North Adelaide, Australia (PressExposure) July 11, 2011 -- Digislide's Company Secretary makes regular ASX announcements to keep the market accurately informed. Digislide as a specialist technology company, provides this market update in a more non-technical format, as requested by a number of shareholders, to explain the significance of certain technology and commercial agreements announced in the past, which could impact future earnings.
Established a Joint Venture, Digismart Commerce (Hong Kong) - which has an independent valuation of $6.5M (Digislide owns 50%)
Established VSDN Australia Pty Ltd - which has a market capitalisation of over $10M (Digislide owns 91%)
Obtained licence to roll out Virtual Streaming Distribution Network technologies across Australia and New Zealand. These technologies are world class IPTV technologies, having been tested, trialled, commercialised by one of the world's largest telcos.
Formed strategic alliance with Sonora Technologies, whose intelligent avatars were used during the Vancouver Winter Olympics in 2010, and gained a licence for the non-exclusive use of Sonora avatars for use within the proposed VSDN operations, and mobile gaming technologies
Formed a strategic alliance with Spectralus, leading green laser developer, with whom we are currently undertaking a joint development of Digismart Miniature Projection Technologies for embedding in mobile phones (see ASX Announcement, April 2011, and Press Release following)
Formed strategic alliance with Bencom Group, developers of cryptographic securitised payment systems. These systems are approved and used by US Dept of Defence.
Gained a licence for use of Bencom's technologies in Digislide's Securesmart Projection Systems and in the delivery of IPTV on mobile platforms, with Bencom investing directly into both Digislide Holdings Limited and VSDN Australia Pty Ltd
Research and Development (R&D)
Digislide's small R&D Team is a powerhouse which consistently achieves more than companies with significantly more personnel, capital equipment and cash resources. Achievements include:-
1. Optimised our LED projection systems, increased light output (VGA and SVGA)
2. Enhanced power management systems
3. Created additional interface designs to upgrading digishow and miniPRO
4. Finalised design and development for DigiPRO
5. Formed a relationship with Spectralus, developer of the Diode Pumped Solid State Green Laser (see ASX Announcement 6th March, 2011) stimulating design of a 2cc laser based projection system (5cc with objective lens!).
6. Digismart Miniature Projection Technologies are suitable for embedding in mobile phones, PDAs, defence and medical devices.
7. Lodged additional patents with two more technical patents underway
8. Offset some R&D costs through provision of synergistic R&D consultancy services to external technology companies
Digishow and miniPRO are being upgraded with additional brightness and enhanced functionality. The company has sold all older inventory.
WeSii will also benefit from the optimised VGA engine, and we are hoping to have this in the market for Christmas.
Production of the composite unit has been delayed due to the withholding of significant funds by Austrade and the ATO of approximately $800,000. These relate to rebates for 2009 and 2010 financial years respectively.
The development of Digivision, a multimedia centre with projection capabilities designed to dock Apple iPOD, iPHONE, iTOUCH, and iPAD devices is also on hold until those funds are received from the Government. This impacts on export sales.
Products and Marketing
Digislide has released three new products; StingRay, Sii and XRay480 (see ASX announcement 30th March). These SVGA projectors, using Texas Instruments and LED technologies, are ultra portable and ideal for gaming, business and home theatre use. Orders have been received from US, Canada and Saudi Arabia.
For more information see the new website, combines product information from the earlier discrete product sites, giving a solid sales focus, whilst corporate and investor information sits in the background.