Simavita Limited Annual Report 2020

MILESTONES During the year the Company has completed the next generation of the Smartz™ platform technology and achieved the following milestones: – Advanced electronics and applications. Smartz™ now delivers a significantly expanded range of applications, flexible graphical user interface and powerful reporting tools from Cloud Based and highly secured data. Smartz™ now seamlessly delivers at home and in complex institutional settings. – Manufactured adult and infant Smartz™ enabled diapers across multiple geographies and multiple product types and sizes. Full commercial manufacturing from a standing start can now occur within days. – Secured logistics supply chains in the event of further disruptions. – Significantly enhanced regulatory documentation, systems security and data confidentiality. – Apps are now downloadable from multiple App Stores. – The Company has materially completed planning and international training necessary to roll out product to a number of countries. However, due to COVID-19 requirements to completely lock down aged care facilities, this key target will remain in abeyance until the international community reopens. NEXT STEP STRATEGY – REVENUE FOCUS Subject to the ongoing impact of Covid-19 on international markets, the Company’s Next Steps Strategy involves: – Small clinical studies in European market – Delivery of adult product to market – A pure focus on short term commercialization Our 2020/21 goals with limited funding: – Proceed with Company reorganisation – License Smartz™ technology and deliver product to market – Completion of Clinical Test Program – Continue to enhance the solution with additional value adding applications Annual Report 2020 7