple's approval to the Wangle VPN Application.

The halt will remain in place until the opening of trade on Friday 18th November 2016, or earlier if an announcement is made to the market.

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Wed, 16 Nov 2016 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169034/wangle-technologies-ltd-to-reveal-resolution-with-apple-169034.html
<![CDATA[News - Wangle Technologies granted an ASX trading halt ]]> http://www.proactiveinvestors.com.au/companies/news/167395/wangle-technologies-granted-an-asx-trading-halt-167395.html Wangle requested the halt as the company is awaiting final approval of the iOS version of the App from Apple so that it can be released into the Apple Store.

The App was submitted for approval with Apple on 28 September 2016.

The company has since been advised it has received the Export Compliance approval required for applications utilising proprietary encryption technologies and is awaiting the final approval from Apple for release into the App Store which is expected imminently.

The halt will remain in place until the opening of trade on Tuesday 18th October 2016, or earlier if an announcement is made to the market.

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Fri, 14 Oct 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167395/wangle-technologies-granted-an-asx-trading-halt-167395.html
<![CDATA[News - Wangle Technologies Ltd in an ASX trading halt ]]> http://www.proactiveinvestors.com.au/companies/news/165617/wangle-technologies-ltd-in-an-asx-trading-halt-70694.html Wangle Technologies Ltd (ASX:WGL) has been granted a trading halt by the ASX, with its shares placed in pre-open.

Wangle requested the halt pending details in relation to a collaboration agreement.

The halt will remain in place until the opening of trade on Tuesday 30th August 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 26 Aug 2016 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165617/wangle-technologies-ltd-in-an-asx-trading-halt-70694.html
<![CDATA[News - Wangle Technologies Ltd cleared for lift-off after regulatory nod ]]> http://www.proactiveinvestors.com.au/companies/news/147221/wangle-technologies-ltd-cleared-for-lift-off-after-regulatory-nod-68407.html Wangle Technologies Ltd (ASX:WGL) has been given regulatory clearance to publicly launch the Apple iOS and Android versions of its App in Australia and New Zealand after it was given approval from the Federal Government.

Wangle's patented algorithms optimise data flow between devices, increasing the speed of the Internet which allows faster data transfer and reduces data overhead for customers, while enhancing security and privacy.

The nature of Wangle’s technology meant that the Federal Government has classified Wangle as a “carriage service provider” and it had to comply with the Telecommunications Interception and Access Act.

Wangle will be one of the first in Australia to meet the new data interception and retention compliance laws.

As significantly, the regulatory approval provides Wangle with a clear path to monetisation. Wangle can launch the Apple iOS and Android versions of its App in Australia and New Zealand.

The commercial launch is expected before the 15th of June 2016, subject to App store review for the iOS version.

Members of the public will be able to download and use Wangle’s revolutionary data optimisation service through Apple’s App Store and Google Play Store.

Wangle’s chief executive officer, Jason Gitmans said, “The commercial launch of the App is imminent now that we have obtained the necessary approval from the CAC. The experience we’ve gained from addressing regulatory compliance gives us another important edge as Wangle will be one of the first in Australia to meet the new data interception and retention laws.

"What’s more, we anticipate that our launch in other countries will be expedited now that we have the framework in place. Having this first mover advantage significantly increases the probability of Wangle becoming a market leader in the industry.”

Wangle is looking to entrench early mover advantage in virtual private networking (VPN) which previously has been the cornerstone of enterprise remote access technology.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 03 May 2016 12:35:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147221/wangle-technologies-ltd-cleared-for-lift-off-after-regulatory-nod-68407.html
<![CDATA[News - Wangle Technologies Ltd readies launch of Wangle App for data optimisation ]]> http://www.proactiveinvestors.com.au/companies/news/147220/wangle-technologies-ltd-readies-launch-of-wangle-app-for-data-optimisation-68362.html Wangle Technologies Ltd (ASX:WGL) has developed patented algorithms to optimise data flow between devices which allows faster data transfer and reduces data overhead, while enhancing security and privacy.

The company is now preparing to launch Wangle App.

Jason Gitmans, managing director, commented: "The Wangle App will increase the speed of the Internet and will reduce data consumption for our customers.

"The VIP pre-registration enables those who have waited patiently for our service to benefit.

“The App provides a revolutionary reduction in data usage and improved consumer experience for subscribers."

The pre-registration to download its App is on schedule to commence Sunday the 1st of May 2016.

Users who pre-register for the App at www.wan.gl (link will be live 1st May) will be entitled to VIP rewards and other special privileges when the company launches the App to the public on both the Apple Store (iOS) and Google Play Store (Android).


Pre-registration advantages

- One-month no obligation trial of the Wangle App;
- Additional free month if users refer a friend; and
- 50% discount at $36 for a one-year prepaid subscription.


Global rollout

The launch of the Wangle App will start in Australian first, to be followed by Hong Kong, New Zealand and South Africa.

South Africa has a large and growing mobile market and the region is the fastest growing in terms of mobile data usage.

Wangle’s solution will not only benefit end users by providing faster and cheaper data connections, but it will help mobile companies maximise their infrastructure investment as their network will be able to support more users through the Wangle platform.
 
The launch of the trials in these and other countries being investigated with low barriers to entry and ease of commercial roll out as the dominant consideration.
 
The additional works undertaken to ensure a fully compliant product launch in Australia have allowed Wangle to expedite the roll out into these key regions of growth well ahead of schedule.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 29 Apr 2016 14:02:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147220/wangle-technologies-ltd-readies-launch-of-wangle-app-for-data-optimisation-68362.html
<![CDATA[News - Wangle Technologies Ltd: Monetisation timelines remain on target ]]> http://www.proactiveinvestors.com.au/companies/news/147219/wangle-technologies-ltd-monetisation-timelines-remain-on-target-68158.html Wangle Technologies Ltd's (ASX:WGL) monetisation timelines remain on target with Wangle's technology in the final stages of complying with the new legislation in Australia.

The company has developed patented algorithms to optimise data flow between devices.

It allows faster data transfer and reduces data overhead, while enhancing security and privacy.

Wangle’s advanced technology is required to comply with the telecommunications interception laws and data retention legislation.

The company said that Wangle will be among the first to be fully compliant, allowing it to capitalise on its first mover advantage.

Upon compliance, Wangle will look to commence commercialisation of the technology through a VIP launch expected in May.

The IOS and android launch to initial target markets will follow in June 2016.

Beyond the launch in Australia, the next targeted locations are Hong Kong, New Zealand and South Africa.


Jason Gitmans, chief executive officer, commented:

“The compliance requirements have required us to build further back end capability to the technology and Wangle will now be one of the first companies in Australia to be fully compliant with the new regulatory regime and will be in a strong position to benefit from its first mover advantage in the mobile innovation space.

"This work will also provide the platform for us to enter other markets and meet their regulatory requirements.

"Compliance with the legislation is expected shortly and we then progress to the very exciting stage of launching the Apple iOS and Google Android version of the App to our targeted markets."


International roll-out timeline

Wangle is planning to launch in Hong Kong in July 2016, which is an attractive market for the company due to its high mobile penetration rate, number of mobile users and relatively high mobile data charges.

Gitmans added: “Hong Kong has about five million mobile phone subscribers who pay $15 per gigabyte of data on average.

"That’s 33% more than Australians pay. Around 70% of users in that country use Android while 27.4% are on iOS.”.
 
The company is also advancing its expansion into South Africa through its previously announced partnership with Spinova Pty Ltd.

South Africa has a large and growing mobile market and the region is the fastest growing in terms of mobile data usage.

Wangle’s solution will not only benefit end users by providing faster and cheaper data connections, but it will help mobile companies maximise their infrastructure investment as their network will be able to support more users through the Wangle platform.
 
The launch of the trials in these and other countries being investigated with low barriers to entry and ease of commercial roll out as the dominant consideration.
 
The additional works undertaken to ensure a fully compliant product launch in Australia have allowed Wangle to expedite the roll out into these key regions of growth well ahead of schedule.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 19 Apr 2016 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147219/wangle-technologies-ltd-monetisation-timelines-remain-on-target-68158.html
<![CDATA[News - Wangle Technologies reveals new notice of initial substantial holder ]]> http://www.proactiveinvestors.com.au/companies/news/147218/wangle-technologies-reveals-new-notice-of-initial-substantial-holder-67300.html Wangle Technologies (ASX:WGL) has received a new notice of initial substantial holder, being Keaton Wallace and Associated Entities.

