Announcement • 10h
Synertec Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 5.985708 million. Synertec Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 5.985708 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 119,714,165
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Subsequent Direct Listing New Risk • May 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.5m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 20% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$17.7m market cap, or US$12.7m). Announcement • Nov 26
Synertec Corporation Limited, Annual General Meeting, Nov 26, 2025 Synertec Corporation Limited, Annual General Meeting, Nov 26, 2025. Reported Earnings • Sep 01
Full year 2025 earnings released: AU$0.015 loss per share (vs AU$0.016 loss in FY 2024) Full year 2025 results: AU$0.015 loss per share. Revenue: AU$18.2m (down 3.9% from FY 2024). Net loss: AU$7.64m (loss widened 5.3% from FY 2024). New Risk • May 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 32% per year over the past 5 years. Market cap is less than US$10m (AU$13.0m market cap, or US$8.42m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$7.4m). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Apr 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.6m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 32% per year over the past 5 years. Market cap is less than US$10m (AU$15.6m market cap, or US$9.97m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$7.4m). Shareholders have been diluted in the past year (20% increase in shares outstanding). Recent Insider Transactions • Nov 15
Non-Executive Director recently bought AU$127k worth of stock On the 12th of November, Johannes Risseeuw bought around 2m shares on-market at roughly AU$0.071 per share. This transaction increased Johannes' direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$216k more in shares than they have sold in the last 12 months. Announcement • Oct 31
Synertec Corporation Limited, Annual General Meeting, Nov 28, 2024 Synertec Corporation Limited, Annual General Meeting, Nov 28, 2024. Location: at the offices of synertec, ground floor, 2-6 railway parade, camberwell, victoria, 3124, Australia Announcement • Oct 29
Synertec Corporation Limited Announces Board Changes Synertec Corporation Limited announced further progress in its Board and management renewal process, with key changes which it believes will strongly position the Company for its next phase of growth and value generation for its shareholders. This includes plans for an orderly succession of the Board Chair role, by the appointment of a new Independent Non-Executive Director and Chair-elect. Mr. Dennis Lin will retire from his role as Independent Non-Executive Director and Chair at the end of February 2025. Mr. Lin, having served on the Board over the past five years following his appointment in 2019, and appointment as Chair in 2021, has led the Company during a period of significant transformation and growth. Importantly, under his leadership, the Company has simultaneously grown the Engineering business and developed and commercialised its Powerhouse technology, leading to the strategic segmentation of the business across Engineering and Technology from 2021. The Company announced that Mr. Johannes Risseeuw has been appointed as a Non-Executive Director, effective from today. Mr. Risseeuw joins the Board at a pivotal time in the evolution of Synertec and brings a wealth of relevant experience and leadership qualities. It's planned that Mr. Risseeuw will move into the role of Chair from the end of February 2025. Mr. Risseeuw is a highly experienced Director and Chair, most recently serving as the Executive Chair of Damstra Technology. Mr. Risseeuw led the ASX listing and IPO of Damstra in October 2019, and was Chair throughout the years until the Company was acquired by Ideagen Limited in April 2024. His prior experience includes being a Director of Shell Australia and Vice President, Mergers & Acquisitions, where he completed many significant transactions for Shell across the Asia Pacific and Middle East regions. He was also previously the Chief Investment Officer of Questus Energy, focused on the acquisition of oil and gas assets, and Chief Operating Officer at Skilled Group Limited, a major Australian labour hire company. Mr. Risseeuw remains as an Independent Non-Executive Director of US-based Data Analytics company, FanPlayr Inc., a technology company which optimises the performance of customer data traffic by delivering personalised multichannel customer experiences leveraging behavioural data. New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$10m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$10m free cash flow). Earnings have declined by 38% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$38.9m market cap, or US$26.4m). Reported Earnings • Aug 31
Full year 2024 earnings released Full year 2024 results: Revenue: AU$19.7m (up 33% from FY 2023). Net loss: AU$7.26m (loss widened 23% from FY 2023). Announcement • Jul 31
