The PRWIRE Press Releases https:// 2018-12-05T03:48:57Z BAILEY’S DAY SURPASSES $3M MILESTONE IN THE FIGHT AGAINST CHILDREN’S CANCER 2018-12-05T03:48:57Z baileys-day-surpasses-3m-milestone-in-the-fight-against-childrens-cancer Bailey’s Day is excited to announce it has officially surpassed $3 million in raised funds for the Monash Children’s Cancer Centre. Now in its 15th consecutive year, Bailey’s Day took place on Tuesday, 4 December, raising $170,200, bringing the total amount raised since the charity’s inception to over $3 million. Money raised has already made it possible to train 17 new paediatric oncologists in Australia, making a world of difference in the fight against children’s cancer. For the first time, this year’s Bailey’s Day featured a performance starring one of Monash Children’s Cancer Centres patients and her doctor who took the stage to sing The Greatest Showman smash hit “A Million Dreams”. Georgia Russell, a 10-year-old bone cancer survivor who received treatment at the Monash Children’s Hospital and is now in remission, was joined on stage by Dr Yoni Diamond, a Bailey’s Day funded fellow. Georgia and Yoni were accompanied by Australian music icons and industry legends Lisa Edwards, her daughter Madi Edwards-Turner, and Michael Cristiano. Bailey’s Day is an annual charity luncheon, auction and golf day named after Bailey, the son of Patrick and Kerryn Tessier who tragically passed away of a brain tumour in 2004 at just two-and-a-half years old. After Bailey lost his battle with cancer in 2004 Patrick Tessier, a successful business man and passionate father, identified a need for greater support for training new medical professionals and established Bailey’s Day to raise much-needed funds for the Monash Children’s Hospital. While Bailey was undergoing treatment at the Monash Children’s Hospital there was a considerable shortage of paediatric oncologists, with only one, Dr Peter Downie. In high demand, Dr Downie divided his time between Monash Children’s Hospital and the Royal Children’s Hospital, meaning children with cancer only had access to treatment two half-days per week. Thanks to Bailey’s Day this situation has improved dramatically, with $3 million raised over the past 15 years enabling the training of 17 new paediatric oncologists and making it possible for children to be treated every day of the week. This year, Bailey’s Day featured a bevy of impressive auction items including six International Holiday packages: - Krabi, New York, Bali, Papua New Guinea, Langkawi and Kuala Lumpur, a Shell Penske Racing Hot Lap, a Mercedes for the weekend, and a private performance by award winning artists and Australian icons Lisa Edwards and Michael Cristiano. Patrick Tessier says he is proud that Bailey’s legacy is making such a huge impact on the lives of other seriously ill children in Australia and is still shocked that the charity has raised over $3 million. “I am very proud of Bailey’s Day and extremely grateful for the generosity and support that has allowed us to raise more than $3 million and make a difference in the lives of children just like Bailey. We started this charity to honour and remember a special little boy that we were lucky enough to call our son, and to be here 15 years later and see first-hand the effect that Bailey’s legacy is having on the lives of children and families across the country is truly incredible” said Tessier. Dr Peter Downie, Head of the Monash Children’s Hospital Cancer Centre, and the doctor who treated Bailey Tessier, says continued support from charities such as Bailey’s Day provide much-needed funds that allow the creation of new services and provide vital support for the hospital’s young patients. “Funding from Bailey’s Day has not only been imperative for the Monash Children’s Hospital, but specifically for the thousands of children who receive treatment at the hospital each year. “Over the last 15 years Bailey’s Day has funded the training of numerous paediatric oncologists in Victoria, helping to ensure that all children suffering from cancer are able to access the very best treatment, no matter their location. “The contribution Bailey’s Day has made to the medical landscape in Australia is undeniable and we are very proud and grateful to have been able to work with the charity for such a long period of time” said Dr Downie. Moving forward, Bailey’s Day will continue to raise vital funds in support of the Monash Children’s Hospital, as well as supporting cancer research as they strive towards finding a cure for children’s cancer. For more information or to purchase tickets please visit http://www.baileysday.com.au/ ENDS For interview enquiries please contact: Charles Bayer Wheel Spin Media 0417 163 419 InstaReM secures over $20 million in first close of Series C Funding round 2018-11-22T04:39:43Z instarem-secures-over-20-million-in-first-close-of-series-c-funding-round InstaReM, one of the fastest-growing cross-border payments companies in Asia-Pacific, with origins in Australia, has announced the first close of its US$45 million Series C round, at over US$20 million. The first close is led by high profile new investors MDI ventures (the venture capital arm of Telkom) and Beacon Venture Capital (the venture capital arm of KASIKORNBANK). InstaReM’s Series C round (to be completed in January 2019) will be used to drive growth in new markets, and to support the launch of a new consumer and enterprise product in 2019. The Australian market accounts for over 25% of InstaReM's current users SYDNEY, 22 NOVEMBER 2018: InstaReM, one of Australia’s fastest-growing digital cross-border payments companies with growing presence in Asia-Pacific, Europe and U.S., has announced the first close of its Series C funding round. The spectacular growth of the company, which started its operations in 2015 with Australia-to-India corridor, has secured a first close of more than US$20 million, led by new investors MDI Ventures (the VC arm of Indonesia’s Telkom) and Beacon Venture Capital (the VC arm of Thailand’s KASIKORNBANK) and supported by existing investors Vertex Ventures, GSR Ventures Rocket Internet and SBI-FMO Fund. The Series C round of US$45 million, which takes the remittance fintech’s overall funding to US$63.5 million, is expected to close by January 2019, ahead of its expected IPO in 2021. The Series C round will accelerate growth in InstaReM’s existing markets and enable it to enter new markets in Japan and Indonesia, where the company expects to receive licenses by the end of the year. This round will also enable InstaReM to launch a new consumer and enterprise product in 2019 for which the company has aggressive plans. InstaReM's next-generation