The total holding is circa 54.9 million, or 6.74%.

Wallace is a seed shareholder in Wangle and has also played a key role in the listing process of the company on the ASX.

Wangle has created a patent pending network software system that delivers greater transfer efficiency of data at faster speeds and lower cost to the consumer.

The company is now putting a key focus on monetising its technology.

Recent agreements with Degordian and ironSource will help the company achieve this.

Degordian is one the world’s leading full service digital and social media marketing agencies.

ironSource reaches over 800 million people a month and can deliver more than 6 million installs per day across its client base.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 02 Mar 2016 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147218/wangle-technologies-reveals-new-notice-of-initial-substantial-holder-67300.html
<![CDATA[News - Wangle Technologies receives notice of initial substantial holder ]]> http://www.proactiveinvestors.com.au/companies/news/147217/wangle-technologies-receives-notice-of-initial-substantial-holder-67289.html Wangle Technologies (ASX:WGL) has been a strong share price performer since being re-admitted to the ASX last week, post the change of activities to focus on monetising its technology.

Recent agreements with Degordian and Iron source will help the company achieve this.

Degordian is one the world’s leading full service digital and social media marketing agencies.

ironSource reaches over 800 million people a month and can deliver more than 6 million installs per day across its client base.

Wangle has now received a notice of initial substantial holder from Twentieth Century Motor Company Pty Ltd, with a 8.67% stake.

Shares in the company are trading around 25% higher at $0.048, compared to several months ago.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 02 Mar 2016 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147217/wangle-technologies-receives-notice-of-initial-substantial-holder-67289.html
<![CDATA[News - Wangle Technologies targets millions of users with ironSource partnership ]]> http://www.proactiveinvestors.com.au/companies/news/147216/wangle-technologies-targets-millions-of-users-with-ironsource-partnership-67279.html Wangle Technologies (ASX:WGL) has partnered with ironSource to provide global app distribution services for Wangle’s revolutionary web optimisation app.

ironSource reaches over 800 million people a month and can deliver more than 6 million installs per day across its client base.

The partnership is expected to result in increased brand awareness and user growth for the Wangle app.

Wangle is one of the first utility apps to be available on ironSource’s unique direct supply channels.

This is another third party endorsement for Wangle’s technology.

Jason Gitmans, CEO, Wangle, commented:

“Partnering with ironSource is a major endorsement of the Wangle App, particularly given that ironSource have worked with some of the world’s best known brands.

"Their app discovery platform provides a superior solution for Wangle to generate increased user acquisition and drive the monetisation of our app.”

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 01 Mar 2016 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147216/wangle-technologies-targets-millions-of-users-with-ironsource-partnership-67279.html
<![CDATA[News - Wangle Technologies signs exclusive agreement with Power Skills Ltd ]]> http://www.proactiveinvestors.com.au/companies/news/147215/wangle-technologies-signs-exclusive-agreement-with-power-skills-ltd-67255.html Wangle Technologies (ASX:WGL) has developed patent pending algorithms to optimise data flow between devices.

The technology allows faster data transfer and reduces data overhead, with the added benefit of extra security and privacy.

Wangle’s proprietary technology disrupts the global data market, which is experiencing increasing data usage and is unequipped to deal with future loads.

The company has now signed an exclusive agreement with Power Skills Ltd.

Power Skills is to manage the design, build and deployment of a Wangle microchip prototype incorporating the technology for greater speed and data optimisation on hardware devices.

The Wangle Microchip will open up additional growth opportunities for Wangle in the electronic manufacturing, telecoms and the Internet of Things (IoT) sector, which is estimated to be worth US$14 trillion by 2022.

Highlighting the sheer size of the potential market, semiconductor/chip market revenue exceeded US$330 billion in 2014.

Power Skills have already conducted thorough due diligence, providing further validation of the Wangle technology.

Prototype development is the first step of an 8 month program to bring the product to market.

Jason Gitmans, CEO for Wangle, commented:

“The expansion of the Wangle technology to a hardware device represents a significant next step for the technology and presents many opportunities.

"A hardware chip provides a significantly higher capacity for web optimisation on a much larger scale, which will facilitate our entry into the enterprise space across numerous industries including manufacturing, telecoms and IoT.

"These sectors are worth billions of dollars combined and are each in need of new innovative solutions and technology to help alleviate the increasing pressure on networks.”


Analysis

Wangle has been an outperformer since re-admission to the ASX boards last Friday.

Shares in the company have climbed 35% in recent days to $0.05, on very high volume, when compared to its value in mid-December before finalising re-compliance,

Today's news is another stepping stone towards commercialisation and monetisation.

Revenue model

Commercialisation of Wangle's technology will begin through a downloadable app by the end of March, targeting 500,000 paying subscribers by December 2018.

Revenue generation will commence in Q2 2016 with the implementation of a subscription based revenue model, with further commercialisation via the Enterprise and lucrative Hardware markets.

The company is well-funded with $4.3 million in cash, following the re-admission to the ASX post the transition from VTX Holdings.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 29 Feb 2016 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147215/wangle-technologies-signs-exclusive-agreement-with-power-skills-ltd-67255.html
<![CDATA[News - Wangle Technologies delivers impressive ASX debut ]]> http://www.proactiveinvestors.com.au/companies/news/147214/wangle-technologies-delivers-impressive-asx-debut-67230.html Wangle Technologies (ASX:WGL), (formally VTX Holdings, ASX:VTX), hit the ASX boards today after transitioning into the technology sector.

In afternoon trade, Wangle has rallied 25% to $0.046 a share, with 27 million shares changing hands.

The company has created a patent pending network software system that delivers greater transfer efficiency of data at faster speeds and lower cost to the consumer.

Wangle’s proprietary technology disrupts the global data market, which is experiencing increasing data usage and is unequipped to deal with future loads.

The company is well positioned to take advantage of the ongoing demand within the market for a technology solution to increase the efficiency and speed of data transfer.

Commercialisation of its technology will begin through a downloadable app by the end of March, targeting 500,000 paying subscribers by December 2018.

Revenue generation will commence in Q2 2016 with the implementation of a subscription based revenue model, with further commercialisation via the Enterprise and lucrative Hardware markets.

Wangle is well-funded with $4.3 million in cash to execute its growth strategy.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 26 Feb 2016 16:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147214/wangle-technologies-delivers-impressive-asx-debut-67230.html
<![CDATA[News - Wangle Technologies brings web optimisation to the ASX ]]> http://www.proactiveinvestors.com.au/companies/news/147213/wangle-technologies-brings-web-optimisation-to-the-asx-67205.html Wangle Technologies (ASX:WGL), (formally VTX Holdings, ASX:VTX), will hit the ASX boards at the open tomorrow, Friday 26th February 2016.

Wangle has fulfilled all requirements of the ASX listing rules, including compliance with listing and chapters 1 and 2.

The company will have around 521 million quoted securities.

The change came from VTX acquiring NexGen Networks, and then the transition to Wangle Technologies.

Wangle is NexGen’s web optimisation platform.

This platform positions the company at the forefront of a rapidly growing mobile Internet market, worth over $300 billion in 2014.

Wangle has significant advantages over its competitors, including enhancing security and privacy, increasing Internet speeds by up to 100%, lowering data consumption by up to 50% and geo masking for regionalised content delivery.

The enterprise development for business customers is also well underway.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 25 Feb 2016 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147213/wangle-technologies-brings-web-optimisation-to-the-asx-67205.html
<![CDATA[News - VTX Holdings wins shareholder approval to become Wangle Technologies ]]> http://www.proactiveinvestors.com.au/companies/news/147212/vtx-holdings-wins-shareholder-approval-to-become-wangle-technologies-66929.html VTX Holdings (ASX:VTX) is expected to be re-admitted to the ASX during February 2016 based on ASX guidance, which follows shareholder approval to acquire NexGen Networks Limited, and subsequently change its name to Wangle Technologies (ASX code pending).

Wangle has a very unique focus, with its ability to enhance Internet speeds, security and privacy - which places the company at the forefront of a rapidly growing mobile internet market.

Wangle will leverage growing demand from users for applications and tools to reduce data consumption, which comes as modern Internet applications require more and more data.

This month, NexGen will commence the second phase of its rollout strategy, which will see the launch of the Wangle app in Australia and New Zealand, targeting 250,000 users and expansion into Latin America.

