The PRWIRE Press Releases https:// 2017-10-18T19:57:41Z TechnologyOne sees a surge in local government sales 2017-10-18T19:57:41Z technologyone-sees-a-surge-in-local-government-sales BRISBANE, 19 October 2017 - TechnologyOne (ASX:TNE), Australia’s leading enterprise software as a service provider announced today that FY17 was a record year for local government deals with a 48 per cent increase in licence fees in this sector. The company also closed a strong fourth quarter in FY17 in the local government market with 10 new major deals totalling $40 million in total contract revenue - across Queensland, New South Wales, Victoria, South Australia and Western Australia. TechnologyOne Chief Executive Officer, Edward Chung said there was a 90+% win rate and a surge in the value and quantum of local government deals closed in FY17. “We dominated competitors in the local government sector by securing 240 deals from Australia, New Zealand and the UK in FY17. Of these, 222 were new purchases from our loyal existing customers and 18 were new customers,” Mr Chung said. “More than 18 new customers chose TechnologyOne’s integrated enterprise software as a service solution over competitors. “Also many amalgamated councils kicked-out outdated standalone software products from the likes of Civica and Infor who continue to dress-up their old hosted solutions as cloud”, said Mr Chung. TechnologyOne Executive Chairman, Adrian Di Marco said the company had geared up to continue its domination of the local government market in the coming year. “This is the tip of the iceberg for us as we continue to deliver our market leading integrated solution to meet the growing demands for digital transformation by local governments. We are uniquely placed to do this because of our mass production, digitally enabled software as a solution, that is delivering significant benefits to the sector. “We have more than 300 council customers and are continuing to grow fast” he said. “We continue to deliver exceptional projects at breakneck speed with several recent SaaS go-lives being implemented in less than 12 weeks. “The press has been unfortunately very focused on the BCC litigation. This was an entirely different project to anything else we have ever contracted, and our customers and the local government sector understand this. “BCC were a development partner which has never before been done in local government; and BCC struggled to fulfill their obligations. This was highlighted in an independent report commissioned by BCC which they have continually refused to release, because they have publicly stated it would not be in the interest of the rate payers of Brisbane. Clearly this has been an unfortunate event for both BCC and TechnologyOne.” - Ends - About TechnologyOne TechnologyOne (ASX:TNE) is Australia's largest enterprise software company and one of Australia's top 200 ASX-listed companies, with offices across six countries. We create solutions that transform business and make life simple for our customers. We do this by providing powerful, deeply integrated enterprise software that is incredibly easy to use. Over 1,200 leading corporations, government departments and statutory authorities are powered by our software. We participate in only eight key markets: government, local government, financial services, education, health and community services, asset intensive industries, project intensive industries and corporates. For these markets we develop, market, sell, implement, support and run our preconfigured solutions, which reduce time, cost and risk for our customers. For 30 years, we have been providing our customers enterprise software that evolves and adapts to new and emerging technologies, allowing them to focus on their business and not technology. Today, our software is available on the TechnologyOne Cloud and across smart mobile devices. For further information please visit: Regional Australia Bank awards over $30K to the Coonabarabran community as part of its innovative Community Partnership Program 2017-08-28T21:06:22Z regional-australia-bank-awards-over-30k-to-the-coonabarabran-community-as-part-of-its-innovative-community-partnership-program Regional Australia Bank’s innovative Community Partnership Program scales new heights of success. Regional Australia Bank’s Community Partnership Program is now in its ninth year – and with this year’s donations reaching a staggering $840,000, the program continues to go from strength to strength. Under the program, new bank customers open a transaction account and select which group they would like to support. Regional Australia Bank then calculates the average annual balance of all supporters’ accounts and donates 1% of the total to the cause on the customers’ behalf – all without costing them a cent. With more and more people getting on board, the Community Partnership Program has continued to grow at over 30% per year ­– and this year, the total amount has edged ever closer to the million dollar mark, with $840,000 of funds ready to donate to various local grass roots clubs and community groups. At Coonabarabran’s Community Partnership presentations last night, Regional Australia Bank awarded $31,769.03 to the local community – and the United Hospital Auxiliaries of NSW – Coonabarabran Branch, Rotary Club of Coonabarabran, Coonabarabran High School P&C Association, Coona Amateur Boxing Club, The Men’s Shed Coonabarabran Inc, the Coonabarabran Local Aboriginal Land Council and the Urabrible Landcare Group were just a few of the groups lucky enough to receive a donation. Over the past few years, the Bank has been able to contribute more than 1.5 million dollars to deserving community groups – and as Regional Australia Bank Coonabarabran Branch Supervisor Sarah Jackson explains, “we’re immensely proud of our ability to deliver these kinds of social and environmental returns to our regional communities.” Ms Jackson continued that “for a bank like ours, which is founded on the promise to operate in the best interests of our customers and communities, it’s entirely fitting that our customers are able to lead the way in initiatives like this, given that they’ll often be the ones benefitting from the positive impacts of this program.” “The Community Partnership Program is just one of the ways in which we assist our customers and communities,” said Kevin Dupé, Regional Australia Bank CEO. “Regional Australia Bank is proud to continue delivering the Community Support Program in 2017, enabling it to continue enhancing the quality of life and a strong sense of community for the regions it serves.” The banks goal for the Community Partnership Program is to reach $1M in donations to local communities in 2018 and invites regional Australians to get on board and choose to bank with them, so that they can take advantage of this initiative and enjoy both better value from their financial institution, and help create local communities that can fully prosper and thrive. A full list of Community Partnership Program beneficiaries has been included below. - Ends - Contact: Sara Crowe, C7EVEN Communications, 02 6766 4513 / 0438 197 559 It is requested that Regional Australia Bank is not shortened to an acronym and always referred to in full as Regional Australia Bank. Suite 4 Technology Park, Madgwick Dr, Armidale NSW 2350 Australia Phone: 02 6776 0000 Coonabarabran Community Partnership Beneficiaries United Hospital Auxiliaries of NSW - Coonabarabran Branch Rotary Club of Coonabarabran Coonabarabran High School P & C Association Coona Amateur Boxing Gym Coonabarabran Soccer Club Inc Coonabarabran Local Aboriginal Land Council Urabrible Landcare Group Inc Coonabarabran P & H Association The (Men's) Shed Coonabarabran Inc C/Bran Rugby League Football C Riding for The Disabled Association (NSW) Coonabarabran Centre Coonabarabran Volunteer Rescue Coonabarabran Public School Parents and Citizens Association St Lawrences Primary School - Canteen Coonabarabran Youth Club Inc Coonabarabran Fishing Club Coonabarabran Bowling Club Co-Op Coonabarabran Junior League & Netball Inc Coonabarabran Garden Club Binnaway Jockey Club Inc. Coonabarabran Junior Golf Coonabarabran Jockey Club Inc Baradine Country Bushfire Brigade Baradine and District Progress Association Coonabarabran Lady Golfers Improvement Fund Coonabarabran Pony Club Inc Warrumbungle Regional Radio Inc Yearinan Bushfire Brigade Coonabarabran Arts Council Coonabarabran Bran Horse & Rider Club Inc Warrumbungle Arts and Crafts Inc Coonabarabran & District Greyhound Racing Club Baradine Bowling Club - Baradine Health & Fitness Binnaway Amateur Boxing Gyminc RSL Womens Auxiliary Coonabarabran Orbital Swing Band Warrumbungle Rural Community Programme War Fm RSP Coonabarabran Physical Culture Club Coonabarabran Little Athletics Coona Civilian & Military Rifle Club Dps Coonabarabran Local & Family History Starfest Rocky Glen Branch of CWA NSW Coonabarabran Landcare Warrumbungle Eventing Inc Hell Yeah Sports & Activities Astronomical Society of C/Bran Castlereagh Working Equitation Coona Drop in Incorporated Castlereagh Support Brigade Coonabarabran Christian Education Association Gowang Rural Fire Service Coonabarabran Lions Club Incorporated Coonabarabran Teachers Bugaldie Rural Fire Brigade Napier Lane Bush Fire Brigade Burra-Bee-Dee United Coonabarabran Men's Choir Coonabarabran Amateur Dramatic Society Coonabarabran Local Aboriginal Lands Council Aboriginal Housing Company commences work at Pemulwuy Project, Redfern 2017-08-25T04:23:36Z aboriginal-housing-company-commences-work-at-pemulwuy-project-redfern Sydney, Friday 25 August 2017 – The Aboriginal Housing Company will commence demolition works at Pemulwuy Project on Saturday 26th August 2017 and begin the journey of bringing a vibrant, new community to Redfern. Located opposite Redfern Station on Eveleigh Street, the primary purpose of the development is to provide much needed affordable housing for Aboriginal and Torres Strait Islander people, and will consist of 62 properties – 36 town houses and 26 apartments. With wide-scale support from the community, locals readily await the commencement of the Pemulwuy Project. When asked to comment on the redevelopment of the area, one local business owner commented that [the development] “is well overdue, and with the community base being one of the best in Sydney it needs the growth. The amount of people and businesses that will thrive [because of the project] is a good thing. I think it’s great urban growth, I think it’s a great idea and a good move for Redfern.” Alisi Tutuila, Chairperson of the AHC, expressed her gratitude to the community for supporting the AHC and their vision for a sustainable, social, urban development that will create a strong community for generations to come. “The AHC’s vision is to create a positive future for our next generation. The Pemulwuy Project epitomizes this vision, and will provide Aboriginal and Torres Strait Islander people with the opportunity to live and grow up in a vibrant, safe environment in the heart of Sydney. We are happy that we continue to move forward with the support from our community” she concluded. The Pemulwuy Project will provide the AHC with a strong economic foundation, fostering the hopes and aspirations of the community, through housing, employment, training, and further educational opportunities. Click here to watch the community interviews. -ENDS- About the Aboriginal Housing Company The Aboriginal Housing Company (AHC) is an independent non-profit charity and the first community housing provider in Australia, incorporated in 1973 as a company limited by guarantee. It is an all Aboriginal governed organisation, located in the heart of Redfern, which lies in the traditional lands of the Gadigal People, part of the Eora Nation. The company was formed in direct response to the widespread discrimination Aboriginal and Torres Strait Islander people and families experienced in the private rental market. The AHC is self-funded and operates on income derived from rental properties. Affordable housing is located across Sydney and country regions in NSW. A current focus is the redevelopment known as Pemulwuy Project. The redevelopment will breathe new life into Redfern and restore a strong and healthy Aboriginal and Torres Strait Islander community with an emphasis on cultural values, spirituality and employment. The Pemulwuy Project will make Redfern the best urban Aboriginal and Torres Strait Islander community in Australia and in doing so, set the benchmark for all other communities. Gut health, immunity and relief from atopic dermatitis for infants: powerful bacteria strain in new consumer health products 2017-08-23T22:38:32Z gut-health-immunity-and-relief-from-atopic-dermatitis-for-infants-powerful-bacteria-strain-in-new-consumer-health-products A potent strain of probiotic bacteria scientifically and clinically demonstrated to reduce eczema symptoms in infants, colonise the gastrointestinal tract and help improve immunity for adults including endurance athletes is now available in a new range of Australian health products. The probiotic strain, Lactobacillus fermentum VRI-003, was originally isolated from a woman with robust gastrointestinal health and is owned by the Australian life sciences company Bioxyne. Lactobacillus fermentum VRI-003 is trademarked ‘PCC®’. This month Bioxyne launched three products formulated with PCC® – Progastrim® for gut health and immunity, Progastrim® + Vitamin C to help reduce the severity and duration of colds and flu symptoms, and proTract® for infants with atopic dermatitis (eczema). Bioxyne’s Scientific Director, cell and molecular biologist Dr Peter French, first started working on the connection between gut microbiome and immune health in 2002. “PCC® has an advantage over many other strains on the market because it produces a thick polysaccharide coat that causes the bacteria to clump, protecting the bacteria from stomach acid and bile and helping it adhere to the walls of the intestinal tract,” Dr French said. “We know from laboratory studies that PCC® is capable of colonising the intestinal tract and stimulating the areas of immune tissue in the small intestine known as Peyer’s Patches. It exhibits superior survival to other probiotics in the acidic (pH 2-4) environment found in the stomach and large intestine and it inhibits a number of human gastrointestinal pathogens.” In double blind, placebo-controlled studies*, PCC® has demonstrated: Reduction of the duration and severity of respiratory infections Reduction of the symptoms of moderate to severe atopic dermatitis (eczema) in infants Boosting of the immune response to the FluVax (flu vaccinations) improved bowel PCC® has a thick, clumpy coat which gives it a survival advantage over other, better known probiotics such as Lactobacillus acidophilus Earlier this year the Therapeutic Goods Administration (TGA) reviewed the evidence supporting the claims for PCC® ’s ability to help improve eczema symptoms in infants and confirmed that the claims comply with the requirements for listing the product on the Australian Register of Therapeutic Goods (ARTG). “Scientists are increasingly proving the connection between the gut microbiome and general health and wellbeing, in ways that extend far beyond just the gastrointestinal tract,” said Dr French. “The question now isn’t whether probiotics are good