DMC 0.00% 30.0¢ design milk co limited


  1. 32 Posts.

    Home Watchlist
    ASX News NZSE News


    Ticker Lookup

    SMS and Email Alerts





    HOMEX - Melbourne

    * The Company executed a major contract with a substantial overseas
    Company for the supply of an extensive range of hospital monitoring,
    control and information systems for installation in a number of
    hospitals. The minimum value of the contract over its anticipated
    eight-year life is in excess of $130 million. In addition, ongoing
    maintenance fees, rising to $20 million annually, will be received
    by the Company. This contract represents the first significant
    contract for the supply of the Company's monitoring services not
    associated with AMR.

    * In Malaysia, through its joint venture with SPK, the Company
    delivered an important 390-meter AMR pilot installation for the
    national electricity supplier, Tenaga Nasional Berhad ("TNB") in
    three areas of Petaling Jaya, a region of Kuala Lumpur chosen by TNB
    to assess the system. The project was completed in less than 10
    weeks including installation, testing and commissioning and is now
    providing comprehensive metering information to TNB in respect of
    the 390 meters which are connected to the Intermoco Utiligy system.

    * The first product developed as a result of the Collaborative
    Agreement between Intermoco and Email Metering, involving the
    integration of Intermoco's AMR technology into Email's three-phase
    Q4 electricity meter, was completed in near-record time and is
    currently undergoing a period of beta testing at Email's
    manufacturing facility in newport, Victoria. The product is expected
    to be ready for commercial production in March.

    * In addition to AMR opportunities with major electricity utilities,
    the Company has also successfully penetrated the "non-regulated"
    electricity market and secured an initial contract for the supply of
    the Company's AMR technology for exempt customers in Victoria. More
    opportunities are expected to result from this contract and the
    Company is confident that this reference site will generate further
    opportunities elsewhere in the industry.

    * In January 2003, the Company announced the issue of 13,650,000
    ordinary shares via a private placement to raise working capital for
    the Company. The shares were issued at a price of 19 cents each,
    raising a total of $2,593,500 for the Company, prior to the payment
    of associated costs.


watchlist Created with Sketch. Add DMC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.