NexGen will also begin to implement add-ons and subscriptions, adding the first revenue stream to the business model.

The company is well funded with $4.4 million cash at bank to fund the development and expansion of the Wangle platform.


Wangle eyes African revenue streams

The company has identified a significant market opportunity for Wangle in the African telecoms market, which is the world’s fastest growing and is expected to be worth over US$65 billion by 2018.

Recently, NexGen had entered into an exclusive partnership agreement with Spinova Pty Limited, a global business innovator that specialises in facilitating the entry of technology companies into emerging markets.

Spinova are expected to facilitate Wangle’s enterprise opportunity with Spinova already in advanced discussions with a number of leading African companies.


Soft Launch Commenced

NexGen commenced the soft launch of the Wangle app in Australia and New Zealand in late 2015.

The soft launch of Wangle over iOS and Android follows the successful completion of the Alpha testing phase of the platform in December and January.

The launch of the Wangle app is to occur across three phases, targeting an initial 1.8 million users within two years. Following completion of the soft launch (phase 1), phase 2 is expected to commence in February 2016, followed by the 3rd phase, which will include an official global launch in June 2016.

The launch phases of the Wangle Platform are as follows:

- Phase 1 (Nov 2015 – Feb 2016): Soft Launch to Australia and New Zealand, targeting 20,000 users within three months across both iOS and Android.

- Phase 2 (Feb 2016 – May 2016): Regional roll-out to Australia, New Zealand, South America and South Africa, targeting 250,000 users over iOS and Android.

- Phase 3 (June 2016 – July 2017): Global Official Launch, targeting an initial 1.8 million users globally over the iOS and Android platforms.


Analysis

Wangle is expected to be re-admitted to the ASX during February 2016, with first customers and revenues being high priorities for the company – which is planned to be from mobile device users locally, then globally.

The immediate geographical sector being targeted is the Australian and NZ mobile device users.

Wangle is therefore positioned as a key player in the global data movement industry, allowing users to watch more movies, sport and media in real time on their mobile, or in their home.

A current director of VTX Holdings, Andrew Haythorpe, has invested over $300,000 in the company so far.

The new company will start life with a healthy $4.4 million cash kitty.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 09 Feb 2016 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147212/vtx-holdings-wins-shareholder-approval-to-become-wangle-technologies-66929.html
<![CDATA[News - VTX Holdings' shareholders vote for transition to Wangle Technologies ]]> http://www.proactiveinvestors.com.au/companies/news/147211/vtx-holdings-shareholders-vote-for-transition-to-wangle-technologies-66355.html VTX Holdings (ASX:VTX) passed all resolutions at its AGM in December 2015, which included the change of activities, as the company moves through its transition process to Wangle Technologies.

A prospectus offer has also been closed, with the company seeking re-admission of its shares in January 2016.

VTX is acquiring NexGen Networks.

This platform positions the company at the forefront of a rapidly growing mobile Internet market, worth over $300 billion in 2014.

Wangle has significant advantages over its competitors, including enhancing security and privacy, increasing Internet speeds by up to 100%, lowering data consumption by up to 50% and geo masking for regionalised content delivery.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 24 Dec 2015 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147211/vtx-holdings-shareholders-vote-for-transition-to-wangle-technologies-66355.html
<![CDATA[News - VTX Holdings: Wangle to tap African enterprise market ]]> http://www.proactiveinvestors.com.au/companies/news/147210/vtx-holdings-wangle-to-tap-african-enterprise-market-65919.html VTX Holdings (ASX:VTX) is currently finalising the acquisition of NexGen Networks, and then the company will transition to Wangle Technologies.

“Wangle” is NexGen’s web optimisation platform.

This platform positions the company at the forefront of a rapidly growing mobile Internet market.

Wangle is now entering the African enterprise market via an exclusive partnership agreement with Spinova Pty Limited.

Spinova specialises in facilitating the entry of technology companies into emerging markets, and holds strong, long standing relationships with leading enterprises throughout the African continent.

Under the agreement, Spinova will promote NexGen’s revolutionary Wangle platform and facilitate opportunities for commercial growth across the African telecoms.

This market is forecast to be worth over US$65 billion by 2018.

Jason Gitmans, CEO, NexGen, commented: “We are extremely pleased with the third party recognition and validation from Spinova for our Wangle platform and offering.

"This agreement opens up significant revenue potential in a region and enterprise market that is largely untapped and has the fastest growing mobile subscriber population in the world.

"With the support and recognition of Spinova, we are excited by the opportunity and potential for our enterprise software in the African continent, which will form the basis of our global enterprise offering.”


Agreement roll-out

Partnership agreement will commence via a four stage testing roll out program:

- Stage 1: Initial proof of concept to commence at Stellenbosch University Data Centre in Cape Town, South Africa.

- Stage 2: Opportunity and prospects for Wangle’s use over university local area networks.

- Stage 3: Exploration of Wangle’s use over long distances, Country-wide.

- Stage 4: Exploration of the potential for Wangle’s use across the continent.


Analysis

Today's agreement provides strong validation for the Wangle platform and provides third party validation of its competitive and defensive offering to the enterprise market.

The partnership opens up significant revenue potential for Wangle, with Spinova already in advanced discussions with leading African companies.

Upcoming catalyst:

A shareholder meeting to consider the name change to Wangle Technologies and vote for the acquisition is being held on December 23.


Find out more, click here: VTX Holdings' Andrew Haythorpe in Proactive Q&A Sessions™

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 01 Dec 2015 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147210/vtx-holdings-wangle-to-tap-african-enterprise-market-65919.html
<![CDATA[News - VTX Holdings' Andrew Haythorpe in Proactive Q&A Sessions™ ]]> http://www.proactiveinvestors.com.au/companies/news/147209/vtx-holdings-andrew-haythorpe-in-proactive-qa-sessions-65913.html VTX Holdings’ (ASX:VTX) director, Andrew Haythorpe, has joined Proactive Q&A Sessions™ exclusively to discuss the timeline to closing the NexGen Networks acquisition, and the transition to Wangle Technologies.

“Wangle” is NexGen’s web optimisation platform.

This platform positions the company at the forefront of a rapidly growing mobile Internet market, worth over $300 billion in 2014.

Wangle has significant advantages over its competitors, including enhancing security and privacy, increasing Internet speeds by up to 100%, lowering data consumption by up to 50% and geo masking for regionalised content delivery.

The enterprise development for business customers is also well underway.


PROACTIVE INVESTORS: Welcome Andrew.


First of all Andrew, what is the feeling among shareholders regarding VTX’s transition?

Andrew Haythorpe: We had a very strong positive show at the AGM. The proxies for received thus far for the EGM – are also very much in favour.

We are confident this will be voted through with a landslide of support.


What are the next steps in the finalisation of the acquisition, and when do you expect the new name to become official?

Andrew Haythorpe: The upcoming meeting to consider the name change to Wangle Technologies and vote for the acquisition is being held on December 23, and we are feeling very secure about the compliance listing.

We have to raise $10,000 at 5c per share to satisfy the compliance and we have already had some supporters put their hand up for this.

Critical team members will be working through the festive season to have everything completed and paperwork ready for the ASX listing committee as quickly as possible.

I am looking forward to announcing that we have been given our Wangle Technologies listing date by the ASX.


Moving on to the new company, what is Wangle Technologies looking to achieve?

Andrew Haythorpe: There’s a lot of smarts behind this state of the art global disruption business - but what our customers and shareholders will see is simple and easy to use with faster data service, lower data consumption and privacy.

We have commenced the beta test phase – the goal is to iron out any last wrinkles that arise in the real world environment prior to launch.

First customers and first revenue are high priorities for the company – this is planned to be the mobile device users locally then globally.

Business Enterprise (supplying corporates) and globalisation opportunities are already being advanced.

We are focussed on opportunities where we are being funded to assist them in relieving their “data jams” and there is a large win opportunity for them and us – these have first priority.


Can you please outline which sectors demand is expected to come from?

Andrew Haythorpe: The immediate geographical sector being targeted is the Australian and NZ mobile device user – there are many customers and the current network service is patchy and poor.

Then globally, our offering will cater for a much broader range of needs with faster data speed, reduced data usage and privacy for mobile phones and main frames alike.

The scale of current data transfer globally is immense, and growing quicker than cable can be laid, or satellites launched.