Synertec Corporation Limited to Report Q4, 2024 Results on Jul 31, 2024 Synertec Corporation Limited announced that they will report Q4, 2024 results on Jul 31, 2024 New Risk • May 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 43% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$42.1m market cap, or US$28.0m). Announcement • May 03
Synertec Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 7 million. Synertec Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 87,500,000
Price\Range: AUD 0.08
Discount Per Security: AUD 0.004
Transaction Features: Subsequent Direct Listing Announcement • Nov 21
Synertec Corporation Limited Announces Appointment of Ian Campbell as Independent Non-Executive Director Synertec Corporation Limited announced the appointment of Mr. Ian Campbell as independent nonexecutive Director of the Company, effective from 1 December 2023. Ian is an experienced debt capital markets professional with an extensive and demonstrated history of working in the financial services industry as a trusted advisor to corporate Australia. Skilled in portfolio management, capital markets, risk management and corporate finance, Ian brings a diverse and highly qualified background to the Board of Synertec. Ian was most recently Managing Director and Global Vice Chair Debt Capital Markets and Head of Sustainability & Corporate Transition at Citi. Across his 13-year career at Citi, he was involved in raising over US$500 billion in funding from global markets for corporate Australia, State and Federal Governments, and embedded Citi as Australia’s leading international Debt Capital Markets franchise. Through his time at Citi, Ian developed skills across the full range of ESG advisory regulation and disclosure, as well as green financing structures. Over the past two years, Ian has been working closely with the Executive Directors of Synertec to explore potential funding opportunities across a diverse range of organisations and financial products, and has made several important introductions to potential customers for Powerhouse within the mining and energy sectors in Australia and the United States. Prior to his time at Citi, Ian worked in debt capital markets with Daiwa Securities and Deutsche Bank in Australia and the UK. Ian holds a Bachelor of Commerce from the Australian National University and has completed a Towards Net Zero Emissions course at Cambridge University that has assisted in growing his expertise across the changing Sustainability and ESG advisory ecosystem. Announcement • Oct 07
Synertec Corporation Limited, Annual General Meeting, Nov 28, 2023 Synertec Corporation Limited, Annual General Meeting, Nov 28, 2023, at 11:01 AUS Eastern Standard Time. Reported Earnings • Aug 31
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: AU$0.015 loss per share (further deteriorated from AU$0.011 loss in FY 2022). Revenue: AU$15.6m (up 43% from FY 2022). Net loss: AU$5.86m (loss widened 47% from FY 2022). Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 61% per year, which means it is well ahead of earnings. New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$4.6m free cash flow). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (AU$4.0m net loss in 3 years). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$86.3m market cap, or US$56.0m). Announcement • Aug 03
Synertec Corporation Limited Appoints Peter Lamell as Independent Non-Executive Director, Effective from 1 September 2023 Synertec Corporation Limited announced the appointment of Mr. Peter Lamell as independent non-executive Director of the Company, effective from 1 September 2023. Peter has forty years' practical experience across the energy, power, services, technology, telecommunication and not-for-profitsectors. Peter's experience includes over twenty-five years working with Royal Dutch Shell in a number of strategic, operational and executive roles across a range of geographies including Australia, Europe and North America, including being a member of the Board of Shell Australia. Peter has a Senior Executive MBA from the Melbourne Business School and has been CEO for a number of successful business turnarounds and start-up's. He is also an Executive Mentor at The Stephenson Mansell Group, a pre-eminent Australian leadership development firm, and senior advisor to international consultancy firm, Partners In Performance. Peter is a fellow of the AICD and has served on over 25 boards across listed and not-for-profit sectors providing expertise in cultural change, sustainability, digital transformation, sales/marketing, strategy and building governance and risk management processes. In doing this, he has become adept in identifying key issues within organizations whilst developing practical solutions to deliver significantly increased shareholder value. Peter is currently a non-executive Director of specialist engineering and environmental services firms, pitt&sherry and Citywide Service Solutions Pty Ltd, as well as the National Trust of Australia (Victoria), and is Chair of the Board of Renew Australia. Major Estimate Revision • Jun 16
