Simavita Online Annual Report 2017

About Simavita Introduction Simavita Limited (ASX: SVA) develops and markets advanced systems associated with smart, wearable and disposable technologies for the aged and disabled care market and also for the global diaper manufacturing industry. This industry currently generates approximately USD21bn in annual revenues. In the past 12 months the Company undertook an extensive review of its resources, its Intellectual Property and skills. The result of this review was a new vision and strategy for the Company. The vision is clear and achievable … to rapidly build a highly valuable and profitable business. The Company’s strategy is entitled PIVOT and provides a roadmap to deliver new product to enormously expanded international markets, whilst generating real and sustainable cost reductions within the business ... an opportunity to do substantially more with much less. Fundamental to the Company’s PIVOT strategy has been to listen to our customers and to deliver new product and service strategies. We identified a number of significant opportunities for the Company to deliver: –– AlertPLUS™ - A hyper low cost sensor system suitable for both the adult and infant markets. The Company has now delivered AlertPLUS™ and is focused on sales to international manufacturers. –– AssessPLUS™ - A low cost, easy to use and graphical product for the assessment of incontinence. In November 2016 Simavita announced the release of its first completely new product AssessPLUS™ and are now seeing the advantages associated with lower product maintenance costs and significant opportunity amongst a rapidly growing market for community or home use, particularly for both the aged as well as the disabled. Combined with the delivery of these new products, Simavita simultaneously undertook a major review of its cost structure resulting in significant and recurring savings. Major cost reductions occurred not only as a result of reducing the size of the Company but also through the delivery of new product which demands less in terms of sales support, training and ongoing management. Most importantly, the Company can now deliver a portfolio of sensors and systems that will meet a clear demand for cost effective, better, timely information to address all segments of the international adult incontinence and infant diaper industry. The opportunity represents a clear unmet market need to provide low cost product to a rapidly growing US$9bn market for adult incontinence pads and a US$12bn diaper market for infants. Our vision is clear and achievable... to rapidly build a highly valuable and profitable business. Simavita Limited 2017 Annual Report 2