We see Wangle Technologies as a key player in the global data movement industry, allowing more people to watch more movies, sport and media in real time on their mobile, or in their home.

For Universities, Corporates and Government, Wangle will improve the benefits of big data and the cloud.


Are you personally investing in the company, and what is the board’s stake in VTX?

Andrew Haythorpe: Yes. I have invested over $300,000 in the company so far.

The other directors and technical creators of Wangle Technologies have invested in major stakes in the company.

Combined, directors and insiders will own a very substantial and well balanced position in the company. This puts the company well ahead of many other listed companies.


Can you take us through current funding levels, and also quarterly cash burn?

Andrew Haythorpe: We are fully funded into revenue on current estimates.

The option exercise topped up treasury to over $5 million.

(Very) preliminary budgeting estimates a quarterly burn rate of some $500,000, with some “lumpy” advertising and promotional expenditures of the order of $1million – these can be committed, delayed or expanded according to cash balance and cash burn closer to the time in 2016.

And, with conservative revenue forecasting, the profits from revenue will exceed the spend.

The burn rate is mostly discretionary (not fixed) and low.

The “bang for our buck” that we are seeing so far – is large. It looks sensational for shareholders – and we are all shareholders.


Finally, why should an investor consider adding VTX Holdings to their portfolio?

Andrew Haythorpe: Simply – it ticks all of the boxes. The key criteria in my view are:

1. Scalability
2. Globalisation
3. Disruptiveness
4. Product virality
5. Stickiness of branding
6. Ease to understand the key value and communicate it
7. Founder commitment
8. Competitor and customer environment
9. Proximity to first revenue and first dividend
And finally – news flow!


PROACTIVE INVESTORS: Thank-you Andrew.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 01 Dec 2015 12:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147209/vtx-holdings-andrew-haythorpe-in-proactive-qa-sessions-65913.html
<![CDATA[News - VTX Holdings: Wangle set to launch web optimisation offerings ]]> http://www.proactiveinvestors.com.au/companies/news/147208/vtx-holdings-wangle-set-to-launch-web-optimisation-offerings-65799.html VTX Holdings (ASX:VTX) which is edging closing the NexGen Networks acquisition and re-branding to Wangle Technologies is days away from the "soft launch" of its web optimisation platform and application for iOS and Android users.

This follows the successful completion of the alpha testing phase and marks a key milestone for the roll out of Wangle.

Finalisation of the NexGen acquisition is slated for the 23rd December 2015.

Wangle's advantages over competitor products include security and privacy enhancement and increasing Internet speeds by up to a massive 100%.

This would lower data consumption by users of Wangle by up to 50% and geo masking for regionalised content delivery.

VTX is well funded to roll out the planned three phases of Wangle into consumer markets with $5 million in funds available.

The Wangle platform for consumer and enterprise platforms positions the company at the forefront of a rapidly growing mobile Internet market, worth over $300 billion in 2014.

Keaton Wallace, Director, NexGen Networks Limited said:

“We are excited to be entering the beta launch phase for the Wangle platform and product, after successfully completing the iOS and Android alpha testing phase. This marks a key milestone for the business as we progress to an important stage of live testing and development for our revolutionary web optimisation product.

“The Wangle platform has a first mover advantage across the video content market, estimated to account for over 65% of mobile data traffic by 2019, and as a Company we are excited by the opportunity ahead of us.”


Beta launch - Phase 1

Commencing on 30 November 2015, the Wangle beta launch will be rolled out in five stages, targeting 20,000 iOS and Android users within three months, initially commencing with a group of 1,000 Android users across Australia and New Zealand. 

Completion of the consumer beta launch program is targeted for February 2016.

Regional roll out - Phase 2 (Feb 2016 – May 2016).

This will involve a regional roll out to Australia, New Zealand, South America and South Africa, targeting 250,000 users over iOS and Android.

Global launch - Phase 3 (June 2016 – July 2017) will see the global official launch, targeting 1.8 million users globally over the iOS and Android platforms.

 

Analysis

With video content continuing to grow, and expected to account for 69% of mobile data traffic by 2019, Wangle is well positioned to capitalise on the growing demand from users for faster and efficient access to content.

Wangle's ability to potentially increase Internet speeds by up to 100%, lowering data consumption as well as enhance security and privacy for users is a competitive advantage over current offerings.

The planned price point compared to existing offerings which range from $6 up to $12 per month will increase take up rates.

With the launch of the consumer platform ready to roll, VTX will look to an initial commercialisation strategy for the enterprise version of the platform.

Finalisation of the acquisition of NexGen in December combined with planned roll out of Wangle should see the newly renamed Wangle in lift off share price mode. 

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 25 Nov 2015 09:33:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147208/vtx-holdings-wangle-set-to-launch-web-optimisation-offerings-65799.html
<![CDATA[News - VTX Holdings moves closer to finalisation of NexGen Networks acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/147207/vtx-holdings-moves-closer-to-finalisation-of-nexgen-networks-acquisition-65766.html VTX Holdings (ASX:VTX) is moving towards the finalisation of the NexGen Networks acquisition, and has now outlined the Notice of Meeting for 23rd December 2015, in Subiaco.

Shareholders will vote on the significant change to the nature and scale of its activities, being the acquisition of NexGen.

Among other matters, there will also be a vote on the name change to Wangle Technologies Limited.

Wangle™ is a web optimisation product with commercialisation opportunities.

Wangle™'s technology has the ability to enhance privacy and security and significantly increase Internet speeds whilst reducing data consumption across a range of devices.

The patents provide protection for NexGen’s proprietary network protocol and ‘last mile’ optimisation technology that underpins the Wangle™ products.

Wangle™'s ‘last-mile’ technology refers to the network connection between the customer’s handset and the Wangle™ servers which is a key competitive advantage.

Recently NexGen signed an agreement with Degordian, one the world’s leading full service digital and social media marketing agencies.

The agreement with Degordian is expected to accelerate customer acquisition of the Wangle™ App upon beta launch in November targeting 20,000 users throughout Australia and New Zealand.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 24 Nov 2015 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147207/vtx-holdings-moves-closer-to-finalisation-of-nexgen-networks-acquisition-65766.html
<![CDATA[News - VTX Holdings lodges two key U.S. patents for Wangle™ technology ]]> http://www.proactiveinvestors.com.au/companies/news/147206/vtx-holdings-lodges-two-key-us-patents-for-wangle-technology-65390.html VTX Holdings (ASX:VTX) is currently putting the final touches on the acquisition of NexGen Networks, which has itself successfully lodged two key patents in the US relating to the Wangle™ technology platform.

Wangle™ is a web optimisation product with commercialisation opportunities.

These include: Wangle™ app; Wangle™ Premium Services; and The Wangle™ enterprise offering. Wangle™ will be a free to download application (from Apple and Google Play stores).

Wangle™'s technology has the ability to enhance privacy and security and significantly increase Internet speeds whilst reducing data consumption across a range of devices.

The patents provide protection for NexGen’s proprietary network protocol and ‘last mile’ optimisation technology that underpins the Wangle™ products.

Wangle™'s ‘last-mile’ technology refers to the network connection between the customer’s handset and the Wangle™ servers which is a key competitive advantage.

Just last month NexGen signed an agreement with Degordian, one the world’s leading full service digital and social media marketing agencies.

The agreement with Degordian is expected to accelerate customer acquisition of the Wangle™ App upon beta launch in November targeting 20,000 users throughout Australia and New Zealand.

Degordian has been tasked with implementing a cost effective marketing strategy to promote the Wangle™ brand, acquire and monetise the user base.

The agency is one of 5,000 companies globally to hold Google Partner status and is credited as a preferred developer for Facebook.

Keaton Wallace, non-executive director, NexGen, commented:

“The successful lodgement of two patents to protect the technology behind the Wangle™ platform is an important next step in NexGen’s commercialisation strategy to provide defensibility for our core product offering.

"The patenting of the Wangle™ platform provides validation of our technology and will help us secure its position in the market.”


Additional patents

NexGen is working in conjunction with IP & Patenting specialist firm Griffith Hack to secure further protection of its Intellectual Property through the development of additional IP protection strategies, including further patents.

Griffith Hack is a globally renowned award-winning firm that builds, protects and grows businesses IP and has a number of top tier clients across all industries including mining, technology, gaming and research & development.

As NexGen continues to invest in its network optimisation technology and further research technologies it is of key importance that it seeks to secure the protection of its technology and its capabilities. 