Consensus EPS estimates fall by 5,068% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -AU$0.0099 to -AU$0.5101 per share. Revenue forecast unchanged at AU$13.6m. Professional Services industry in Australia expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at AU$0.37. Share price rose 4.4% to AU$0.23 over the past week. Major Estimate Revision • May 16
Consensus estimates of losses per share improve by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from AU$13.3m to AU$13.9m. EPS estimate increased from -AU$0.012 per share to -AU$0.01 per share. Professional Services industry in Australia expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at AU$0.38. Share price fell 4.2% to AU$0.23 over the past week. Reported Earnings • Mar 01
First half 2023 earnings released: AU$0.006 loss per share (vs AU$0.004 loss in 1H 2022) First half 2023 results: AU$0.006 loss per share (further deteriorated from AU$0.004 loss in 1H 2022). Revenue: AU$7.30m (up 31% from 1H 2022). Net loss: AU$2.45m (loss widened 57% from 1H 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 131% per year, which means it is well ahead of earnings. Announcement • Dec 10
Synertec Corporation Limited Announces Powerhouse Successfully Energises Remote Industrial Site & Commences Final Testing Phase Synertec Corporation Limited provided a key development update in relation to its novel and proprietary Powerhouse technology, which enables the utilisation of renewable energy to fully power industrial applications in remote locations, is rapidly deployable and portable, and has no requirement for fossil-fuel standby generation. Live operation and final phase of testing commences: Powerhouse has commenced the final stage of testing on a cluster of eight production wells spread across an area of approximately 10 square kilometres in remote central Queensland. The cutover of Powerhouse to Santos' live operating and production systems to fully energise the equipment used for each of the wells, emission-free, follows successful and extensive FAT and SAT programs over the past six months that delivered operational performance which exceeded expectations. Importantly, the successful live operation of Powerhouse enables the existing bank of gas generators to be disconnected from the operating system and prepared for decommissioning. Gas previously used to fuel the generators at the site can now be directed into the Australian gas network, increasing gas supply and revenue for the field operator. This also saves the operator operating costs such as fuel and maintenance and provides for a safe operation with minimal site visits required given Powerhouse's integrated smart remote control system. The commercial-scale field trial is the final stage of the testing process. Next Steps: As the data from the field trial is generated and both parties are satisfied all Key Performance Indicators (KPIs) have been achieved, it is expected that the successful field trial will lead to a commercial contract for Synertec to provide the Powerhouse system to Santos on a long-term rental basis. To this end, the parties continue to progress discussions regarding commercial terms for this site and future sites. Both parties are targeting second half fiscal year 2023 for this development. The company continues to advance plans for commercial scale production of Powerhouse, with local and international component suppliers committing to key supply chain performance criteria outlined by the company. Recent Insider Transactions Derivative • Nov 23
CFO, Company Secretary exercised options to buy AU$826k worth of stock. On the 17th of November, David Harris exercised options to buy 4m shares at a strike price of around AU$0.023, costing a total of AU$100k. This transaction amounted to 203% of their direct individual holding at the time of the trade. Since March 2022, David has owned 2.14m shares directly. Company insiders have collectively sold AU$1.4m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Oct 29
Synertec Corporation Limited, Annual General Meeting, Nov 29, 2022 Synertec Corporation Limited, Annual General Meeting, Nov 29, 2022, at 11:01 AUS Eastern Standard Time. Location: Offices of Synertec, Ground Floor, 2-6 Railway Parade, Camberwell, Victoria Victoria Australia Agenda: To receive and consider the Financial Report, Directors' Report and the Auditor's Report for the year ended 30 June 2022; to consider that, for the purpose of Section 250R(2) of the Corporations Act 2001 and for all other purposes, the Remuneration Report (included in the Directors' report) for the financial year ended 30 June 2022 be adopted; to re-election of Director Mr. Dennis Lin; to re-appointment of Auditor; to ratification of Prior Issue of 31,250,000 Shares; to approval to issue Broker Options; to approval of 10% Placement Facility; and to discuss other matters. Announcement • Oct 11