payments platform leverages the latest technology to help its individual and enterprise customers send money to their destinations quicker and at a lower cost than its competitors. Having started its operations from Australia in August 2015, today InstaReM is the only digital cross-border payment company from Asia-Pacific which covers 40+ countries. With regulatory licenses and approvals in Singapore, Australia, India, Europe, United States, Hong Kong, Canada and Malaysia, and its extensive global banking partnerships, InstaReM is able to reach to over 3.21 billion consumer and business customers across 55+ countries worldwide. InstaReM already powers payments for three of the top ten Southeast Asian Banks. Prajit Nanu, Co-founder & CEO of InstaReM said: "The promise we've made to our customers, from day one, is that we'll always be transparent, and we'll forever give them the best value we can to help them do more with their money. No matter where they are in the world, and no matter if they're a business or an individual sending money overseas, it's been our mission to be their champion. That's why we were one of the first Asian remittance providers to move outside of Asia, and that's another reason why we've been able to secure this historic round of funding. In less than 4 years, we have become the payment backbone for emerging markets for banks and other global financial institutions." Nicko Widjaja, CEO of MDI Ventures said: "We see that InstaReM has strong capability to enable cross-border payment and remittance between Indonesia and its international partners. By providing the lowest exchange rates among competing services, InstaReM provides significant value to both local and foreign migrant workers looking to transfer funds to their home countries and to local businesses looking to conduct trade with international parties with the hope that they can boost/stimulate international trade exports. With Indonesia's fintech sector experiencing peak levels of growth, we believe that it is the ideal time for fintech companies, such as InstaReM, to focus on expansion throughout the country. As part of our thesis at MDI Ventures, we are keen to support InstaReM with their expansion in Indonesia and ASEAN through strategic partnership with various Telkom business units around the region." Thanapong Na Ranong, Managing Director of Beacon Venture Capital (Beacon VC), added: "We have been following InstaReM for some time, and are impressed with the way the company has been expanding globally, and scaling up its operations. As KASIKORNBANK becomes the digital bank of choice for customers, we have a strong commitment to working closely with category leaders in each sector and constantly improving our customer experience." A Finalist at the FinTech Australia 2018 Finnie Awards, InstaReM has recently received the Blockchain Innovator Award from the enterprise blockchain leader Ripple for its innovations in the payments space. Driving sales through engagement 2018-11-20T02:59:33Z driving-sales-through-engagement S21Media is a new era, new approach Australian digital marketing agency with an entrepreneurial mindset that is rewiring automotive dealer advertising by providing highly targeted communications and sales opportunities using of-the-moment marketing strategies and social media platforms. The agency is headed by Patrick Tessier, a leading automotive industry figure renowned in Australia and internationally for his unique dealer insights, marketing acumen and passion for the retail automotive business. Patrick’s involvement in marketing and advertising began 20 years ago when he established an automotive retail advertising agency with a handful of dealers which quickly grew into a full service agency with offices in four states employing over 30-plus professionals dedicated to delivering the ultimate in customer service and creativity. Additionally, Patrick was one of the driving forces in establishing the Australian Automotive Dealer Association, which today represents over 1,500 franchised new car dealers. Patrick’s involvement with the AADA continues today and includes convening the annual AADA National Dealer Convention, conducting international Study Tours and producing and distributing the quarterly Automotive Dealer magazine that extensively covers all aspects of the retail automotive industry. S21Media is at the cutting edge of digital advertising offering dealers an extensive arsenal of digital marketing tools and systems covering lead generation, social media, mobile marketing, reputation management, website design and much more. Core products include SNAP21, Leads247, and s21MEDIA is the sole Australian re-seller of the SpinCar proprietary technology that is used by thousands of dealers in the USA and around the world. S21Media delivers the results dealers demand. Call 1300 880 057 today. www.s21media.com.au Seagate Technology Reports Fiscal First Quarter 2019 Financial Results 2018-11-05T01:19:49Z seagate-technology-reports-fiscal-first-quarter-2019-financial-results Revenues of $3.0 billion, up 14% year-over-year Exabyte shipments of 98.8, up 41% year-over-year GAAP diluted earnings per share (EPS) of $1.54, up 148% year-over-year; non-GAAP diluted EPS of $1.70, up 77% year-over-year Free Cash Flow (FCF) of $410 million, compared with $113 million for the same period last year CUPERTINO, CA – November 2, 2018 – Seagate Technology plc (NASDAQ: STX) (the “Company” or “Seagate”) today reported financial results for the quarter ended September 28, 2018. “In the September quarter, we achieved strong financial results in revenue, profitability and cash flow, reflecting solid execution and positive demand for our products across multiple markets. By delivering competitive cost-effective mass storage solutions, Seagate is a crucial supplier in supporting the Data Age digital transformations that are happening across the storage marketplace. We believe our deep storage industry expertise, leading technology portfolio and focused execution will continue to drive long-term success for the company and deliver value to our shareholders,” said Dave Mosley, Seagate’s chief executive officer. Quarterly Financial Results GAAP Non-GAAP FQ1 2019 FQ1 2018 FQ1 2019 FQ1 2018 Revenue ($M) $2,991 $2,632 $2,992 $2,632 Gross Margin 30.5% 28.0% 31.0% 29.0% Net Income ($M) $450 $181 $496 $279 Diluted Earnings Per Share $1.54 $0.62 $1.70 $0.96 In the first quarter, the Company generated $587 million in cash flow from operations and $410 million in free cash flow, paid cash dividends of $181 million and repurchased 3 million ordinary shares for $150 million. Cash and cash equivalents totaled $1.9 billion at the end of the