Transaction Update

VTX is in the process of acquiring NexGen, having executed a Binding Terms Sheet and completed due diligence.

The acquisition is still subject to various conditions precedent including the receipt of shareholder approvals and the company expects to lodge a Notice of Meeting in this regard in the coming weeks.


Analysis

NexGen continues to push forward with its commercialisation strategy, and the patent protection will be key in safeguarding its technology.

VTX remains well-funded with over $5 million in cash, following the recent conversion of options.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 02 Nov 2015 14:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147206/vtx-holdings-lodges-two-key-us-patents-for-wangle-technology-65390.html
<![CDATA[News - VTX Holdings is cashed-up following option conversions ]]> http://www.proactiveinvestors.com.au/companies/news/147205/vtx-holdings-is-cashed-up-following-option-conversions-65342.html VTX Holdings (ASX:VTX) cash position has swelled to over $5 million, following the recent conversion of options.

The in-the-money $0.025 October 25th 2015 options delivered a windfall of $3.4 million, adding to the $1.9 million in cash at the end of September 2015.

With the company last trading at $0.048, shareholders are sitting on a paper gain of nearly double.

Directors of VTX were heavily involved in exercising this series of options as well, showing their support for the company.

VTX is transitioning into the tech sector through the acquisition of NexGen Networks.

The VTX Annual General Meeting has been called for the 30th November 2015, which will be followed by the EGM on a date to be determined.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 29 Oct 2015 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147205/vtx-holdings-is-cashed-up-following-option-conversions-65342.html
<![CDATA[News - VTX Holdings' NexGen Networks signs Wangle™ to leading agency ]]> http://www.proactiveinvestors.com.au/companies/news/147204/-vtx-holdings-nexgen-networks-signs-wangle-to-leading-agency--65200.html VTX Holdings' (ASX:VTX) NexGen Networks is stepping up the pace with its web optimisation application WangleTM, by signing an agreement with Degordian, one the world’s leading full service digital and social media marketing agencies.

VTX is transitioning into the tech sector through the acquisition of NexGen Networks, which has identified a pathway to monetising its new global brand, Wangle™.

A binding term sheet has been signed, due diligence completed and the acquisition is edging closer to completion in coming weeks.

The agreement with Degordian is expected to accelerate customer acquisition of the WangleTM App upon beta launch in November targeting 20,000 users throughout Australia and New Zealand.

Degordian has been tasked with implementing a cost effective marketing strategy to promote the Wangle™ brand, acquire and monetise the user base.

The agency is one of 5,000 companies globally to hold Google Partner status and is credited as a preferred developer for Facebook.

Wangle™ is a web optimisation product with commercialisation opportunities including: Wangle™ app; Wangle™ Premium Services; and The Wangle™ enterprise offering. Wangle™ will be a free to download application (from Apple and Google Play stores).

Degordian specialises in performance based campaigns working across client campaigns for leading brands such as Lufthansa, LEGO, Dell, Bosch and Heineken.

Upon a wider global launch, Degordian will roll out a wider campaign in parallel to NexGen’s additional marketing activities to achieve 100,000 users of the targeted total 250,000 users throughout February to May 2016.

 

Features of Wangle™

The power of the Wangle™ technology and application is to enhance privacy and security, increase internet speeds by up to 100% and lower data consumption by up to 50% across popular applications including Facebook, Netflix and Instagram.

WangleTM is positioned as a first mover in the video content market, with video content estimated to account for over 65% of mobile data traffic by 2019. 

The application is a contender to become a leading application to increase speed and data savings across video streaming sites, targeting a total of 2 million users by H1 2017. 


KPI's

Key Performance Indicators have been agreed between NexGen and Degordian and will be based on the number of user acquisitions and user retention developed by Degordian. 

NexGen expects the agreement to enable it to acquire a substantial amount of consumers through a number of channels and acquisition and retention campaigns.

Advertising and retention campaigns will run across Google and Facebook to acquire high quality users with high Average Revenue per User (ARPU) and Life Time Value (LTV). 

Degordian will provide web analytical services to track the cost per acquisition (CPA), ARPU, LTV and Return on Investment (ROI) of campaigns.

Keaton Wallace, Director, NexGen Networks said: “This  is the first  distribution agreement to form part of our marketing strategy to acquire the targeted number of users for beta launch in November and a wider global launch next year.

"I am confident in Degordian's ability to provide us with access to the necessary digital channels and analytical tools to enable us to acquire high quality users and sustain high levels of retention.

"Ahead of the beta launch we have a number of marketing strategies we will be implementing, which will enable us to reach our goal of 2 million users by H1 2017.”

 


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 21 Oct 2015 09:14:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147204/-vtx-holdings-nexgen-networks-signs-wangle-to-leading-agency--65200.html
<![CDATA[News - VTX Holdings receives cash boost from option exercise ]]> http://www.proactiveinvestors.com.au/companies/news/147203/vtx-holdings-receives-cash-boost-from-option-exercise-65182.html VTX Holdings (ASX:VTX) has now confirmed that another 8.8 million $0.025 options have been converted, raising $220,000.

This brings the converted total to just over 100 million, delivering more than $2.5 million in cash to VTX.

There are still another 109.6 million $0.025 options exercisable on or before Monday 25th October 2015, which if fully converted would provide another $2.7 million in cash.

With VTX last trading at $0.046, the options are still heavily in the money.

VTX is in the final stages of its transition into the tech sector, through the acquisition of NexGen Networks.

NexGen is poised to deliver world’s fastest mobile Virtual Private Network (VPN) solution through proprietary networking technology built into the NexGen app to offer increased speeds and lower data consumption.
 
Notably, this will include privacy protection and geographical masking capabilities of VPN technologies.
 
The technology has enabled users to access content unavailable in their region of residence demonstrating an improved user experience and key competitive advantage.
 
There is a significant market opportunity with up to 410 million VPN users globally.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 20 Oct 2015 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147203/vtx-holdings-receives-cash-boost-from-option-exercise-65182.html
<![CDATA[News - VTX Holdings: NexGen Networks defines monetisation path for Wangle™ ]]> http://www.proactiveinvestors.com.au/companies/news/147202/vtx-holdings-nexgen-networks-defines-monetisation-path-for-wangle-65052.html VTX Holdings (ASX:VTX) is in its final transition steps into the tech sector through the acquisition of NexGen Networks, which has itself identified a pathway to monetising its new global brand, Wangle™.

Wangle™ will be NexGen's web optimisation product with commercialisation opportunities including: Wangle™ app; Wangle™ Premium Services; and The Wangle™ enterprise offering.

Wangle™ will be a free to download application (from Apple and Google Play stores).

The power of the Wangle™ technology is to enhance privacy and security, increase internet speeds by up to 100% and lower data consumption by up to 50% across popular applications including Facebook, Netflix and Instagram.

Keaton Wallace, director for NexGen, commented: "The beta launch of Wangle™ is expected to commence imminently and we’re confident in the app’s capabilities to be able to progress a full global roll-out in February 2016.

“The capabilities of WangleTM to increase the privacy and safety of users, whilst enhancing the user experience with increased speeds and lower data consumption makes it a truly unique product in a massive and growing market.

"It is at the forefront of the industry and positioned to become a leading application as people demand access to higher speed and lower data as video content becomes increasingly prevalent.”

The monetisation and roll-out strategy of the product across new markets is expected to commence in early 2016 following beta phase.

The initial key target markets include Latin America and the U.S., which the company said would target over 250,000 users.

Wangle™ is therefore positioned as a first mover in the video content market, with video content estimated to account for over 65% of mobile data traffic by 2019.


Pathway to monetisation

NexGen has a clear path to monetisation for the app, with a strong focus on growing the user base whilst also providing opportunities to refine the product ahead of its enterprise solution launch.

1. The first phase of the roll-out strategy will commence in November 2015. The Wangle™ iOS and Android app will be launched in a Beta phase exclusively to 20,000 users within Australia and New Zealand.

Users will stress test the platform over a period of 3 months which will enable NGN to review and implement any changes or upgrades as required.

2. The second phase is expected to take place during February – May 2016 and will see a full launch of the app within key markets including expansion to Latin America and the U.S. and release of the add-on subscriptions adding the first revenue stream. This phase will target 250,000 users.

3. The third phase in June 2016 will see the app released to a global audience and targets an additional 2 million users by the end of H1 2017.