for you, but which probiotics should be consumed and for what purpose. “Consumers should look for probiotics that are of human origin, resistant to acid and bile, and that have been scientifically and clinically tested for their health claims. We are particularly pleased that the Therapeutic Goods Administration (TGA) earlier this year reviewed the evidence supporting the claims for PCC® ’s ability to help improve eczema symptoms in infants and confirmed that the claims comply with the requirements for listing the product on the Australian Register of Therapeutic Goods (ARTG). Bioxyne’s PCC® products – Progastrim® (RRP AUD$29.95), Progastrim® + Vitamin C (RRP AUD$32.95) and proTract® for atopic dermatitis (RRP AUD$27.95) - can be purchased online at *References to clinical studies cited: Prescott S, Dunstan JA, Hale J, Breckler, Lehmann LH, Weston S, Richmond P, 2005. Clinical effects of probiotics are associated with increased interferon-gamma responses in very young children with atopic dermatitis. Clinical & Experimental Allergy; 35(12):1557-1564. Weston S, Halbert A, Richmond P, Prescott SL, 2005. Effects of probiotics on atopic dermatitis: a randomised controlled trial. Archives of Diseases in Childhood 90:892-897. Cox AJ, Pyne DB, Saunders PU, Fricker PA, 2008. Oral administration of the probiotic Lactobacillus fermentum VRI-003 and mucosal immunity in endurance athletes. British Journal of Sports Medicine 44:222-226. French P, Penny R, 2009. Use of probiotic bacteria as an adjuvant for an influenza vaccine. International Journal of Probiotics and Prebiotics 4(3):175-180. West NP, Pyne DB, Cripps AW, Hopkins WG, Eskesen DC, Jairath A, Christophersen CT, Conlon MA, Fricker PA, 2011. Lactobacillus fermentum (PCC®) supplementation and gastrointestinal and respiratory-tract illness symptoms: a randomised control trial in athletes. Nutrition Journal 10:30. Mindfields to democratise RPA by offering a one stop solution at a fixed price per process. 2017-08-22T21:15:38Z mindfields-to-democratise-rpa-by-offering-a-one-stop-solution-at-a-fixed-price-per-process Sydney: Australian automation and AI advisory firm Mindfields has launched Automation as a Service (AaaS), a banquet of RPA services such as research, education, consulting and execution, packaged at a fixed price per process. It will open doors to automate processes that were previously unimaginable or unfeasible. RPA takes business processes that are currently performed by human workers and creates a software bot that then performs the same task around the clock. Mindfields Managing Director Mohit Sharma said, “We do not want to charge new clients for the framework we have already developed for existing clients, instead we have customised workshops backed by ongoing research to reduce the cost of automation and shorten their decision cycle," Mindfields has automated and robotised its own consulting and delivery processes in the form of AaaS. Clients will get a bundled offering containing consulting backed by ongoing research in emerging technologies and delivery embedded with training. “Our aim is to make it free in the long-term and focus on feeding and exploiting data generated by automation. Automation is the first step in the journey and should be treated as investment in short-term” commented Sharma. AaaS will provide following benefits to clients for a fixed price per process: Automate more at faster pace Consulting backed by ongoing research on RPA tool and process selection Education to empower client teams to execute RPA in-house Execute and implement RPA efficiently based on Mindfields’ experiences and lessons learned Automation at a fixed price per process, which provides cost assurance to a business case Enabling clients to focus on the most important outcome of RPA i.e. automating data and interaction analytics, rather than the technical details. Currently, clients are paying separately for these services to various vendors who work in silos which can increase costs and project timelines. AaaS will democratise RPA irrespective of industry vertical and client’s company size. “Businesses can now think about the outcomes they are seeking, rather than getting bogged down in the technology specifications and cost of initiating the RPA journey.” Mindfields has also been recently covered in the technology section of the Australian Financial Review. You can view the article here - For more info on AaaS, visit - or watch this video About Mindfields: Mindfields is a vendor and tool agnostic full-service Robotic Process Automation and Artificial Intelligence firm with a global presence. We provide consulting, education and execution to clients backed by comprehensive independent research. For more information, please visit our website. Australian Customers Prefer Digital-First Approach to Banking Services 2017-08-10T00:00:00Z australian-customers-prefer-digital-first-approach-to-banking-services Sydney, Australia, August 10, 2017 – Australian customers would prefer to resolve their basic banking issues without having to deal with a human being, according to a new survey by market researcher, YouGov. The Avaya-commissioned Customer Experience in Banking 2017 report indicates that Australians’ most-preferred method of contact with their bank would be via the website, while a third, 34 per cent, regularly use mobile banking apps, more than their counterparts in the UK and UAE. The survey covered more than 5,000 banking customers in four countries – Australia, India, the UK, and the UAE. Given the choice of only one channel, 28 per cent of the 1,153 Australians surveyed would prefer access to a complete list of services via their bank’s web site, only speaking to a person if they really have to. Likewise, 19 per cent would prefer to use a mobile app, while eight per cent would choose to access services through the contact center application. More than half, 54 per cent, regularly use online banking, behind only the UK’s 60 per cent, while only 36 per cent usually visit their branch, the joint-lowest with the UK. Unsurprisingly, younger generations of Australians are more likely to use mobile services, with 58 per cent of 18 to 24-year-olds and 53 per cent of 25 to 34-year-olds regularly using mobile apps, compared to just 13 per cent in the 55+ category. Interestingly, 57 per cent in the latter group use online banking, while just 45 per cent of 18-24-year olds do. Still, the YouGov study found that traditional interactions continue to hold a place in the financial services industry. In fact, 22 per cent of Australians prefer to visit branches, a figure led by older respondents, with a third of over-55s selecting that option. While more than half, 51 per cent, of Indian respondents said they regularly visit their branch, the highest of the four countries surveyed, only 13 per cent said they prefer to do so – by far the lowest of the four. “The financial services industry (FSI) has typically led technology adoption and digital services – in part due to available capital, but primarily because a highly-competitive market creates constant pressure to exceed the expectations of demanding consumers,” said Peter Chidiac, Managing Director Australia and New Zealand, Avaya. “Customers see value in more than just rates, meaning banks and other financial organisations must provide an experience that aligns to the daily lives of their consumers. To meet those expectations, they have to optimise traditional transactions while enabling interactions across the latest platforms and introducing innovations such as artificial intelligence (AI).” Regardless of how they choose to contact their bank, the most important issues for Australian customers is that