quarter. For a detailed reconciliation of GAAP to non-GAAP results, see accompanying financial tables. Seagate has issued a Supplemental Financial Information document, which is available on Seagate’s Investors Relations website at www.seagate.com/investors. Quarterly Cash Dividend The Board of Directors of the Company (the “Board”) has approved a quarterly cash dividend of $0.63 per share, which will be payable on January 2, 2019 to shareholders of record as of the close of business on December 19, 2018. The payment of any future quarterly dividends will be at the discretion of the Board and will be dependent upon Seagate’s financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board. Investor Communications Seagate management will hold a public webcast today at 6:00 a.m. Pacific Time that can be accessed on its Investor Relations website at www.seagate.com/investors. During today’s webcast, the Company will provide an outlook for its second fiscal quarter of 2019, including key underlying assumptions. An archived audio webcast of this event will be available on Seagate’s Investors Relations website at www.seagate.com/investors shortly following the event conclusion. About Seagate To learn more about the Company’s products and services, visit www.seagate.com and follow us on Twitter, Facebook, LinkedIn, Spiceworks, YouTube and subscribe to our blog. The contents of our website and social media channels are not a part of this release. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended, including, in particular, statements about the Company’s plans, strategies and prospects, financial projections, expectations regarding market demand and the Company’s products, shifts in technology, the Company’s ability to meet market and industry expectations and the effects of these future trends and expectations on the Company’s business and shareholder value and dividend issuance plans for the fiscal quarter ending December 28, 2018 and beyond. These statements identify prospective information and may include words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “should,” “may,” “will,” or the negative of these words, variations of these words and comparable terminology. These forward-looking statements are based on information available to the Company as of the date of this report and are based on management’s current views and assumptions. These forward-looking statements are conditioned upon and also involve a number of known and unknown risks, uncertainties, and other factors that could cause actual results, performance or events to differ materially from those anticipated by these forward-looking statements. Such risks, uncertainties, and other factors may be beyond the Company’s control and may pose a risk to the Company’s operating and financial condition. Such risks and uncertainties include, but are not limited to: items that may be identified during its financial statement closing process that cause adjustments to the estimates included in this report; the uncertainty in global economic and political conditions; the impact of the variable demand and adverse pricing environment for storage products; the Company’s ability to successfully qualify, manufacture and sell its storage products in increasing volumes on a cost-effective basis and with acceptable quality; the impact of competitive product announcements; the Company’s ability to achieve projected cost savings in connection with restructuring plans and consolidation of manufacturing activities; possible excess industry supply with respect to particular storage products and competing alternative storage technology solutions; the impact of trade barriers imposed by the U.S. government and potential corresponding actions by other countries in which the Company conducts its business; disruptions to its supply chain or production capabilities; unexpected advances in competing technologies or changes in market trends; the development and introduction of products based on new technologies and expansion into new data storage markets; the Company’s ability to effectively manage its debt obligations and comply with certain covenants in its credit facilities with respect to financial ratios and financial condition tests; currency fluctuations that may impact the Company’s margins, international sales and results of operations; cyber-attacks or other data breaches that disrupt the Company’s operations or result in the dissemination of proprietary or confidential information and cause reputational harm; cybersecurity threats and vulnerabilities associated with the Company’s infrastructure updates to its information technology systems; and fluctuations in interest rates. Information concerning risks, uncertainties and other factors that could cause results to differ materially from the expectations described in this press release is contained in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on August 3, 2018, the “Risk Factors” section of which is incorporated into this press release by reference, and other documents filed with or furnished to the SEC. These forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by applicable law. The inclusion of Seagate’s website address in this press release is intended to be an inactive textual reference only and not an active hyperlink. The information contained in, or that can be accessed through, Seagate’s website and social media channels are not part of this press release. SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) September 28, 2018 June 29, 2018 (a) ASSETS Current assets: Cash and cash equivalents $ 1,942 $ 1,853 Accounts receivable, net 1,202 1,184 Inventories 1,116 1,053 Other current assets 263 220 Total current assets 4,523 4,310 Property, equipment and leasehold improvements, net 1,789 1,792 Investment in debt security 1,259 1,275 Goodwill 1,237 1,237 Other intangible assets, net 169 188 Deferred income taxes 416 417 Other assets, net 185 191 Total Assets $ 9,578 $ 9,410 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 1,776 $ 1,728 Accrued employee compensation 174 253 Accrued warranty 110 112 Current portion of long-term debt 499 499 Accrued expenses 616 598 Total current liabilities 3,175 3,190 Long-term accrued warranty 122 125 Long-term accrued income taxes 11 10 Other non-current liabilities 102 100 Long-term debt, less current portion 4,322 4,320 Total Liabilities 7,732 7,745 Total Equity 1,846 1,665 Total Liabilities and Equity $ 9,578 $ 9,410 (a) The information in this column was derived from the Company’s audited Consolidated Balance Sheet as of June 29, 2018. SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) (Unaudited) For the Three Months Ended September 28, 2018 