This phase will also see the enterprise and developer offering released, which will initially target firms who require the capacity to manage increasing data loads, but cannot afford the high cost of upgrading hardware.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 12 Oct 2015 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147202/vtx-holdings-nexgen-networks-defines-monetisation-path-for-wangle-65052.html
<![CDATA[News - VTX Holdings' cash pot grows as heavily in-the-money options exercised ]]> http://www.proactiveinvestors.com.au/companies/news/147201/vtx-holdings-cash-pot-grows-as-heavily-in-the-money-options-exercised-65028.html VTX Holdings (ASX:VTX) has raised another $394,000 from the exercise of October 25th 2015 $0.025 options, which are heavily in-the-money.

Shares in VTX closed at $0.048 on Friday, close to double the option price, and have recently traded as high as $0.08 following the acquisition of NexGen Networks.

This brings the total to circa $2.3 million from conversion, but this could be just the beginning.

There are still (XXXX OPTIONS) on issue, which could still deliver a ($$$ windfall, I can calculate once I know options still on issue).

VTX Holdings is in the final stages of its transition to the technology sector through the reverse takeover of NexGen Networks

NexGen has developed cutting edge software technology, which uses intelligent customised algorithms to optimise data flow between devices and facilitates faster speeds on existing hardware.

Funds from the option conversion will be used to finalise the android and apple versions of the technology.
 
The next step for the company will be to then rapidly deploy the technology.
 
 
NexGen targets US$81 billion sector
 
NexGen is poised to deliver world’s fastest mobile Virtual Private Network (VPN) solution through proprietary networking technology built into the NexGen app to offer increased speeds and lower data consumption.
 
Notably, this will include privacy protection and geographical masking capabilities of VPN technologies.
 
The technology has enabled users to access content unavailable in their region of residence demonstrating an improved user experience and key competitive advantage.
 
There is a significant market opportunity with up to 410 million VPN users globally, which is forecast to top US$81 billion in revenues by 2016 (Global Web Index).

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 12 Oct 2015 07:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147201/vtx-holdings-cash-pot-grows-as-heavily-in-the-money-options-exercised-65028.html
<![CDATA[News - VTX Holdings' heavily in-the-money options could deliver cash windfall ]]> http://www.proactiveinvestors.com.au/companies/news/147200/vtx-holdings-heavily-in-the-money-options-could-deliver-cash-windfall-64831.html VTX Holdings (ASX:VTX) is in the final stages of its transition to the technology sector through the reverse takeover of NexGen Networks.
 
NexGen has developed cutting edge software technology, which uses intelligent customised algorithms to optimise data flow between devices and facilitates faster speeds on existing hardware.
 
Adding some interest to the newly forming company is an expected cash windfall.
 
Currently VTX has 134 million $0.025 October 2015 options on issue, which are heavily in the money as the company last traded at $0.05.
 
Full exercise of these options would deliver circa $3.3 million in cash.
 
The options expire on October 25th 2015.
 
Andrew Haythorpe, director, commented: "I was more than happy to exercise the options and increase my shareholding, as I see this as a most scalable business opportunity.
 
"There is a substantial market for faster data speed and lower costs - both for consumers and businesses alike.
 
"This demand has been insatiable for as long as I can remember."
 
Funds from the option conversion will be used to finalise the android and apple versions of the technology.
 
The next step for the company will be to then rapidly deploy the technology.
 
 
NexGen targets US$81 billion sector
 
NexGen is poised to deliver world’s fastest mobile Virtual Private Network (VPN) solution through proprietary networking technology built into the NexGen app to offer increased speeds and lower data consumption.
 
Notably, this will include privacy protection and geographical masking capabilities of VPN technologies.
 
The technology has enabled users to access content unavailable in their region of residence demonstrating an improved user experience and key competitive advantage.
 
There is a significant market opportunity with up to 410 million VPN users globally, which is forecast to top US$81 billion in revenues by 2016 (Global Web Index).
 
The technology has enabled users to access content unavailable in their region of residence demonstrating an improved user experience and key competitive advantage.
 
NexGen’s technology also has potential to optimise internet bandwidth use with recent trials reducing Netflix and Instagram data usage by up to 53% and 57%.
 
This is timely given the growing demand for on-demand video services, which have placed existing networks under strain.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 30 Sep 2015 07:10:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147200/vtx-holdings-heavily-in-the-money-options-could-deliver-cash-windfall-64831.html
<![CDATA[News - VTX Holdings' Andrew Haythorpe makes fit investment with option exercise ]]> http://www.proactiveinvestors.com.au/companies/news/147199/vtx-holdings-andrew-haythorpe-makes-fit-investment-with-option-exercise-64581.html VTX Holdings (ASX:VTX) director Andrew Haythorpe has increased his stake in the company through the exercise of 280,000 $0.025 options.

Haythorpe has been building his stake in the company over the past year, participating in a private placement for $100,000 and the Share Purchase Plan, and is now exercising options.

VTX is acquiring NexGen Networks - which has the potential to deliver the world’s fastest mobile Virtual Private Network (VPN) solution.

The technology has enabled users to access content unavailable in their region of residence demonstrating an improved user experience and key competitive advantage.

VTX shares last traded at $0.05, or double the exercise price, and have been as high as $0.08 post the NexGen deal.

Haythorpe now holds a significant indirect stake of 15 million shares and 10 million unlisted options, with a second holding of 6.78 million shares and 20,000 listed options.


Options exercise boosting cash balance

VTX has already raised close to $1.9 million from the exercise of the company's $0.025 options, and it’s about to get a lot more.

Currently there is still around 134 million $0.025 options on issue with an expiry on or before 25 October 2015, and considering how far in-the-money they are, full exercise would bring in another $3.35 million.

Add to this 67 million $0.025 options with an expiry on or before 31 August 2018, and full exercise would bring in  $1.7 million.


NexGen is the new VTX

The acquisition of NexGen is in its final stages, and then VTX will then change its name to NexGen Networks - and re-list on the ASX.

The potential of NexGen is fascinating, as the global VPN services market is expected to top US$81 Billion by 2016.

Tapping just a fraction of this could be company making.

NexGen continues to refine its monetisation strategy with further research in the sector to establish a compelling offering for both consumer and enterprise markets.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 18 Sep 2015 06:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147199/vtx-holdings-andrew-haythorpe-makes-fit-investment-with-option-exercise-64581.html
<![CDATA[News - VTX Holdings: NexGen app to deliver ultra-fast mobile VPN ]]> http://www.proactiveinvestors.com.au/companies/news/147198/vtx-holdings-nexgen-app-to-deliver-ultra-fast-mobile-vpn--64503.html VTX Holdings (ASX:VTX) will soon be known as NexGen Networks post the finalisation of a reverse takeover, and NexGen has been making significant market opportunity and technology advancements recently.

NexGen is poised to deliver world’s fastest mobile Virtual Private Network (VPN) solution through proprietary networking technology built into the NexGen app to offer increased speeds and lower data consumption.

Notably, this will include privacy protection and geographical masking capabilities of VPN technologies.

The technology has enabled users to access content unavailable in their region of residence demonstrating an improved user experience and key competitive advantage.

There is a significant market opportunity with up to 410 million VPN users globally, which is forecast to top US$81 Billion in revenues by 2016 (Global Web Index).

The technology has enabled users to access content unavailable in their region of residence demonstrating an improved user experience and key competitive advantage

NexGen director, Keaton Wallace, commented:

“Providing an additional capability within the NexGen application has significantly expanded our target market to include the rapidly growing VPN sector.

"As consumers demand the ability to access content available outside of their country VPNs have seen a substantial amount of demand.

"As this demand continues to grow NGN is well positioned to take advantage of this trend.

"Our ability to also provide a superior user experience with increased speeds and lower data consumption will set us apart from existing VPN providers in the market, which typically have lower performance.”


Privacy Benefits

NexGen said that the app is positioned to take advantage of the rising demand for video content, which is driving the increase in data traffic.

A key benefit for NexGen customers would be the ability to utilise the privacy benefits of a VPN without the performance loss typically associated with these services.

That is, users accessing Netflix and other video streaming service providers can actually improve their speed and quality experience whilst reducing their data consumption.


Analysis

With the global VPN services market expected to top US$81 Billion by 2016 the potential for the NexGen platform and offering is considerable.

NexGen continues to refine its monetisation strategy with further research in the sector to establish a compelling offering for both consumer and enterprise markets.