Synertec Corporation Limited's Powerhouse Tech Completes Site Acceptance Testing Synertec Corporation Limited announced a key development in relation to its Powerhouse technology, a unique proprietary technology that allows the utilisation of renewable energy to power industrial applications in remote locations. Powerhouse was installed on Santos' gas well site in remote central Queensland in July this year following completion of extensive Factory Acceptance Testing during Fourth Quarter of FY22. During most of First Quarter FY23 the Powerhouse System has undergone extensive SAT under varying loads and conditions to determine operational limits and establish the remote control and communication system network, while establishing, performing and documenting routine operating and maintenance procedures. The performance of the Powerhouse System under SAT conditions has exceeded expectations, with key results including; average load under testing in the range of 20-50% above site requirements; prediction accuracy of solar irradiance and available energy has been proven to be within 5% of actual performance; battery performance has been within Synertec's expectations and supplier's operating recommendations, indicating long and reliable battery life as highly achievable; and other key Synertec modelling has been proven to be within 5-10% of actual performance. Given the positive performance of Powerhouse over a prolonged SAT period, the data reported to Santos by Synertec, and Santos' own daily monitoring of Powerhouse's performance, the cutover to the final field trial phase has been agreed. Whilst the approval to move to the final field trial phase has been agreed, the timeframe has been delayed by approximately two weeks from the original plan due to Santos' reprioritising operational resources. The parties are working to identify a suitable operational window for the cutover process. It is anticipated that the cutover process will be completed during October. The field trial is the final stage of the testing and verification process for Powerhouse. Key benefits of Powerhouse include: Reduced carbon emissions through 100% renewable energy (without requirement for fossil-fuelled backup). Flexible and re-deployable infrastructure. Increased safety and operational efficiency with reduced maintenance and remote operability. Potential for removal of, and/or reliance upon, mains power connections in remote areas. Announcement • Sep 20
Synertec Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Synertec Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 31,250,000
Price\Range: AUD 0.16
Discount Per Security: AUD 0.0096
Transaction Features: Subsequent Direct Listing Major Estimate Revision • Sep 20
Consensus EPS estimates fall by 49% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from AU$13.8m to AU$13.5m. Losses expected to increase from AU$0 per share to AU$0.01. Professional Services industry in Australia expected to see average net income growth of 49% next year. Consensus price target up from AU$0.11 to AU$0.19. Share price fell 11% to AU$0.17 over the past week. Reported Earnings • Aug 30
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: AU$0.011 loss per share. Revenue: AU$12.1m (up 44% from FY 2021). Net loss: AU$3.98m (loss widened 19% from FY 2021). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 42%. Over the next year, revenue is forecast to grow 22%, compared to a 102% growth forecast for the Professional Services industry in Australia. Announcement • Jul 12
Synertec Corporation Limited Provides Update on Its Powerhouse Technology Synertec Corporation Limited provided an update on its Powerhouse technology, a unique proprietary technology that allows the utilisation of renewable energy to power industrial applications in remote locations. The Powerhouse system involves a combination of an easily deployable industrial-scale solar panel array, battery storage, and sophisticated predictive algorithms to optimise the generation and consumption of renewable electricity without the need for a back-up power source. At present, the Santos gas wells rely on diesel, gas or hybrid powered generators, or mains grid power. With the solar array deployed to site in April 2022 and the two Powerhouse battery housings (including the control systems, transformers and inverters) now on site in remote south-central Queensland, site commissioning has commenced. Following this, field trials will confirm theoretical modelling correlation to real life operational scenarios. Synertec entered into a Memorandum of Understanding ("MOU") with leading independent energy producer Santos Ltd. The MOU, which related to the utilisation of the Powerhouse system for coal seam gas (CSG) well de-watering, commenced on 31 July 2021 and was effective for 12 months unless terminated earlier by mutual agreement or replaced by a commercial agreement between the parties. Synertec is pleased to advise that the parties have now progressed from MOU to commercial agreement, executing on a Santos Goods and Services Contract and Work Order for the Powerhouse prototype system. The parties continue to work together towards commercial terms beyond the prototype. Under the MOU, Synertec successfully progressed the design, construction and testing of the prototype solar energy power system. Santos supported these activities by providing pilot field site access, inputs into the project design, technical information pertaining to the pilot field sites, and technical and other engineering resources. The parties will ultimately determine success of the project based on the achievement of a range of key technical objectives and field practicalities, expected during 1H FY23, including safety, system availability, battery performance, remote control, support for high power loads, footprint size, transportability and recyclability. Recent Insider Transactions • Apr 02
