CHAIRMAN’S UPDATE

I wanted to give you a brief update on 1414 Degrees.

Our IPO will likely be in the third quarter of this year, rather than June as previously communicated. This will allow us to advance some important projects that have been proposed to us in the past month.

As you are aware from previous communications, we are still receiving a lot of worldwide interest in our solution, and are currently in discussions with one of the biggest electricity users in South Australia.

We are also talking with several public and private sector entities across Australia. We are working through these opportunities – it is an exciting time and we look forward to sharing announcements on planned installations.

We have also released some short videos, explaining more about us, the solution and the impact we want to have.

You can view these here:

Thank you for your interest and support.

Dr Kevin Moriarty
Executive Chairman