Application are on schedule to launch with VPN feature included November 2015 on the Android OS and on iOS in December.

Transaction update:

The VTX acquisition of NexGen is still subject to the receipt of shareholder approvals and the company expects to lodge a Notice of Meeting in this regard in the coming weeks.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 14 Sep 2015 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147198/vtx-holdings-nexgen-app-to-deliver-ultra-fast-mobile-vpn--64503.html
<![CDATA[News - VTX Holdings: NexGen Networks focused on monetisation strategy ]]> http://www.proactiveinvestors.com.au/companies/news/147197/vtx-holdings-nexgen-networks-focused-on-monetisation-strategy-64351.html VTX Holdings (ASX:VTX) has in 2015 been a share price outperformer as the company moves through the final stages of acquiring NexGen Networks.

Settlement of the transaction will be around 8 to 10 weeks.

VTX last traded at $0.065, or around six times higher since the acquisition was announced.

NexGen has a clear strategy of commercialising its technology, and has a board with a proven history of client acquisition and the ability to monetise its assets.

The company has developed software technology which uses intelligent customised algorithms to optimise data flow between devices.

This facilitates faster speeds on existing hardware.

The board of NexGen includes Keaton Wallace, who is a founder and executive director of ZipTel Limited (ASX:ZIP).

ZipTel's market capitalisation has increased seven fold in just the past year.


NexGen's latest test results

NexGen has now delivered more preliminary test results of NGN Android application across key web and streaming platforms, with the delivery of the Alpha version ahead of schedule.

Key material data savings recorded:

- Facebook – up to 52% (up to 50MB per hour saved)
- Netflix – up to 53% (up to 90MB per hour saved)
- Instagram – up to 57% (up to 36MB per hour saved)

This in essence confirms that consumers can materially reduce their data usages and therefore costs on mobile.

NexGen now has a monetisation strategy under development, along with an IP protection strategy in place and evolving through the development of the Android application.

The company said that further testing is in progress focused on the collection of metrics relating to network speed and user experience optimisations on Alpha version.

Cameron Worth, technical and commercial advisor to VTX, commented:

“This further round of testing has demonstrated the technologies clear ability to reduce the data consumption across widely used consumer platforms and the ability to potentially deliver significant cost savings to the consumer.

“We’re delighted with the results achieved across the Android application in development and are encouraged that the application will deliver further efficiencies as it undergoes further development and testing ahead of the Alpha version soft launch, expected in November 2015.”


NexGen case study

NexGen has continued the development of its monetisation strategy.

The company said based on an internal analysis of infrastructure and operating costs, NexGen has devised an indicative internal pricing model, which could provide cost savings to consumers in both Australia and New Zealand via completed case studies.

Based on an average cost of between $1 and $4 per month per user for the NGN application an average consumer could save between $55 and $91 through lowering their data consumption.

This is based on an average data plan of $180 per year with consumption of 1GB of data per month and the average data savings generated by NexGen of 57%.

This alone has highlighted a possible Return on Investment of between 1200% and 4800% and Average Revenues Per User (ARPU) of between $12 and $48 per annum.

The company added that it continues to further refine and develop this strategy.


Chapters 1&2

VTX will seek approval to change its name to NexGen Networks in conjunction with the transaction, along with re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 03 Sep 2015 09:10:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147197/vtx-holdings-nexgen-networks-focused-on-monetisation-strategy-64351.html
<![CDATA[News - VTX Holdings bags $1.2M in cash from option conversions ]]> http://www.proactiveinvestors.com.au/companies/news/147196/vtx-holdings-bags-12m-in-cash-from-option-conversions-63559.html VTX Holdings (ASX:VTX) has increased its cash position following the exercise of company options.

VTX is acquiring NexGen Networks, which strategically diversifies and expands the operations of the company into the fast growing global mobile technology sector, worth over $100 billion annually.

NexGen’s technology disrupts a rapidly growing sector of data usage and transfers allowing bigger packets of already compressed data to be sent more effectively, facilitating faster speeds on existing hardware.


Option exercise

The company in total has raised over $1.2 million from the conversion of around 50 million options, boosting the company's cash balance.


Issued capital

Post the latest conversion, VTX has 370.9 million shares and 160.5 million $0.025 options (expiry 25 October 2015) listed on the ASX.

The company also has 68.6 million unlisted $0.025 options, exercisable on or before 31 August 2018.


NexGen technology

The technology has demonstrated over 300% increase in data speed and over 30% data volume reduction on the world wide web.

What this means is that NexGen's IP technology allows today’s infrastructure, plans and devices to deliver tomorrow’s bandwidth.

Global internet data usage is expected to grow at 21% annually, with forecasts of 19 billion global network connections by 2017.

The problem is the infrastructure to support this is not progressing at the same pace.

NexGen though may have a potential solution.

The next steps for VTX and NexGen is to commence a commercialisation strategy planning to monetise and roll out the technology in coming months.

VTX will seek approval to change its name to NexGen Networks in conjunction with the transaction, along with re-compliance with Chapters 1 and 2 of the ASX Listing Rules.


NexGen to team with Simplisite Business Solutions

Last month, NexGen entered into an agreement with Simplisite Business Solutions to deliver the next phase of testing and development of the company's technology.

This includes overseeing consumer based testing and development of iOS and Android Apps.

The agreement provides NexGen with the resources and expertise to fast-track the next phase of development and accelerate its time-to-market.

Cam Worth, co-founder of Simplisite Business Solutions, at the time said that the technology has demonstrated outstanding results during the due diligence testing period.

Worth also added the technology has potential to improve user experience and optimise data levels across the world’s major social media platforms.

These include Facebook, Instagram, YouTube, iTunes and Netflix and is marketable to every Smartphone user around the globe.

Worth has been appointed as full-time lead manager to oversee NexGen’s next development stages post the successful completion of due diligence.

He has been engaged to assemble a dedicated specialist team to drive further optimization, product enhancements and test speeds on some of the world’s leading social and streaming media platforms with over 3 billion potential customers.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 11 Aug 2015 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147196/vtx-holdings-bags-12m-in-cash-from-option-conversions-63559.html
<![CDATA[News - VTX Holdings acquiree NexGen could improve Facebook, YouTube experience ]]> http://www.proactiveinvestors.com.au/companies/news/147195/vtx-holdings-acquiree-nexgen-could-improve-facebook-youtube-experience-63582.html VTX Holdings (ASX:VTX) is acquiring NexGen Networks, which has developed cutting edge software technology to optimise data flow between devices and facilitates faster speeds on existing hardware.

The acquisition of NexGen strategically diversifies and expands the operations of VTX into the fast growing global mobile technology sector, worth over $100 billion annually.

NexGen has now entered into an agreement with Simplisite Business Solutions to deliver the next phase of testing and development of the company's technology.

This includes overseeing consumer based testing and development of iOS and Android Apps.

The agreement provides NexGen with the resources and expertise to fast-track the next phase of development and accelerate its time-to-market.

Cam Worth, co-founder of Simplisite Business Solutions, said that the technology has demonstrated outstanding results during the due diligence testing period.

Worth also added the technology has potential to improve user experience and optimise data levels across the world’s major social media platforms.

These include Facebook, Instagram, YouTube, iTunes and Netflix and is marketable to every Smartphone user around the globe.

Worth has been appointed as full-time lead manager to oversee NexGen’s next development stages post the successful completion of due diligence.

He has been engaged to assemble a dedicated specialist team to drive further optimization, product enhancements and test speeds on some of the world’s leading social and streaming media platforms with over 3 billion potential customers


Analysis

VTX Holdings has successfully carried out the due diligence process over the past month on NexGen, and the appointment Worth provides further validation of the technology and its global appeal.

NexGen’s technology disrupts a rapidly growing sector of data usage and transfers allowing bigger packets of already compressed data to be sent more effectively, facilitating faster speeds on existing hardware.

The technology has demonstrated over 300% increase in data speed and over 30% data volume reduction on the world wide web.

The next steps for VTX and NexGen is to commence a commercialisation strategy planning to monetise and roll out the technology in coming months.

VTX will seek approval to change its name to NexGen Networks in conjunction with the transaction, along with re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

Upcoming key catalyst:

NexGen is currently operating in alpha mode; the next milestone includes the delivery of a further optimised Beta Application on Android in Q4 2015

The technology has been shown to work effectively on video data and over encrypted connections, opening up significant opportunities based on the current global demand for digital video content and secure / private data exchange over the Internet.