they get the same level of experience and service, and that their problem is resolved on the first point of contact. The most common customer complaint is being kept waiting for a long time on the phone, cited by 21 per cent. This may explain why less than a quarter, 23 per cent, of Australian respondents regularly call a contact center. “Consumers are looking for fast resolutions, and within reason, hope for an answer within the first point of contact,” said Chidiac. “The problem is that some contact centre agents in financial institutions aren’t prepared to deal with a wide range of enquiries, especially in omni-channel environments. Contact centre agents need to be equipped to deal with enquiries no matter which platform the consumer is using to make contact, and importantly, the interaction must be able to shift across platforms without forcing the consumer to explain their issue repeatedly.” To learn about how Avaya is digitally transforming financial services, check out this short video or browse this resource guide. About Avaya Avaya enables the mission critical, real-time communication applications of the world’s most important operations. As the global leader in delivering superior communications experiences, Avaya provides the most complete portfolio of software and services for contact center and unified communications with integrated, secure networking— offered on premises, in the cloud, or a hybrid. Today’s digital world requires some form of communications enablement, and no other company is better positioned to do this than Avaya. For more information, please visit Certain statements contained in this press release may be forward-looking statements. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will" or other similar terminology. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these are reasonable, such forward looking statements involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors may cause our actual results to differ materially from any future results expressed or implied by these forward-looking statements. For a list and description of such risks and uncertainties, please refer to Avaya's filings with the SEC that are available at Avaya disclaims any intention or obligation to update or revise any forward-looking statements. All trademarks identified by ®, TM, or SM are registered marks, trademarks, and service marks, respectively, of Avaya Inc. All other trademarks are the property of their respective owners ### icare (Insurance & Care NSW) implements OnBase by Hyland for digital information management 2017-07-27T05:27:03Z icare-insurance-care-nsw-implements-onbase-by-hyland-for-digital-information-management icare, the New South Wales’ government’s insurance and care provider, has selected and implemented OnBase by Hyland, an enterprise information platform, hosted in the Hyland Cloud. icare will use OnBase to support its enterprise vision of digital information management, initiating the project in its largest division, which delivers insurance and care services to customers of the NSW Workers Compensation scheme. icare is one the largest insurers in Australia with $33 billion in assets and more than 3.4 million customers. icare is a new public financial corporation undertaking business transformation from a previously adversarial process to a contemporary business, delivering a world-class service experience to employers, injured workers and motorists – focused on quality of life outcomes, not process. Through this transformation, icare is creating a fresh new business model from one based on previously fragmented systems to one powered by a common platform, providing an integrated view of the customer and service delivery. To enable this goal, icare sought an innovative technology to provide a single view of the customer information and optimise business processes. “Hyland was a natural fit for icare. They show impressive insurance and health industry experience and have provided sound advice on how we can optimise their OnBase technology within our business environment and successfully integrate it with our insurance lifecycle management software, Guidewire. We’ve enjoyed a successful partnership where they’ve met our deadlines, enabling us to meet our program milestones,” said John Nagle, icare group executive, workers insurance. “The OnBase product provides an end-to-end record management and secure storage solution to manage our customer correspondence, policies and billing – linking them to claims and care delivery, as well as enabling secure access of information from the cloud,” Nagle said. “Their solution provides a fully integrated platform which gives our underwriters and billing staff a birds-eye view of the data they need to support employers and ultimately respond to injured workers in a timely manner.” icare completed phase one of its OnBase implementation in its workers’ compensation policy processes in April 2017. It has selected workers’ compensation claims processes for phase two, implementing Guidewire ClaimCenter® and OnBase simultaneously. “Utilising the OnBase Ready for Guidewire accelerators for Guidewire InsuranceSuite™, icare staff gain instant access to important information – improving decision-making for its workers’ compensation policies and claims and eliminating the need to search multiple applications, file shares or paper records,” said Ruth Fisk, global director of insurance at Hyland. “We’re looking forward to working with icare to connect information throughout the enterprise and deliver the best service possible to their customers, resulting in getting the injured employee back to work as quickly as possible.” For more information about workers’ compensation and the OnBase integration and accelerators for Guidewire, visit Breaking News - ASX Listed G Medical Signs Binding MOU for US $67.5M for China Distribution 2017-07-27T00:24:14Z breaking-news-asx-listed-g-medical-signs-binding-mou-for-us-67-5m-for-china-distribution ASX Announcement 27 July 2017 G MEDICAL SIGNS BINDING MOU FOR CHINA DISTRIBUTION VALUED AT US$67.5M •Binding MOU signed with Shandong Boletong Information S&T Co. Ltd. •Agreed terms include call centre cooperation and a minimum purchase order of Smartphone Prizmaunits within the first year. •Medical and ancillary support via Nurse and Physician staffed call centres and ‘Cloud’ services. Mobile health and e-health company G Medical Innovations Holdings Ltd (“G Medical” or the “Company”) is pleased to announce it has executed a Binding Memorandum of Understanding (“Agreement”) between its subsidiary G Medical Innovations Asia Limited and Shandong Boletong Information S&T Co. Ltd. (“Boletong”), for the distribution of G Medical’s products and for call centre and ‘Cloud’ services in the People’s Republic of China. G Medical Smartphone Prizma Purchase Order Pursuant to the terms of the Agreement, Boletong has agreed to purchase a minimum quantity of units within the 1st Year of the G Medical Smartphone Prizma, and to provide associated support services for a minimum period of 60 months. Boletong will pay a pre-determined price for each unit, with the value of the agreement based on the minimum commitments being no less than US$67,500,000. The obligation to acquire the units commences on the granting of the CFDA certification to G Medical, which is currently in process. Support Services 1) Medical Services: Pursuant to the terms of the Agreement, Boletong and G Medical will set up a medical call centreproviding support services from 50-60 Nurses and 3-5 General Practising Physicians. Boletong will be responsible for the recruitment of the Nurses and General Practising Physicians, andthe establishment of the call centre. 