September 29, 2017 Revenue $ 2,991 $ 2,632 Cost of revenue 2,078 1,896 Product development 266 263 Marketing and administrative 115 145 Amortization of intangibles 6 22 Restructuring and other, net 23 51 Total operating expenses 2,488 2,377 Income from operations 503 255 Interest income 24 7 Interest expense (58) (61) Other, net (1) (13) Other expense, net (35) (67) Income before income taxes 468 188 Provision for income taxes 18 7 Net income $ 450 $ 181 Net income per share: Basic $ 1.57 $ 0.62 Diluted 1.54 0.62 Number of shares used in per share calculations: Basic 287 290 Diluted 292 292 Cash dividends declared per ordinary share $ 0.63 $ 0.63 SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) For the Three Months Ended September 28, 2018 September 29, 2017 OPERATING ACTIVITIES Net income $ 450 $ 181 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 134 161 Share-based compensation 18 32 Deferred income taxes 2 (3) Other non-cash operating activities, net (18) 1 Changes in operating assets and liabilities: 0 Accounts receivable, net (9) (10) Inventories (66) (32) Accounts payable 119 (30) Accrued employee compensation (79) (87) Accrued expenses, income taxes and warranty 45 16 Other assets and liabilities (9) 8 Net cash provided by operating activities 587 237 INVESTING ACTIVITIES Acquisition of property, equipment and leasehold improvements (177) (124) Proceeds from sale of properties previously classified as held for sale 6 — Purchases of strategic investments (5) — Other investing activities, net — (8) Net cash used in investing activities (176) (132) FINANCING ACTIVITIES Dividends to shareholders (181) (184) Repurchases of ordinary shares (150) (166) Taxes paid related to net share settlement of equity awards (27) (20) Proceeds from issuance of ordinary shares under employee stock plans 32 29 Redemption and repurchase of debt — (22) Net cash used in financing activities (326) (363) Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash 3 4 Increase (decrease) in cash, cash equivalents and restricted cash 88 (254) Cash, cash equivalents and restricted cash at the beginning of the period 1,857 2,543 Cash, cash equivalents and restricted cash at the end of the period $ 1,945 $ 2,289 Use of non-GAAP financial information The Company uses non-GAAP measures of adjusted revenue, gross margin, operating expenses, net income and diluted earnings per share which are adjusted from results based on GAAP to exclude certain expenses, gains and losses. These non-GAAP financial measures may be provided to enhance the user’s overall understanding of the Company’s current financial performance and its prospects for the future. Specifically, the Company believes non-GAAP results provide useful information to both management and investors as these non-GAAP results exclude certain expenses, gains and losses that it believes are not indicative of its core operating results and because it is similar to the approach used in connection with the financial models and estimates published by financial analysts who follow the Company. These non-GAAP results are some of the measurements management uses to assess the Company’s performance, allocate resources and plan for future periods. Reported non-GAAP results should only be considered as supplemental to results prepared in accordance with GAAP, and not considered as a substitute for, or superior to, GAAP results. These non-GAAP measures may differ from the non-GAAP measures reported by other companies in its industry. SEAGATE TECHNOLOGY PLC RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES (In millions, except per share amounts and gross margin) (Unaudited) Three Months Ended September 28, 2018 June 29, 2018 September 29, 2017 GAAP Revenue $ 2,991 $ 2,835 $ 2,632 Adjustment to discontinued products 1 — — Non-GAAP Revenue $ 2,992 $ 2,835 $ 2,632 GAAP Gross Margin $ 913 $ 904 $ 736 Adjustment to discontinued products 1 — — Accelerated depreciation, impairment and other charges related to cost saving efforts — — 1 Amortization of acquired intangible assets 13 14 14 Other charges — — 11 Non-GAAP Gross Margin $ 927 $ 918 $ 762 GAAP Gross Margin 30.5 % 31.9 % 28.0 % Non-GAAP Gross Margin 31.0 % 32.4 % 29.0 % GAAP Operating Expenses $ 410 $ 399 $ 481 Accelerated depreciation, impairment and other charges related to cost saving efforts (1) — — Amortization of acquired intangible assets (4) (5) ) (21) Restructuring and other, net (23) 6 (51) Other charges — (1) ) (1) Non-GAAP Operating Expenses $ 382 $ 399 $ 408 GAAP Net Income $ 450 $ 461 $ 181 Adjustment to discontinued products 1 — — Accelerated depreciation, impairment and other charges related to cost saving efforts 1 — 1 Amortization of acquired intangible assets 17 19 35 Restructuring and other, net 23 (6) 51 Strategic investment losses, (gains) or impairment recognized 4 8 — Other charges — 1 11 Income tax adjustments — (8) — Non-GAAP Net Income $ 496 $ 475 $ 279 Shares used in diluted net income per share calculation 292 293 292 GAAP Diluted Net Income Per Share $ 1.54 $ 1.57 $ 0.62 Non-GAAP Diluted Net Income Per Share $ 1.70 $ 1.62 $ 0.96 The Company’s Non-GAAP measures are adjusted for the following items: Adjustment to discontinued products These adjustments relate to sales of certain discontinued products or changes in sales provision for discontinued products. These adjustments are inconsistent in amount and frequency and are excluded in the non-GAAP measures as these adjustments are not indicative of the underlying ongoing operating performance. Accelerated depreciation, impairment and other charges related to cost saving efforts These expenses are excluded in the non-GAAP measure due to its inconsistent in amount and frequency and are excluded to facilitate a more meaningful evaluation of the Company’s current operating performance and comparison to its past periods operating performance. Amortization of acquired intangible assets The Company records expense from amortization of intangible assets that were acquired in connection with its business combinations over their estimated useful lives. Such charges are inconsistent in size and are significantly impacted by the timing and magnitude of the Company’s acquisitions. Consequently, these expenses are excluded in the non-GAAP measures to facilitate a more meaningful evaluation of its current operating performance and comparison to its past periods operating performance. Other charges The other charges primarily include write-off of certain discontinued inventory and expense related to disposed business. These charges are inconsistent in amount and frequency and are excluded in the non-GAAP measures to facilitate a more meaningful evaluation of its current