Transaction Terms

VTX paid a non-refundable cash deposit of $100,000 upon execution of the Terms Sheet to NexGen as initial consideration, and shall issue 240,000,000 shares and 160,000,000 performance shares to the vendors.

In addition, VTX has agreed to loan up to $500,000 in 5 equal monthly instalments, with each advance able to be converted into a 4% equity interest in NexGen resulting in an aggregate of 20% interest in NexGen if all advances are converted.

The Transaction is conditional on a number of conditions precedents.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 22 Jul 2015 09:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147195/vtx-holdings-acquiree-nexgen-could-improve-facebook-youtube-experience-63582.html
<![CDATA[News - VTX Holdings tops most traded Wednesday with 85 million ]]> http://www.proactiveinvestors.com.au/companies/news/147194/vtx-holdings-tops-most-traded-wednesday-with-85-million-63478.html Wednesday’s leading volume stocks on the ASX.

NameCodeLastChangeVolume VTX Holdings ASX:VTX $0.069 7.8% 85,564,097 Aleator Energy ASX:AWD $0.01 42.9% 69,018,479 Rampart Energy ASX:RTD $0.001 0% 46,421,054 Galicia Energy Corporation ASX:GAL $0.013 44.4% 42,739,721 South32 Limited ASX:S32 $1.77 0.6% 41,888,394 Ramelius Resources ASX:RMS $0.115 0% 29,374,496 Lynas Corporation ASX:LYC $0.042 7.7% 22,556,662 Telstra Corporation ASX:TLS $6.38 0.9% 20,270,918 Fortescue Metals Group ASX:FMG $1.775 -0.8% 18,922,706 White Cliff Minerals ASX:WCN $0.008 14.3% 18,612,713

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 16 Jul 2015 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147194/vtx-holdings-tops-most-traded-wednesday-with-85-million-63478.html
<![CDATA[News - VTX Holdings in company defining acquisition of NexGen Networks ]]> http://www.proactiveinvestors.com.au/companies/news/147193/vtx-holdings-in-company-defining-acquisition-of-nexgen-networks-63459.html VTX Holdings (ASX:VTX) shares are expected to trade higher after the company exits an ASX trading halt following the successful completion of due diligence on the acquisition of NexGen Networks Limited (NGN).

The acquisition of NexGen strategically diversifies and expands the operations of VTX into the fast growing global mobile technology sector, worth over $100 billion annually.

NexGen’s technology disrupts a rapidly growing sector of data usage and transfers allowing bigger packets of already compressed data to be sent more effectively, facilitating faster speeds on existing hardware.

The technology has demonstrated over 300% increase in data speed and over 30% data volume reduction on the world wide web.

What this means is that NexGen's IP technology allows today’s infrastructure, plans and devices to deliver tomorrow’s bandwidth.

Global internet data usage is expected to grow at 21% annually, with forecasts of 19 billion global network connections by 2017.

The problem is the infrastructure to support this is not progressing at the same pace.

NexGen though may have a potential solution.

The next steps for VTX and NexGen is to commence a commercialisation strategy planning to monetise and roll out the technology in coming months.

VTX will seek approval to change its name to NexGen Networks in conjunction with the transaction, along with re-compliance with Chapters 1 and 2 of the ASX Listing Rules.


Due diligence details

- Over 1,400 tests conducted in a 96-hour period, processing over 13.8 GB of data across key market channels.

- Tests conducted demonstrate considerable data transfer optimisation across video, audio and file transfers.

- Outstanding results achieved within testing environment and throughout testing period:
-- Increased speed transfers of over 100%;
-- Peaks over 300%; and
-- Minimum data savings of 18% with peaks as high as 42%.


Test results

VTX said that testing highlighted further potential and new opportunities within the enterprise sector – I.T enterprise spend estimated to reach $3.9 trillion globally by the end of 2015.

There is also significant market opportunity for NexGen technology, addressing initial target of over 3 billion smartphone and tablet users globally.

Earlier in the month VTX appointed Cam Worth as an Independent Technical and Commercial Advisor to the board to advise on the technology potential and commercialisation strategy of NexGen.

Worth commented: “The NGN system has delivered impressive results under test conditions.

"Even under load, and over encrypted channels the results demonstrated optimisation and efficiencies beyond levels currently in the market.

"NGN have an exciting opportunity in data transfer optimisation as demand grows for quicker transfer speeds at lower data levels.”


About NexGen’s technology

The technology creates and enables material efficiencies to occur between data flows through its proprietary customised algorithms, which leverages and optimises data flows based on historical user experience and usage.

In particular, the technology reduces the level of data transferred in excess of 30%, based on intelligent analysis and repackaging of ‘new data’ being transferred between networks.

The ability to deliver such optimal results is due to NexGen’s customised virtual based technology, which re-directs data through to its own proprietary server, delivering faster and more efficient data usage to each user through existing infrastructure.

NexGen extends the life of a company’s investment in hardware. Built in a virtual environment, the technology is readily scalable, has built in safe guards against data loss, includes high availability design, and is encrypted for better security.


Transaction Terms

VTX paid a non-refundable cash deposit of $100,000 upon execution of the Terms Sheet to NexGen as initial consideration, and shall issue 240,000,000 shares and 160,000,000 performance shares to the vendors.

In addition, VTX has agreed to loan up to $500,000 in 5 equal monthly instalments, with each advance able to be converted into a 4% equity interest in NexGen resulting in an aggregate of 20% interest in NexGen if all advances are converted.

The Transaction is conditional on a number of conditions precedents.


Analysis

VTX has now successfully completed its due diligence regarding the acquisition of NexGen Networks.

The acquisition will propel VTX into a significant $100 billion global market opportunity, initially targeting the mobile technology sector with 2.2 billion smartphone users, expected to grow to 3 billion by 2018.

The move also establishes early mover advantage, and the potential to be first to market technology that substantially extends and enhances the life of existing hardware, creating scalable efficiencies in the speed and transfer of content.

An added advantage is the platform, is highly scalable with minimal capital expenditure required to fund future growth.

VTX will seek approval to change its name to NexGen Networks in conjunction with the transaction, along with re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

Upcoming key catalyst:

NexGen is currently operating in alpha mode; the next milestone includes the delivery of a further optimised Beta Application on Android in Q4 2015

The technology has been shown to work effectively on video data and over encrypted connections, opening up significant opportunities based on the current global demand for digital video content and secure / private data exchange over the Internet.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 15 Jul 2015 09:50:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147193/vtx-holdings-in-company-defining-acquisition-of-nexgen-networks-63459.html
<![CDATA[News - Vortex Pipes updates on deployment of its trenchless pressure pipeline rehabilitation system ]]> http://www.proactiveinvestors.com.au/companies/news/147192/vortex-pipes-updates-on-deployment-of-its-trenchless-pressure-pipeline-rehabilitation-system-53827.html Vortex Pipes’ (ASX: VTX) proprietary trenchless pressure pipeline rehabilitation continues to be the subject on due diligence investigations by The Kelley Group for deployment into the U.S. market.

The Kelley Group have focussed on the engineering aspects of the ShieldLiner system and distribution for the U.S. oil and gas pipeline sectors.

Vortex is also in early stage discussions with a number of other potential strategic partners that are related to the trenchless resin, water, oil and gas pipeline sectors in the U.S.

The company has recently opened discussions with a leading European based infrastructure investment and financing group to explore opportunities within the group’s portfolio assets and other industry areas in Europe and globally.

It has also started planning for a U.S. engineering firm to build an updated ShieldLiner System in conjunction with updated patent applications relating to ShieldLiner Generation II.

The ShieldLiner Generation II design will be engineered for distribution to potential strategic investors related to the water, oil and gas pipeline rehabilitation sectors in the US and around the world.

Both the US Department of Energy and the Department of Environment have requested to view the operation of the ShieldLiner Generation II.

The ShieldLiner Technology is a world first, proprietary trenchless pipe rehabilitation technology, developed in-house, which restores the structural integrity and functionality of damaged or ageing pipelines.

It utilises pressure to impregnate structural resins through the new thin liner and the existing damaged pipe line, without any excavation required.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 21 Mar 2014 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147192/vortex-pipes-updates-on-deployment-of-its-trenchless-pressure-pipeline-rehabilitation-system-53827.html