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  1. #16
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    Syft Market Release of Unaudited Results for FY2019

    Syft delivers operational revenue of $21.0m up 70%.
    Operating profit of $4.8m up 343%.
    Letter of Intent with Semiconductor manufacturer, Micron, turns in to purchase orders worth NZD$13.3m to date.

    Performance Highlights (NZD)

    Strong sales growth and recurring revenue
    • Syft continues to achieve consecutive years of high growth with sales up a record 70% YOY.
    • Growth rates continue to increase as more sales creates more customer advocates.
    • Staff increase 35% from 78 people to 105 people.
    • Many new large-scale customers and reorders from existing customers.

    Corporate milestones
    • We have successfully opened an office in Korea, which is helping to strengthen our position in the Semiconductor market.
    • We have employed Jihoon Lee, based in our Korean office, as our sales leader.
    • We expect to make more senior appointments in production, development, and sales, as the scale and footprint of our business increases. Many of these positions will be overseas based.
    • We have introduced a next generation “Infinity” instrument, that delivers much higher performance specifications, and this is driving our growth in the Semiconductor market.

    Changes to the Board of Directors
    As part of a planned Board re-fresh Syft announces today the appointment of Desh Edirisuriya as a Director.

    Desh has a high level of expertise in R&D, manufacturing operations, quality management systems and business improvement methodologies, a skill set very relevant to Syft’s specialist manufacturing demands. He knows the company well having acted as a consultant in recent times. Desh will bring a wealth of knowledge and experience to the table and as the pace of instrument production continues to grow his skill set will be highly valuable to Syft. Desh currently serves as the General Manager Business Excellence for Fisher and Paykel Healthcare. Desh replaces Martin Goldfinch, an ACC appointed director, who has resigned today.

    About Syft Technologies
    Syft Technologies designs and manufactures revolutionary scientific instrumentation that enables instant detection of most gaseous chemicals.

    Customers include:
    • Global companies such as Samsung, LG, SC Johnson, Ford, and Kraft Heinz Company.
    • Universities such as Harvard, Stanford, Imperial College and Cleveland Clinic.
    • Government agencies such as Australian and Canadian Customs.

    In a diverse range of industries including semiconductor manufacturing, pharma, vehicle testing, environmental monitoring, and food and flavour research. Syft instruments deliver a combination of unique attributes: high selectivity, very low limits of detection, high throughput, ease of use, and very low total cost of ownership. Syft provides class-leading after-sales support.

  2. #17
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    Quote Originally Posted by Arthur View Post
    Syft Market Release of Unaudited Results for FY2019

    Syft delivers operational revenue of $21.0m up 70%.
    Operating profit of $4.8m up 343%.
    Letter of Intent with Semiconductor manufacturer, Micron, turns in to purchase orders worth NZD$13.3m to date.

    Performance Highlights (NZD)

    Strong sales growth and recurring revenue
    • Syft continues to achieve consecutive years of high growth with sales up a record 70% YOY.
    • Growth rates continue to increase as more sales creates more customer advocates.
    • Staff increase 35% from 78 people to 105 people.
    • Many new large-scale customers and reorders from existing customers.

    Corporate milestones
    • We have successfully opened an office in Korea, which is helping to strengthen our position in the Semiconductor market.
    • We have employed Jihoon Lee, based in our Korean office, as our sales leader.
    • We expect to make more senior appointments in production, development, and sales, as the scale and footprint of our business increases. Many of these positions will be overseas based.
    • We have introduced a next generation “Infinity” instrument, that delivers much higher performance specifications, and this is driving our growth in the Semiconductor market.

    Changes to the Board of Directors
    As part of a planned Board re-fresh Syft announces today the appointment of Desh Edirisuriya as a Director.

    Desh has a high level of expertise in R&D, manufacturing operations, quality management systems and business improvement methodologies, a skill set very relevant to Syft’s specialist manufacturing demands. He knows the company well having acted as a consultant in recent times. Desh will bring a wealth of knowledge and experience to the table and as the pace of instrument production continues to grow his skill set will be highly valuable to Syft. Desh currently serves as the General Manager Business Excellence for Fisher and Paykel Healthcare. Desh replaces Martin Goldfinch, an ACC appointed director, who has resigned today.

    About Syft Technologies
    Syft Technologies designs and manufactures revolutionary scientific instrumentation that enables instant detection of most gaseous chemicals.

    Customers include:
    • Global companies such as Samsung, LG, SC Johnson, Ford, and Kraft Heinz Company.
    • Universities such as Harvard, Stanford, Imperial College and Cleveland Clinic.
    • Government agencies such as Australian and Canadian Customs.

    In a diverse range of industries including semiconductor manufacturing, pharma, vehicle testing, environmental monitoring, and food and flavour research. Syft instruments deliver a combination of unique attributes: high selectivity, very low limits of detection, high throughput, ease of use, and very low total cost of ownership. Syft provides class-leading after-sales support.