operating performance and comparison to its past periods operating performance. Restructuring and other, net Restructuring charges and other, net are costs associated with restructuring plans that are primarily related to costs associated with reduction in the Company’s workforce, exiting certain facilities and other related costs. These also exclude charges or gains from sale of properties classified as held-for-sale. These costs or benefits do not reflect the Company’s ongoing operating performance and consequently are excluded from the non-GAAP measures to facilitate a more meaningful evaluation of its current operating performance and comparison to its past periods operating performance. Strategic investment losses, (gains) or impairment recognized From time to time, the Company incurs losses or gains from strategic investment accounted under equity method of accounting or records impairments charges which are not considered as part of its ongoing operating performance. The resulting expense or gain is inconsistent in amount and frequency and consequently are excluded from the non-GAAP measures to facilitate a more meaningful evaluation of its current operating performance and comparison to its past periods operating performance. Income tax adjustments Provision for income taxes represents the tax effects of non-GAAP adjustments determined using a hybrid with and without method and effective tax rate for the applicable adjustment and jurisdiction. It also includes a provisional tax benefit for the re-measurement of the Company's U.S. deferred tax assets at the lower 21% tax rate resulting from the U.S. Tax Cuts and Jobs Act enacted on December 22, 2017. HIDDEN TREASURE IN THE PUBLIC GLARE 2018-10-31T01:42:13Z hidden-treasure-in-the-public-glare Media Release 29 October, 2018 HIDDEN TREASURE IN THE PUBLIC GLARE Earlier this year, a vendor with a keen eye purchased an elegant art cabinet reminiscent of the Aesthetic Movement at a small auction house in Melbourne for $1,200. He had no knowledge of its history and the auctioneer was none the wiser. But the vendor was prepared to punt on it, if for no other reason than it appealed to his artistic sensibilities. It was a decision he will never regret, with the cabinet achieving a hammer price of $185,000 at an auction held at Leski Auctions on Sunday. The vendor, who has asked not to be named, referred the work to Leski which has a 45-year history of selling the quirky and irreverent alongside the standard fare one normally associates with antiques, art, collectibles, and memorabilia. Fortunately, Harry Glenn and his team at Leski knew the designer Edward William Godwin very well, and even referred the vendor to a handful of pieces by the famed 19th century architect that are held by the NGV. “Leski knew a great deal but what they couldn’t immediately establish was where the level of interest lay among collectors,” the vendor said. Leski started with a pre-sale estimate of $20,000 and finally settled on $40,000 to $60,000 prior to auction once they saw how interest had grown. This was due in part to their decision to place the cabinet in the window of their premises in High Street, Armadale. Says Harry Glenn: “There are many savvy collectors in our neighbourhood and we saw this as an opportunity to pique their interest. This worked very well as we had people calling and dropping in, and adding to our knowledge of Godwin and William Watt, arguably the most important furniture manufacturer of the late 19th century. “Interest grew further once we energised our international networks and placed an advertisement in the esteemed English magazine, Antique Trade Gazette.” Edward William Godwin was a remarkable character whose love of theatre and Japanese minimalism scandalised his conservative peers. He had many friends in art, theatre and literature, among them Irish poet and playwright Oscar Wilde and American painter James McNeill Whistler. Although he died at the age of 53 in 1886, he left behind a significant body of work as an architect, theatre designer and furniture maker. His collaboration with some of the most highly-acclaimed furniture makers in England, like William Watt and Collinson & Lock, resulted in acquisitions by a number of major private and public galleries including the Victoria and Albert Museum in London and the Museum of Modern Art in New York. Little did Leski or the vendor realise just how significant the interest was. The auction on Sunday, October 28 produced a remarkable result with bidding in the room and on the phone. Ultimately, it came down to a phone bidder in New York pitted against a phone bidder from London. The latter was successful, buying the cabinet for $185,000 excluding commission. “What appealed to me about Leski is the extent to which they go to discover the back story. That’s been their way for as long as I’ve known them, and no-one could argue with the success of that approach. Pity there aren’t more gems like this waiting to be discovered.” About Leski Auctions Leski Auctions was established in 1973. Today, it is regarded as one of Australia’s leading auctioneers of Sporting Memorabilia, Australian Art & Antiques, Collectables and World Philately. Among the many significant collections that Leski Auctions has been privileged to sell are those of Shirley Strickland, Ron Clarke, Sir Reginald Ansett and former RSL President, Bruce Ruxton. It has sold more ‘baggy green’ caps than any other auction house in the world. Charles Leski is a registered valuer for the Department of Environment, Water, Heritage and the Arts’ Cultural Gifts Program. He is also the valuer of the displayed items at the National Sports Museum at the MCG, Melbourne. Harry Glenn, an industry veteran with more than 20 years experience, has been working with Charles since 2012. The company is located at 727-729 High Street Armadale, Victoria 3143 Australia. Tel+61 3 8539 6150 and www.leski.com.au Issued by: Harry Glenn, Leski Auctions Michael Krape, Michael Krape Consulting Tel: +61 (0) 425 790 735 Tel: +61 (0) 403 135 880 harry@leski.com.au michaelkrape@krape.com.au Invictus and Fashion in the mix for The Business of Events 2018-10-17T01:11:08Z invictus-and-fashion-in-the-mix-for-the-business-of-events Invictus Games, Mercedes-Benz Fashion Week Australia (MBFWA), and the Australian Grand Prix will share the secrets to their success at The Business of Events to be held in Sydney next year. Professional advice about the return on investment using demonstrated business solutions, will be shared by an impressive range of successful and experienced strategy and planning experts when they come together at this in augural event. Among the high calibre speakers