Insider recently sold AU$1.6m worth of stock On the 30th of March, Kerry Abdallah sold around 26m shares on-market at roughly AU$0.06 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Jan 28
Synertec Corporation Limited Provides Revenue Guidance for the Quarter Ended 31 December 2021 Synertec Corporation Limited provided revenue guidance for the quarter ended 31 December 2021. Revenue range expected for the Period of $2.8 million to $3.1 million, up circa 15% on prior quarter, and up circa 80% on second quarter of 2021. Reported Earnings • Aug 27
Full year 2021 earnings released: AU$0.012 loss per share (vs AU$0.006 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$8.44m (down 24% from FY 2020). Net loss: AU$3.35m (loss widened 167% from FY 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
Synertec Corporation Limited announced that it expects to receive AUD 7.147211 million in funding from Perennial Value Management Limited, SG Hiscock & Company Ltd. Synertec Corporation Limited announced a private placement of 71,472,111 common shares at a price of AUD 0.1 per share for gross proceeds of AUD 7,147,211.1 on August 4, 2021. The transaction will include participation from high quality institutional investors, Perennial Value Management Limited and SG Hiscock & Company Ltd., providing a strong endorsement for the Company. The transaction is expected to close on August 13 , 2021. The transaction does not require share holders approval. Executive Departure • Apr 01
Independent Non-Executive Director has left the company On the 31st of March, Kiat Poh's tenure as Independent Non-Executive Director ended after 8.4 years in the role. As of December 2020, Kiat personally held 2.42m shares (AU$155k worth at the time). Kiat is the only executive to leave the company over the last 12 months. Announcement • Feb 26
Kiat Poh to Retire as Independent Non-Executive Director from Synertec Corporation Limited, Effective 31 March 2021 Synertec Corporation Limited announced the retirement of Mr. Kiat Poh, effective from 31 March 2021. Mr. Kiat, based in Singapore, has served as an independent Non-Executive Director with the Company since 2012. Announcement • Jan 12
Synertec Corporation Limited Wins Project Award in Target Markets of Water & Renewable Energy Synertec Corporation Limited that the Company has signed a contract for works with Beon Energy Solutions relating to a contract to support a major energy upgrade project for Synertec's long- standing client and one of Australia's major bulk water suppliers, Melbourne Water. The project will develop solar photovoltaic generation plants at two critical water treatment plants in Victoria, with the objective to reduce operational costs associated with electricity usage and to lower greenhouse gas emissions. This will assist in Melbourne Water's pledge commitment to reduce its net carbon emissions as per the pledge to zero by 2030. The planned solar farms aim to deliver peak electricity supply of 20 MW and 10 MW, respectively. Recent Insider Transactions • Dec 17
Insider recently sold AU$506k worth of stock On the 9th of December, Kerry Abdallah sold around 7m shares on-market at roughly AU$0.072 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$488k more than they bought in the last 12 months. Announcement • Nov 23
Synertec Corporation Limited Partners with Operator of LNG Shipping and Floating Solutions to Commercialise Synertec's LNG CTS Technology Synertec Corporation Limited has entered into a MoU with one of the providers of LNG shipping and floating solutions and services. The MoU formalises each Company's intention to work together to design and deploy a low pressure LNG sampling system that produces no fugitive green-house gas emissions. In designing the system, the parties will leverage Synertec's experience in developing the CTS specifically to address sampling inaccuracy in low pressure LNG process line applications, which is typical in ship-to-ship LNG transfer scenarios. The project will yield an LNG sampling system fit for purpose on marinised applications. Announcement • Jul 09
Synertec Corporation Limited announced that it has received AUD 1.269033 million in funding On July 9, 2020, Synertec Corporation Limited (ASX:SOP) closed the transaction. The transaction included participation from various professional and sophisticated investors.