2) ‘Cloud’ Subscription and Support Services: Pursuant to the terms of the Agreement, Boletong and/or G Medical will provide; a) Automated Cloud algorithm interpretation services, for biomedical signals 20170727_GMV - Binding MOU for China Distribution Page 2 of 3 b )Level 1 services including, Live and/or automated end-user technical support c) Level 2 services including, hardware (device) support, replacement/repairs Marketing and advertising G Medical agreed to contribute an immaterial portion of the per unit price as marketing and investment for Boletong's promotion of the products and services in China, with such payments to be set-off against payment of the purchase orders by Boletong. Non-competition Boletong and its associations are subject to non-competition restraints for the period of the Agreement, and ending five years after its termination (unless G Medical is found by a Court to have breached the Agreement). These non-competition restraints extend to competing with the products or services of G Medical. G Medical CEO Dr. Yacov Geva, commented: “I am extremely pleased to announce yet another significant relationship for G Medical within the ever-growing and lucrative Chinese territory. To have further increased our purchase commitment for our G Medical Smartphone Prizma devices, over and above our existing agreements, is an exceptional outcome with a key partner in Boletong. This adds further to our robust, multi-year revenue stream for the Company, particularly within the first year of a CFDA approval being granted”. “I have met with the executives of Boletong, and whilst in China have visited their facilities and operations. Boletong operates in 16+ provinces and works with the National Public Health care system and acts as a distributor of medical services for the government. Boletong is currently working with several large healthcare organisations such as Wanda, a medical company which is positioned in the top three in their area, and along with telecom carriers such as China Telecom. Boletong is also supported through investment from a large and reputable group in Beijing. Our team, has invested more than 3 months in bringing this MOU to fruition, during which time we were able to satisfy ourselves as to Boletong's strong financial position, their key government partnerships in place, and the ability to deliver all aspects under our agreement.” “This relationship is a significant strategic partnership, allowing the roll out the Company’s medical and ancillary support services within the Chinese territory, for both our professional call centre and Cloud based systems”. Ends Corporate Advisors Otsana Capital 108 Outram Street West Perth WA 6005 Telephone: +61 8 9486 7244 About Shandong Boletong Information S&T Co., Ltd Shandong Boletong Information S&T Co., Ltd. (Boletong) is a hi-tech medical and healthcare company invested by Beijing Honghui Group which has businesses in medicine, investment, drug store automation system and new energy areas, based in China. Boletong focuses on the production and sales of medical devices, membership healthcare management systems and R&D and applications for the National Basic Public Healthcare Project Solution. Boletong is currently one of the top 16 service providers for the national public healthcare system. Boletong is located in Jinan Hi-tech Technology Development Area, Shandong province. Boletong’s website is About G Medical Innovations G Medical (ASX:GMV) was founded in August 2014, aiming to be at the forefront of the digital health revolution, developing the next generation of mobile health (mHealth) technologies. The Company brings forth the experience and expertise of its Board to deliver best-in-class solutions to address this global opportunity. The Company specialises in innovative next generation mobile and e-health solutions and services using its suite of devices and software solutions with a view to driving multiple and recurring revenue streams, across numerous verticals and territories. For more information on G Medical, please visit ThoughtWorks Releases First-Ever Report on Courageous Leadership Among Successful C-Suite Executives 2017-07-25T23:34:26Z thoughtworks-releases-first-ever-report-on-courageous-leadership-among-successful-c-suite-executives p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Arial} li.li1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Arial} span.s1 {font-kerning: none} span.s2 {text-decoration: underline ; font-kerning: none; color: #0563c1} span.s3 {text-decoration: underline ; font-kerning: none} ul.ul1 {list-style-type: disc} ThoughtWorks, a global software consultancy released a first of its kind report, “The Next Big Disruption: Courageous Executives”, revealing what sets top business leaders apart from their competition. The report profiles an elite segment of C-Suite leaders referred to as “Courageous Executives” in the US, the UK, Australia and India and the findings underscore the critical role technology plays in business strategy, from navigating the chaos of digital transformation to how they’re setting their business up for future success. The report also sheds light on the leadership styles of Courageous Executives including their tolerance for risk and failure, their use of customer insights and the ways leaders in all four countries are preparing for the future of work. This report, developed by ThoughtWorks in partnership with research agency Northstar, features insight from Fortune 500 C-Suite executives who are: advocates for digital transformation; have an active role in directing how technology enables their business; have seen their company’s revenue or profit increase significantly due to a recent technology change; and 85 percent of which self-identified as risk takers. “As companies across all industries embrace the changes of our increasingly digital world, we’re seeing leaders at the helm of these companies dive deeper into how technology is implemented and how it works,” said ThoughtWorks President and CEO, Guo Xiao. “I began my time in the industry as a developer, giving me the tools I needed to approach business with a technology first perspective. Executives across the globe are learning that a strong grasp of technology matters and they’re finding ways to adapt. Our findings show that 54 percent of Courageous Executives have developed a deep understanding of technology with a remarkable 57 percent of these leaders reporting having written code,” noted Xiao. "A tenacious commitment to embrace technology is what today sets apart truly Courageous Executives." According to Ange Ferguson, Group Managing Director for ThoughtWorks Asia Pacific, “In this new age of digital disruption, technology is being catapulted closer to the business core and that’s challenging the traditional C-suite. They need to think and behave differently when it comes to the role of technology in their strategy, and to question how they are engaging technology to produce better outcomes for the business. “While capability was once a barrier to what’s possible, now the constraint lies in the willingness of decision makers to be courageous with foundational technologies,” she said. REA, which operates Australia’s leading residential, commercial and share property websites, as well as a number of property portals in Asia and interests in the US and India, credits its impressive growth and success to a culture based on consistent innovation and invention. “The REA business is built around customer delivery, which demands that we work to the same agile rhythm across all levels of the organisation. Visualised work, team stand-ups and collaboration enable the innovation and