will be Executive Director, IMG Fashion Asia Pacific, Natalie Xenita who will reveal the strategy and role MBFWA plays, fuelling the multi-billion-dollar fashion industry. “Fashion is a powerhouse industry that drives annual retail sales of over $9 billion and employs some 77,000 people in New South Wales alone. There is much to share from our approach and I look forward to presenting our story at The Business of Events,” Ms. Xenita said. “MBFWA’s successful growth strategy has helped boost commercial significance of the fashion industry, aiding both national and local economies, and extending audience reach beyond the event. What’s more, all stakeholders enjoy a strong return on investment.” Ms. Xenita said over 23 years, MBFWA has emerged as the preeminent fashion event in Asia-Pacific – but success didn’t happen overnight. “After heavy investment by IMG to elevate the overall experience, from sponsorship activations to designer selection and global audience engagement, I’m proud to share our model of success at The Business of Events.” Conference organiser Gary Daly, Managing Director, Exhibitions & Trade Fairs, said harnessing how Australia’s biggest and best events are successfully managed by the specialists who drive business growth, from planning through to execution, will be the cornerstone of The Business of Events. “Key solutions will be on offer from the experts who sit in the hot seats of Australian’s most recognised events,” Mr Daly said. “Global attention from the business world will be on Sydney, as the Invictus Games kick off this week. This is the result of a significant amount of high-level business planning and execution. The Business of Events, will be where the Invictus Games CEO, Patrick Kidd, can share his learnings from the success of the games from a global and local perspective.” The inaugural conference, The Business of Events, will take place in Sydney on 7-8 February 2019, will host in-depth discussions around the theme, Powering Growth, exploring how to identify new business, increasing the bottom line, the future of major events and how to ensure business growth. Keynotes, plenaries and flexible break-out sessions will allow delegates to create a bespoke conference experience to maximise their investment. Speakers, strategically invited from key sectors, will provide diverse, forward-thinking insights in a unique two-day program. Alongside international keynote, Laura Schwartz, former White House Director of Events, high-calibre confirmed speakers include: Natalie Xenita, Executive Director, IMG Fashion Asia Pacific Patrick Kidd, CEO Invictus Games, Sydney 2018 Penny Lion, Executive General Manager of Events, Tourism Australia Andrew Westacott, CEO, Australian Grand Prix Terese Casu, CEO, Sydney Gay and Lesbian Mardi Gras Helen Sawczak, National CEO, Australia China Business Council Damien Hodgkinson, Executive Director, Melbourne Comedy Festival Senior event professionals will have unparalleled access to industry leaders from which to learn about event safety and architecture, sales growth, governance, future business and professional development. Conference organiser, Gary Daly, Managing Director, Exhibitions & Trade Fairs, said speakers will share some insightful key learnings including the market potential for Australia and opportunities for Australian businesses, what we can learn from our international counterparts. He said the optimum learning platforms will offer participants invaluable opportunities to upskill and power growth. “These speakers contribute to the Australian economy through major events and operate in international markets with different policies and jurisdictions, so they know what issues you can face in the international marketplace,” Mr Daly said. The Business of Events will share how to take advantage of Australia’s position within the global marketplace, how to capitalise on an aggressive event strategy and how to power growth.” To purchase tickets, visit www.thebusinessofevents.com.au. The Business of Events will be held at Sheraton on the Park, Sydney, on 7-8 February 2019. Images: 1. Natalie Xenita, Executive Director, IMG Fashion Asia Pacific About Exhibitions and Trade Fairs Exhibitions and Trade Fairs (ETF) is a full-service event organiser with over 35 years’ experience across a diverse range of industries including renewable energy, automotive, business events, construction, oil and gas, entertainment technology, irrigation, manufacturing, travel and lifestyle. They have a long history of working collaboratively with organisations to produce innovative conferences and exhibitions to support their business objectives. They have become a trusted provider in their ability to contribute to organisations and the value of their events. They have offices in Sydney and Melbourne, however their teams are on the ground wherever the event is being planned, sold, marketed and delivered. They deliver conferences around the world. ETF’s motto is Experience, Expertise, Enthusiasm which reflects their approach to managing events and developing the relationships which underpin them. -ENDS- SAVING OUR INDIGENOUS HERITAGE ONE PIECE AT A TIME 2018-09-12T00:56:46Z saving-our-indigenous-heritage-one-piece-at-a-time Leski Auctions Media Release 12 September, 2018 SAVING OUR INDIGENOUS HERITAGE ONE PIECE AT A TIME Daryl Blythman was a precocious kid who saw treasure where others saw trash. As a young boy in the late 1950s and living on a family farm in regional Australia, he was surrounded by Aboriginal stone artefacts and axes that dated back to the Indigenous history of the area. Locals, older but hardly wiser, dismissed these historical relics as having no intrinsic value, be it cultural or financial. Daryl thought otherwise. “My father fuelled my interest in Aboriginal history, because he understood that the artefacts we found were part of Australia’s unique heritage,” Daryl said. “His hobby became my obsession when I understood that every piece we found was part of our story as a nation, and the more we collected the closer we came to understanding what that story revealed to us.” In his 30s, Daryl began to actively collect as much Indigenous art as he could to preserve it for future generations. It took him from local second-hand shops to auctions of tribal memorabilia in Australia and eventually to auctions and private sales in London, New York and New Zealand. “The Blythman Collection is a remarkable testament to the vibrancy of a living community that predates European migration to Australia by thousands of years,” says Harry Glenn, an auctioneer and valuer with Leski Auctions. “The preservation of Indigenous art and culture is extremely important to