    I wondered why there was recent interest, now I know/

  3. #18
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    It seems that interest in this company increases. The unaudited results for FY2019 are very positive. The sp rises.
    So far, so good. At this stage I am very enthusiastic!

  4. #19
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    Default IMHO Has potential

    Quote Originally Posted by garfy View Post
    It seems that interest in this company increases. The unaudited results for FY2019 are very positive. The sp rises.
    So far, so good. At this stage I am very enthusiastic!
    https://www.syft.com/wp-content/uplo...eport-2019.pdf
    disclosure I have some

  5. #20
    percy
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    Syft agm.
    Agm started at 1pm.Outgoing Chair R Richardson spoke well.Then handed over to MD Don Hastie,whose enthusism radiated.He then handed over to the CFO,who spoke well.We then heard from another four or five staff who included, sales,R & D,production etc .All spoke well.Then we saw an excellent video of what and where they do things.All incredibly postive.
    Concentrating on Semicom and Enviroment,however still working on other areas,such as ;pharmaceutical industry,breath research and food processing.
    Air monitoring.Only manufacturer of "real time" equipment.So no need to send samples to laboratories.This is very important.
    Used in container safety,outdoor air quality,odour emissions,indoor air quality,vehicle emissions,and laboratories.
    Staff numbers have increased from 46 in 2017 to 101 in 2019 and today 113.
    Revenue growth 2015 ..6%.......2016..15%..........2017..36% ..........2018..49%..............2019 ..69%
    ROE ...24%............Margin 61% which they are looking to improve.
    MD was asked about listing on NZX.Sorry I should have done some work on that this year,however I have been to busy...lol.
    Most probably the best presentations I have ever seen at an agm.
    A big meeting,with many original shareholders.Had to leave early,however I can only say if you hold Syft shares you are "well postioned".
    After all that I see the presentation is now USX site.Better check my facts?.!
    Last edited by percy; 20-08-2019 at 05:54 PM.

  6. #21
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    Thank you for the update Percy. Interesting response on NZX query - was one of the questions on my email list (never sent) for the company!
    At the moment, I'm happy with my little foray.

  7. #22
    percy
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    Quote Originally Posted by SylvesterCat View Post
    Thank you for the update Percy. Interesting response on NZX query - was one of the questions on my email list (never sent) for the company!
    At the moment, I'm happy with my little foray.
    Before the meeting I knew a bit of their history.I learnt so much from attending the meeting.Learnt more in an hour and a half than I would have reading up on them for a year.!!The people are passionate,they have "the edge", and now the reputation to deliver on their promises.I never expected to come away and placing a buy order . The importance of attending these agms really came home to me.
    Thanks to others here for motivating into going to the meeting.
    Last edited by percy; 20-08-2019 at 09:03 PM.

  8. #23
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    Thank you Percy for your input. Much appreciated! This is a most interesting company, with very good leadership, driving a team who are intent on proving their science world wide. The results so far are stunning. I do like their balance between science and commerce - one without the other doesn't work. A very happy holder.

  9. #24
    percy
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    I have been buying a few at $1.03 and $1.10.
    Interim result is sometime away.It will be released late November or early December.
    At agm time they would have had 4.5 months under their belt,and being so upbeat at the agm,I expect the interim will be good.
    I thanked CFO Nicole Robinson for allowing me to attend the agm,and asked her about the big sale at the end of the financial year.It was to Micron.She expected more steady[even] sales in future.

  10. #25
    percy
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    The seller at $1.10 has finished selling.
    Only 10,000 for sale at $1.32.
    72,750 on the buy side from $1.05 to $1.10.

    ps.I have finished my buying until the interim result.
    Last edited by percy; 23-08-2019 at 02:26 PM.

  11. #26
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    Percy, Well done.

  12. #27
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    Have held since the beginning so have observed the hard struggle it has been to get to this point which is not unusual here in NZ for startups coming out of our universities. (Eg Bliss - still going, Nuon - no longer around)
    Great ideas and technology but it is always difficult for these companies to get traction in the markets that matter and to get the funding needed to do same. Looking forward to the day this one realises Doug Hastieís dream of being a billion dollar company
    Went to the AGM and yes, they certainly sounded enthusiastic didnít they. I got the impression that they are now a much more structured company than they have been in the past and with well selected people at the wheel they will continue to improve markedly year on year.

  13. #28
    percy
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    30,000 shares traded today at $1.15.Seller still has 1347 for sale at $1.15.Next seller has 5,000 for sale at $1.19 and the $1.32 seller has 10,000 for sale.
    On the buy side 18,000 wanted at $1.12.

  14. #29
    percy
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    Another 43,600 traded today at $1.15.

  15. #30
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    Syft is a most interesting company, and if it achieves what its aims are.... :-)) I have found the Unlisted companies most interesting. Frankly, I feel that there are more opportunities in this 'area' Yes, shares in both SYF and PAZ, and very comfortable wth them. Onwards and Upwards........

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