invention that has become part of our DNA,” said Nigel Dalton, Chief Inventor, REA. “Our competition is global and the landscape is set to change as AirBnB, Facebook, Google, eBay, and WeChat become major players in property over the next few years. We’re embracing the opportunities this creates by focusing our culture of innovation and invention on the technologies that will change how people find property - robotics, virtual reality, augmented reality and data science. “That, along with our diverse backgrounds, creative thinking and scalability, will see us continue to deliver new products and services to market faster than anyone else, and ensure we are the world’s best.” According to the report, notable themes uniting Courageous Executives include: Proactive Approach to Technology Changes According to the report, to keep pace and anticipate future technology shifts, Courageous Executives conduct research, analyze their competitors, troubleshoot tech challenges and hire subject matter experts. A majority of Courageous Executives (65 percent) say that digitizing and adapting to new technology is a top business priority followed by growth. Research – 63 percent of leaders do their own research to stay ahead of technology changes. Top trends they’re exploring include security threats; human and machine interaction; new hardware, software and operational platforms; machine learning and artificial intelligence; virtual reality and augmented reality. Competitor Analysis – In all four countries, big tech decisions are most often fueled by competition. Asked to identify the largest driver motivating change, 47 percent pointed to their competitors. Tolerance for Risk and Willingness to Fail Understanding risks and its impact on ongoing business success is an important characteristic of a Courageous Executive along with the ability to rebound after a perceived failure. Appetite for Risk - In fact, 87 percent of all executives agree that taking risks is necessary to achieve goals and maintain a strong competitive advantage with 62 percent pointing to their willingness to take risks their competitors won’t as a key differentiator. Failing Well - Courageous Executives reported their most common reaction to these setbacks was to focus on what went right with the second being to stay as positive as possible. When asked how failure affected their employees, 54 percent globally said that they believed failure made them even more motivated to succeed. Use of Customer Insights Throughout the world, courageous leaders recognize the necessity of maintaining a close connection to their customers. 91 percent report that customer input directly informs their strategic decision-making. While there is some agreement as to the best methods for gathering that customer input, there’s still a lack of consensus among executives when it comes to what data they’re collecting and who is assessing the insights. Data Source - Overall, the most common source of insight is customer research, followed by social feeds which are monitored by 68 percent of Australian, 60 percent of UK and Indian and only 38 percent of US leaders. Other ways executives gather information includes using analytics from a content management system or implementing a designated customer insights task force. Customer Engagement - Gathering data from multiple sources is universally valued, but 87 percent of executives report having an internal team dedicated to their customers. Additionally, 58 percent of US and 48 percent of Australian executives say they speak to their customers themselves, which is far more than 32 percent in India and 22 percent in the UK. The Future of Work Across continents, nearly half of all courageous leaders describe their company culture as “team-first,” meaning they hire primarily for cultural fit, with skills and experience the second consideration. A third define their company as having an “elite” culture, described as hiring only the best to change the world by untested means. Subject Matter Experts - An overwhelming majority of Courageous Executives (90 percent) emphasized the importance of key hires, stating that discovering subject matter experts and new talents helps their context and credibility and is crucial to success. Tech’s Impact - 70 percent believe that replacing white-collar workers with technology is a natural progression and to be expected. To prepare for the potential impact of technology on the workforce, 87 percent of leaders admit to researching new technologies that may help them save on staff costs. 83 percent also agree that they’re preparing for the impact of technology replacing their workers by limiting new hires to reduce ongoing overhead. To download the report visit Methodology Developed by ThoughtWorks’, this report is based on data collected by Northstar Research Partners from C-Suite executives from Fortune 500 companies with 100 employees or more, 87 percent of whom have occupied their office for at least three years and 79 percent reporting more than $100 million in revenue. The executives are primarily Presidents or Chief Executive Officers, the data also includes insights from the full C-suite including CIOs, CMOs, COOs, CTOs from a variety of industries from finance and retail to healthcare and manufacturing and more. About ThoughtWorks We are a software company and community of passionate purpose-led individuals. We think disruptively to deliver technology to address our clients' toughest challenges all while seeking to revolutionize the IT industry and create positive social change. Fellowship supports search for new disease treatments 2017-07-23T22:55:35Z fellowship-supports-search-for-new-disease-treatments La Trobe University and leading Australian biotech company AdAlta have received new funding to identify and develop potential treatments for a range of human diseases using the company’s novel class of drugs, known as i-bodies. La Trobe University’s Dr Chris Hocking has been awarded a Science and Industry Endowment Fund (SIEF) Business Fellowship worth $427,000 ($210,000 from the CSIRO), further strengthening the collaboration between La Trobe University and AdAlta. The SIEF Business Fellowship Program aims to build deeper connections and collaborations between researchers and industry, accelerate the adoption of new ideas and technology, while also helping to grow into larger and more profitable organisations. Furthermore, the program provides practical industry experience for early career researchers. The SIEF Fellowship grant will support Dr Hosking’s work with AdAlta’s Chief Scientific Officer, Professor Mick Foley, at the La Trobe Institute for Molecular Science. “Under the SIEF grant we will screen the i-body library to identify and develop new i-body candidates against difficult to access drug targets, such as complex signalling proteins called GPCRs,” Professor Foley said. “Chris is an excellent candidate for the Fellowship because he has extensive experience working with phage displays and screening libraries. Chris brings significant expertise to the AdAlta team.” La Trobe Pro Vice Chancellor Industry and Engagement, Dr Daniel Grant, congratulated Dr Hosking. “La Trobe recognises the importance of engaging with, and building strong partnerships with, innovative companies,” Dr Grant said. “We have had a longstanding and productive relationship with AdAlta and this Fellowship is a great outcome for both parties.” I-bodies are a promising, novel class of drugs that offer a new and more effective approach to treatment of a wide range of human diseases. AdAlta pioneered a technology that mimics the shape and stability of a crucial antigen-binding domain, which was discovered