any community that values its history. It’s a privilege for us to offer Daryl’s remarkable collection.” Lot 47 (late c19th Rainforest Shield from Far Nth Qld has a pre-sale estimate of $10,000 - $15,000. (NB: Image available at https://www.leski.com.au/images/lot/3568/356896_2.jpg?1535426881) The lot will be sold by Leski Auctions (www.leski.com.au) on Sunday, 23 September from 2.00pm. About Leski Auctions Leski Auctions was established in 1973. Today, it is regarded as one of Australia’s leading auctioneers of Sporting Memorabilia, Australian Art & Antiques, Collectibles and World Philately. Among the many significant collections that Leski Auctions has been privileged to sell are those of Shirley Strickland, Ron Clarke, Sir Reginald Ansett and former RSL President, Bruce Ruxton. It has sold more ‘baggy green’ caps than any other auction house in the world. Charles Leski is a registered valuer for the Department of Environment, Water, Heritage and the Arts’ Cultural Gifts Program. He is also the valuer of the displayed items at the National Sports Museum at the MCG, Melbourne. Harry Glenn, an industry veteran with more than 20 years experience, has been working with Charles since 2012. The company is located at 727-729 High Street Armadale, Victoria 3143 Australia. Tel +61 3 8539 6150 and www.leski.com.au Issued by: Harry Glenn, Leski Auctions Michael Krape, Michael Krape Consulting Tel: +61 (0) 425 790 735 Tel: +61 (0) 403 135 880 harry@leski.com.au michaelkrape@krape.com.au SpinCar® Named Exclusive Provider for S21Media to Resell Interactive Merchandising Tool in Australia 2018-08-16T00:41:38Z spincar-r-named-exclusive-provider-for-s21media-to-resell-interactive-merchandising-tool-in-australia "Given the incredibly rapid adoption of our solutions in the Americas and Europe, we are very excited to bring our products to the Australian auto market in concert with S21 Media,” NEW YORK, NEW YORK, UNITED STATES, August 7, 2018 /EINPresswire.com/ -- New York, August 7, 2018 – SpinCar®, the global leader in automotive merchandising tools, announced today an exclusive partnership with S21Media, a preeminent Australian digital marketing agency. S21Media has secured the rights to be an exclusive reseller of SpinCar’s comprehensive vehicle merchandising platform in Australia, which includes their Mobile Capture Application, 360 WalkArounds, and Lead Intelligence Reporting. SpinCar’s state-of-the-art merchandising solution leverages proprietary technology to build trust with consumers shopping on a dealer, OEM, or third-party website. The platform automatically converts vehicle photographs into highly-interactive, virtual reality enabled 360° displays with tagged, touchable hotspots. These customizable hotspots can be used to indicate features or faults of a vehicle and gain unprecedented insights about consumer behavior. The 360° interior and exterior views can easily be published on any website in under ten minutes and customers can even dive inside the vehicle if they have a virtual reality headset (Gear VR, Google Cardboard, or other). “Given the incredibly rapid adoption of our solutions in the Americas and Europe, we are very excited to bring our products to the Australian auto market in concert with S21 Media,” said Devin Daly, CEO of SpinCar. “Their unmatched reputation and reach along with our proprietary technology will make for a phenomenal partnership.” SpinCar’s Mobile Capture Application increases photographer efficiency by two-to-three times while guaranteeing photographic consistency and promoting higher inventory coverage ratios. SpinCar’s 360° WalkAround display is proven to increase website dwell times and conversion rates by providing a more interactive experience. In addition, SpinCar’s Lead Intelligence Reporting includes a set of proprietary reports that help dealerships understand the drivers of their business like never before. By monitoring engagement with hotspot features, SpinCar helps dealers understand consumer behavior which then drives more efficient, customized sales and marketing strategies. SpinCar’s reporting provides unprecedented consumer insights that foster customer-tailored sales conversations and marketing. “I believe SpinCar is the next big thing in dealer-to-consumer marketing and am predicting a huge take-up by Aussie dealers,” said Patrick Tessier, head of S21Media, on the partnership with SpinCar. SpinCar and S21Media will team up at the Australian Automotive Dealer Association convention in September. As a platinum sponsor, SpinCar will be hosting the first ever AADA SpinCar Golf Cup at The Glades as well as the AADA SpinCar Deep Sea Fishing Adventure as part of the convention. About S21 Media Australia: S21Media is one of Australia’s leading digital marketing agencies specializing in automotive dealer advertising, promotion, and merchandising. The agency is headed by Patrick Tessier, a 40-year industry veteran and thought leader who is renowned in Australia and internationally for his unique dealer insights, marketing acumen and passion for the retail motor business. In addition, Patrick is the global ambassador for the AADA National Dealer Convention and the publisher of the bi-monthly Automotive Dealer, a print and digital magazine focused on the latest dealer news and views. He is supported by a team of design and sales professionals dedicated to providing dealers with a range of cutting-edge digital solutions. About SpinCar: SpinCar, based in New York City, is a comprehensive vehicle merchandising platform used by auto dealers in the U.S. and abroad, including several OEMs. SpinCar's Mobile Capture Application increases photographer efficiency by 2-3X while guaranteeing photographic consistency and promoting higher inventory coverage. The SpinCar 360° WalkAround web display is proven to increase website dwell times and a guaranteed 10% increase in leads by providing a more interactive consumer experience. For more information about SpinCar’s vehicle merchandising capabilities try a free demo today or visit SpinCar.com. Businesses Are Investing in Technology to Improve Customer Experience, but Many Are Still Falling Short of Giving Customers What They Want 2018-06-06T22:06:57Z businesses-are-investing-in-technology-to-improve-customer-experience-but-many-are-still-falling-short-of-giving-customers-what-they-want Nearly two-thirds (60%) of respondents in Australia say more work is needed by companies to improve their online experience Customer experience (CX) ratings vary by vertical with hospitality leading the way globally More than half of all respondents think machine-to-people interactions will improve CX Australian consumers still believe they will have the