ASX Ticker: PSY
Company Update23 September 2016
Investment highlights
Panorama provides valuable exposure to the rapidly growing microelectromechanical systems (MEMS), MEMS-based spectroscopy, sensor applications, and the Internet of Things (IoT) sectorsTop tier Board and management team with extensive industry experience, invested in Panorama's success
Focused commercialisation strategy with multiple paths to market
Significant investment in the technology has already occurred, positioning Panorama for significant growth
Very large addressable market comprising:
MEMS market: CAGR of 11% and forecast to grow to US$32 billion by 20241
Spectroscopy market: CAGR of 2.9% and forecast to grow to US$15.6 billion by 20202
Sensor market: CAGR of 11% and forecast to grow to US$190 billion in 20213
IoT market: CAGR of 39% and forecast to grow to US$7.1 trillion by 20204
HIS Inc, Yole Development, EE Times
Bcc research, global markets for spectroscopy equipment
Bcc research, global markets and technologies for sensors 2
CISCO and International Data Corporation forecast
Corporate summary
Best-in-class proprietary technology with a broad range of applications across multiple industry sectors in a rapidly growing market
Currently focused on two sensor technologies: LumiMEMSTM and MEMS-based spectroscopy
Supportive cornerstone investors, with high levels of management ownership and significant founder holding
Close links with University of WA's Microelectronics Research Group
Share price (A$)
0.30
0.20
0.10
-
Volume (m)
30
20
10
-
(MRG)
Sep-15 Dec-15 Mar-16 Jun-16 Sep-16
Volume PSY
Top shareholders 1 Capital structure
Shareholder
Shares
%
King Group (John King, active technology investor)
139.9m
27.6%
Flet Investments (Terry Walsh, CEO)
44.0m
8.7%
Share price (23 September 2016)
A$
0.09
Number of shares2
m shares
506.2
Market Capitalisation
A$m
46.0m
Cash (30 June 2016)
A$m
3.7
Enterprise value
A$m
42.3m
Source: IRESS
Financial information
Company filings as at 18-Sep-15 - no significant changes since 3
Excludes unlisted options (10m options at A$0.14 exercise price, exp 15-Dec-16; 9.4m options at A$0.70 exercise price, exp 30-Sep-17; 8.8m options at A$1.20 exercise price, exp. 30-Sep-18)
-
Board and Management
Panorama is led by a strong Board and proven management executives
Board
ManagementDr Nigel Finch
Executive Chairman
Managing Director at Saki Partners Transaction Advisers
Has held director and senior management roles focused on strategy execution, and financial performance and management
10 years experience in University sector and former Associate Dean at the University of Sydney
Non-Executive Director of Mach7 Technologies (ASX:M7T)
Glenn Ross
Non-Executive director
Prior experience in technical and sales roles at multinational corporations
Extensive investment experience in both public and private companies
Terry Walsh
Managing Director & CEO
More than 28 years of experience in the technology industry
15 years at Cisco Systems, including MD of Cisco's Australia / New Zealand business and CEO of Cisco's Canadian operations
Dr John Bumgarner
Chief Technology Officer
More than 30 years of industry and academic MEMS technology experience
Former Process Integration Manager at Intel, and Research Manager at SRI International, Microfabrication Manager at University of South Florida, and Operations Manager at Stanford University's Nanofabrication Facility
Dr Claudia Kuettel Advanced Technology Projects
Significant sensor industry experience, having recently worked at Sensirion, a world leading sensor development and manufacturing company, where she was responsible for the commercialisation of MEMS sensors
Extensive academic research background and holds a PhD in Sensor and Actuator Systems
Brian Goodman
Chief Operating Officer
20 years of product management experience
Former Global Product Manager with Thomson Reuters (London), and Product Development Manager for Australian Securities Exchange (Sydney)
Academic qualifications include Master of Business Administration, and Master of Applied Finance
4
Panorama Synergy Limited published this content on 23 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 September 2016 23:47:06 UTC.
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