initially in sharks and then developed as a human protein. More: Banking on a sustainable future for our regions 2017-04-20T03:48:44Z banking-on-a-sustainable-future-for-our-regions Through its partnership with Landcare NSW, Regional Australia Bank is continuing to lead the way in Corporate Social Responsibility, donating $1 for every member that switches to online statements. Over the last four years, Regional Australia Bank has donated over $18,000 to Landcare NSW, a contribution State Landcare Coordinator Sonia Williams says is vital to local Landcare groups. “Without Regional Australia Bank’s support, many local Landcare groups would not be able to undertake their environmental conservation, education and sustainable agricultural projects,” Ms Williams said. “Regional Australia Bank’s contribution not only helps us to assist groups showcase their projects and build connections with their community, it also helps us fund important training to show them how they can widen their net of potential funding to help deliver their projects.” This financial year alone, six local Landcare groups, across Regional Australia Banks service regions, were the recipients of this much-needed support - support that has ensured the success of their projects. They include Southern New England Landcare – Frog Dreaming project; Congewai Valley Landcare – Regent Honey Eater project; Wollombi Valley Landcare Field Day – Meeting of the Waters project; Landcare NSW - Crowd-Funding Training workshops; Manning Landcare - Farm Gate Tour and the Murrurundi Landcare Tidy Towns Committee – Page’s River Warrior project. Regional Australia Bank CEO Kevin Dupé said: “Regional Australia Bank is proud to have contributed to these worthwhile projects through our partnership with Landcare NSW.” “As a bank we are committed to setting ourselves significant sustainability goals that will help ensure the future of our communities. We also endeavor to inspire and empower our members to make ethical decisions of their own and it is heartening to see so many already doing so by making the switch to online statements.” Through partnerships like this, Regional Australia Bank is acutely aware of the role it can play by encouraging sustainability and it seems, others are now taking notice of this ingenuity too. “Recently, a member of our Executive Management Team, Darren Schaefer was awarded a scholarship to take part in the Prince of Wales Leadership in Sustainability Programme through the University of Cambridge,” said Mr Dupé. “This programme recognises influential senior leaders operating at a strategic level within sustainability and arms them with knowledge and techniques to address key sustainability challenges in a practical way.” The Bank also recently held its second Sector Sustainability Summit in Sydney with other like-minded institutions - discussing the establishment of sector benchmarks for sustainability reporting, reviewing best practice and exploring collaboration opportunities around the UN Sustainable Development Goals. Mr Dupé says this is all part of the bank’s ongoing focus to minimising its own impact on the environment and maximising social and environmental returns to its regional communities, in the same way its partnership with Landcare NSW has done. - Ends - Contact: Sara Crowe, C7EVEN Communications, 02 6766 4513 / 0438 197 559 It is requested that Regional Australia Bank is not shortened to an acronym and always referred to in full as Regional Australia Bank. Image caption: Lucinda Chapman (Landcare NSW) and Kevin Dupe (CEO, Regional Australia Bank) at the Armidale Creeklands Suite 4 Technology Park, Madgwick Dr, Armidale NSW 2350 Australia Phone: 02 6776 0000 Direct investment strategies likely to outperform according to report released today by BondAdviser 2017-02-05T21:30:00Z direct-investment-strategies-likely-to-outperform-according-to-report-released-today-by-bondadviser Melbourne: 3rd February 2017: Tactical trading strategies particularly in the direct securities sector will provide the strongest opportunities for Australian bond investors during the first half of 2017 according to a report released today by BondAdviser, Australia’s only specialist independent fixed income research platform.   The “First Half 2017 Outlook: Where to from here?” report also found the potentially steeper yield curve could make it difficult for Australian bond investors who are using index based methodologies and passive long-only strategies to outperform.   In 2016, gross issuance was limited in the ASX market with ~$7 billion printed across seven transactions and net issuance of $5.6 billion due to the redemptions.  Secondary volume improved (up 28%) compared to 2015, but sector diversity remained skewed with bank hybrids continuing to dominate the market.   Geoff Malkin, Managing Director of BondAdviser, commented: “The chase for yield is still on in 2017 with persistently low term deposit rates on the one hand and capital preservation on everyone’s mind in a 'Trump gone mad world’.  Access to the widest range of credit and interest rate securities that guarantee regular interest and certainty of maturity will be paramount to ensure stability in investors’ portfolios.”   Other key findings in the Outlook Report include: The inflexion point for equal allocation between credit risk and interest rate risk is fast approaching. Investors will have to be diligent and timely in their execution but the steepness of the swap curve should provide sufficient protection against any selloff; Demand for yield products could not be stronger and if anything, the lack of net issuance has created illiquidity and/or a scarcity premium; The expectation of low official interest rates for longer has not changed. The key now is understanding how international growth policies will affect the domestic yield curve; Analysis suggests we are in the final stages of the property cycle. Interest rates are expected to bottom out over the next 2 years and as a result, there will be downward pressure on asset prices.  Nearing the apex of the property cycle, prefer low-geared, diversified A-REITs with limited exposure to on-balance sheet developments will be most favourable; Regulatory reforms continue to dominate the health care sector where potential earnings volatility for service providers could spark concerns for debt investors; The performance of the ASX Listed Debt and Hybrid market in 2016 is unlikely to be repeated in 2017. While we expect demand to remain high valuations are no longer as favourable; Credit markets continue to be well-supported by solid fundamentals but political and macroeconomic risks have cast doubt into corporate capital investment and hence net issuance from corporate borrowers has been limited. The full Report is made available to BondAdviser customers and subscribers.  For more details please visit  / Ends  Note to Editors The Outlook Report is available for interested media as a reference source.  Please contact Pru Quinlan.  About BondAdviser BondAdviser is Australia’s only specialist independent fixed income research platform providing valuable information and clear investment recommendations for all ASX-listed interest rate securities and a broad range of over-the-counter corporate bonds.   The company is not aligned to any financial services organisation and the executive team brings over 75 years’ combined experience in the fixed income sector.  Our highly-experienced team has developed a sophisticated and deep understanding of fixed income markets through long-term experience working in global and local bond markets, building impeccable credit management skills.  