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RETAINED ASSETS AND CONTINUING OPERATIONS The Company will continue with its existing business as a software, camera and surveillance provider. The Company develops and delivers total enterprise‐wide digital surveillance solutions to high‐profile government and corporate customers. The Company’s mission is to provide the best protection for assets and people at minimal costs with leading edge, digital surveillance technology. ZYL delivers low cost of ownership solutions which are developed and supported locally by a professional support team. The solutions offered by ZYL are scalable and modular meaning they can be configured to meet specific customer needs with an assurance that the system will incrementally expand to meet future demands. ZYL will retain the IP including the source coding of subsidiary Smart G Pty Ltd, including the trading name Smart GTM. ZYL has retained its software, camera and surveillance source codes as well as the specific IP technology and know‐how for the installation and maintenance of the equipment to provide for the sale, storage and delivery of surveillance equipment and monitoring systems to customers premises over both remote and hardwired PC connections. The Company intends to enter into a licence agreement with Energy Savings Partners Pty Ltd (“ESP”) for the non‐exclusive use of ZYL’s source code, camera inventory and surveillance software, as well as rights with respect to the Vivotek products (referred to below). It is proposed that ESP will assist the Company with the development of its IP technology for use throughout Australia to enable the Company to continue to develop its commercial surveillance and monitoring solutions and the application and installation of state‐of‐the‐art ZYL products. It is believed that the relationship with ESP by virtue of the licence agreement will also assist the Company in penetrating its existing market and developing new contract opportunities. It is also believed that the Company will also be able to leverage off the enviable reputation of ESP. The Company proposes to re‐launch the camera surveillance and monitoring solution as developed and will seek to provide the delivery of content via a closed‐circuit solution, with various distribution partners including telecommunication companies, universities, retail outlets, government buildings and other channel partners such as hotel and serviced accommodation providers. ZYL has the advantage of being able to apply its analogue technology to existing surveillance applications without the clients being liable for significant costs incurred as a result of needing to re‐wire the entire layout and the installation of compatible camera technology. The ZYL product can be configured to work with existing camera technology whether specific to ZYL or another product. The Company believes that there exists significant potential for the application of the technology and the ZYL products in the mining industry including the use of surveillance and monitoring systems in and around mine sites, mills, crushing plants, mine camp sites and site offices. As part of the strategic review, the Directors will focus on expanding the product base into this segment of the market. In addition to the proposed licence agreement with ESP, the Company retains its non‐exclusive marketing and distribution agreement with Vivotek Inc. for the use of a number of fixed frame and pan‐type cameras across both dome and network layouts. Through the non‐exclusive marketing and distribution agreement with Vivotek, the
Company has access to both indoor and outdoor, high‐speed, fully integrated PTZ dome camera series, built for image quality and performance with up to 35x optical zoom, high resolution 540 TV lines and other advanced features for day/night applications. The Vivotek cameras have the special feature of Wide Dynamic Range with multiple presets and built‐in protocols, the key for seamless integration into 3rd‐party systems. Compact 'midi' versions deliver uncompromised functionality replacing several fixed cameras at very competitive prices. This agreement with Vivotek provides the Company with the opportunity to continue with its low cost installation and maintenance of camera surveillance and monitoring equipment. Rapid improvements in video technology, networking and infrastructure have made it easier to deploy surveillance solutions for security, OH&S and asset protection. These developments are continuing to expand the traditional surveillance markets as well as fuelling the growth of IP surveillance solutions into new markets. ZYL will seek to manage the continuing relationship with existing integration companies within specific industry verticals to grow the sales of the ZYL Smart GTM software and hardware. Moving forward, ZYL will seek to focus more on the larger systems integrators. The Company will seek to enhance, restructure and repackage the existing software product Smart GTM V3.0 and position the Company at a value price point in an effort to increase sales whilst also developing new software. ZYL will seek to continue to leverage off the fact it is still the only Australian end to end IP Video surveillance manufacturer in Australia. The future product mix will be: • • • •
Custom hardware manufacturing Software integration Custom software Integrated hardware and software solutions
The Company intends to re‐establish the camera surveillance, monitoring and network solution that provides for the encryption of content on a post production basis, together with the delivery of video streaming and closed‐circuit monitoring and surveillance. The Company has sought the relevant expertise to assist it with developing its camera installation and surveillance business division and the expansion of the Company into complementary industries. As part of the recapitalisation, the Company will also evaluate other project opportunities for acquisition or investment. The Company proposes to review projects across a range of sectors.