For more information please contact: Pru Quinlan Einsteinz Communications on behalf of Bond Adviser E: T: (02) 8905 0995 All systems go at South Hill Armidale play space 2016-11-20T22:52:40Z all-systems-go-at-south-hill-armidale-play-space Regional Australia Bank, a proud supporter of the South Hill Armidale Play Space, is pleased to report that works have started on the highly anticipated project with completion now set for December 2016. The project, which is the brain-child of the Armidale District Netball Association, started six years ago, however it wasn’t until the project was posted on Regional Australia Bank’s ‘Heart of our Community’ website that it gained genuine traction. “We started this journey back in 2010, when we identified as part of our strategic plan, a need for a safe and secure play space for children, close to the netball courts,” said Rochelle Joyce, Armidale District Netball Association. “By 2013 a change in priorities saw us focus on the play space a little more and that’s when we decided to launch our plans and post it on the ‘Heart of our Community' website and then just like that, the project took off and we raised $125,000 in just under 12 months.” The idea behind the project was to make it easy for women to get back into or engage in sport and physical activity after having children so Rochelle says it’s great to see this vision finally taking shape. The Play Space will feature state of the art equipment including a 3.5 metre climbing cube, a fort, a birds nest swing, two spinners and an embankment slide. It will also offer children a sensory experience with textured plants, a nature area and a fully fenced pathway linking the netball courts to the play space. Kevin Dupé, CEO, Regional Australia Bank said: “The construction of the South Hill Armidale Play Space is wonderful news that will no doubt be welcomed by the entire community and we are pleased to see progress being made as a result of our contribution.” Mr Dupé added “It’s particularly rewarding for us as a Bank because one of the best things about our ‘Heart of our Community’ initiative is that there is no eligibility criteria for applying. You simply post your project, idea, or event and garner community support for it. The more votes, the higher the project ranks in that community, it’s as simple as that.” Regional Australia Bank is proud to have helped many wonderful community ideas come to life thanks to its ‘Heart of our Community’ initiative. Community members who are interested in the park’s progress should contact Armidale Regional Council or the Armidale District Netball Association. - Ends - Media enquiries: Sara Crowe, C7EVEN Communications, 02 6766 4513 / 0438 197 559 Editor’s Note: It is requested that Regional Australia Bank is not shortened to an acronym and always referred to in full as Regional Australia Bank. Regional Australia Bank backs Warialda Play Park upgrade 2016-10-31T02:42:27Z regional-australia-bank-backs-warialda-play-park-upgrade Warialda locals are being encouraged to put their support behind the Warialda Play Park upgrade as part the Regional Australia Bank ‘Heart of our Community’ initiative. The initiative which was established in 2012 has already seen many wonderful ideas come to life thanks to community members posting an idea or project to the Banks Heart of our Community website and garnering support by fellow community members. Debbie Ford is the driving force behind the Play Park upgrade and says she is really excited about the prospect of funding from the Bank. “We’ve been working towards an upgrade to the park for a few years now. Some of the equipment was so old, it no longer met Australian standards so when the opportunity to post the idea on The Heart of our Community website came up, we jumped on it ,” said Debbie. Regional Australia Bank is likewise enthusiastic about this project and has committed up to $8,000 for the upgrade if the project receives enough votes of community support. “For every vote, Regional Australia Bank will contribute $40 toward the project and elevate the status of the project toward the top ranked ideas for that community,” says Matthew Hayes, Area Manager, Regional Australia Bank. “We will assess the votes at the end of December and hopefully the project will have received the 200 votes it needs to receive the full $8,000 from the Bank.” Plans for the upgrade include the addition of a swing with a seat belt for younger kids, appropriate equipment for kids over 10, a fence around the entire play area and additional seating in the area. Soft fall ground cover is also on the wish list. “Basically I want to make the play area as beautiful as the rest of the park, so that it becomes a place where children and their parents can spend time together outdoors but also a place where visitors want to stop off when they are passing through,” said Debbie. Community members can vote for this project by registering on Regional Australia Banks ‘Heart of our Community’ website - Ends - Contact: Sara Crowe, C7EVEN Communications, 02 6766 4513 / 0438 197 559 Editor’s Note: It is requested that Regional Australia Bank is not shortened to an acronym and always referred to in full as Regional Australia Bank. Regional Australia Bank takes on the Challenge 2016-10-31T00:03:30Z regional-australia-bank-takes-on-the-challenge In the latest of a series of community partnership deals, Regional Australia Bank is throwing its support behind the Inverell Toughen Up Challenge with a three-year naming rights sponsorship. Alex Ribeiro, Inverell Branch Manager, Regional Australia Bank said: “partnering with the Inverell Toughen Up Challenge was a perfect fit for the Bank. It is an excellent event that puts value back into the community. It also draws a lot of people to the area from the surrounding region, which is great for the local Inverell economy and ultimately supports the Bank’s commitment to regional prosperity.” The Challenge which involves teams of four people completing a 9km square course throughout the Inverell CBD, sees people of ages from eight to eighty take part and has grown exponentially over the last five years. “When we first started out, we never envisaged the event would become so popular,” said Lynn Lennon, Inverell Toughen Up Committee Member. “Naturally, we sought out a like-minded organisation to partner with to support this growth and it made sense to approach Regional Australia Bank. We operate under the same ethos, with proceeds of the event going back into ‘bricks and mortar’ within the community in the same way the Bank puts 5% of its profits back into the community." On top of that Lynn says the Bank has been a great supporter of the event over the years and is already so involved in the community “they are just awesome” she added. The Challenge has both competitive and non-competitive divisions and has been designed with inclusion in mind so that people of all fitness and skill levels can participate. Lynn says it doesn’t matter if you’re not good at sports because there’s puzzles, swimming, tyre flipping – the works. It can be done by anyone. That’s the other thing that got the Banks attention explains Alex. “It is family orientated so both kids and adults alike can take part, in fact, my kids have done it twice now and it’s tons of fun.” The 2017 Regional Australia Bank Inverell Toughen Up Challenge takes place on Friday 10th March 2017 for the Juniors, with the main event on Saturday 11th March 2017 for the Adults. Registrations are now open and can be found at - Ends - Contact: Sara Crowe, C7EVEN Communications, 02 6766 4513 / 0438 197 559 Editor’s Note: It is requested that Regional Australia Bank is not shortened to an acronym and always referred to in full as Regional Australia Bank.