better customer experience in a physical location than an online store A new Mitel® (Nasdaq:MITL) (TSX:MNW) survey of 5,000 adults from Australia, the United States, UK, France and Germany indicates a measurable disconnect between the advancements organisations think they are making to deliver exceptional customer experience and how customers actually view their commercial interactions. Specifically, less than half of respondents believe the technology needed to deliver the perfect online buying experience is available. This stands in stark contrast to findings of a previous Mitel survey in which 90 percent of IT decision-makers optimistically reported progress in improving customer experience through the use of technology. While a clear sign of the growing pains associated with digital transformation initiatives underway globally, the new survey also uncovers an opportunity for technology to play a key role in defining and keeping pace with changing buyer behaviour and preferences. In fact, over half of those surveyed believe machine-to-people interactions will positively transform the customer experience (51% in Australia). Vertical Visionaries, Leaders and Followers As customer experience becomes increasingly critical for businesses to remain relevant and compete, Mitel’s survey shows differences in customer satisfaction across vertical industries. Growing use of cloud communications and applications, combined with emerging technologies like the Internet of Things (IoT), artificial intelligence, chatbots, and natural language processing (NLP), are creating new ways for companies to nurture and build customer relationships. Winning companies will be those that are able to differentiate their brands by delivering seamless experiences across physical and digital environments, devices and channels. Currently, some segments are doing better than others. Hospitality leads the charge: Hospitality management knows the first stop on the itinerary for today’s travellers are online review sites. Before booking a trip, consumers want to hear what others have to say. In fact, it’s a near-universal activity. Given the impact reviews can have on average daily room rates, it’s no surprise this industry takes customer satisfaction seriously, receiving top marks among those surveyed. Australians also responded with high satisfaction rates (41%) with regards to their online experience with hospitality providers. Physical retail isn’t dead, but the customer experience is: More than 60 percent of shopping done by respondents still takes place in a physical store, though that number is shifting. When asked about the challenges faced by today’s brick-and-mortar retail outlets, three out of five respondents say the fact retail stores are struggling has more to do with the customer experience they provide, not products. While Australians are currently shopping in physical stores at much higher levels (74%) they agree with their global counterparts that customer service just doesn’t exist anymore. A seamless omnichannel approach is critical for this market, where more than one-third (36%) of Australian respondents note they make purchasing decisions based on the experiences brands provide versus the products and services offered. Chatbots can be used to manage simple tasks, while IoT and team collaboration tools open up new avenues for communications across media, whether it’s voice, email, SMS, web chat, social media or a website. Speed is the game in sports and entertainment: In the fast-paced world of sports and entertainment, immediate and clear communication is a necessity. Forty-nine percent of Australian respondents point to simplicity and speed as the most important factor in a good customer service experience, slightly higher than the global average (45%). Availability vital in healthcare: Healthcare organisations receive the lowest marks from respondents in all countries when it comes to customer service. Australian respondents, in particular, say availability and 24/7 service (40%) is the most important feature they look for from healthcare services, followed by simplicity and speed (36%). Additional insights from the data indicate: Bots, AI and machines can fill the customer service gap: Consumers appear to be increasingly comfortable with machine-to-people interactions when shopping online, with over 78 percent of Australian respondents saying they are satisfied dealing with automated processes. Most do not want to interact with a person while shopping online unless the service is very complicated, or they are having trouble finding the product or service they need. Half of Australian consumers and over 60 percent of U.S. respondents say if they could shop without speaking to a person, it would be a good thing. Even so, physical retailers need to balance the use of technology. Consumers do expect people to efficiently help them when shopping in a physical storefront. Mobile reigns supreme in the United States; Australia favours in-store: Of all respondents, U.S. and Australian consumers shop most frequently during a typical week. There are also notable differences by country regarding how and where consumers shop. U.S. respondents reach for their smartphone and use apps; Britons like shopping online via their tablets; French shoppers most often use their laptops; Germans are more likely to use a desktop computer; and Australians prefer a physical store location (74%). In Australia, brands can’t be complacent about improving their online presence. While more Australians still prefer buying goods and services in physical stores, more than two in five (42%) say they want to shop even more online, and just one in ten Australians (9%) say they don’t like shopping online at all. Seven in ten Australians (71%) say overall, shopping online is more convenient than shopping in a store. To meet this growing demand for online services, and the change taking place in consumer behaviours and expectations, brands need to consider a greater level of consistency across both the online and physical experience for their customers. Mitel’s study is the latest in its Business Insights Survey Series, which builds on previous research from August 2017 where more than 75 percent of IT decision-makers said they planned to tie together devices, emerging technologies, and communications and collaboration capabilities within two years to enable machine-to-people interactions to improve customer experience. This body of work expands on the concept established by Mitel in 2016 of “Giving Machines a Voice” to enable IoT and other machine triggers to launch real-time communications workflows that can improve how companies work and collaborate. Exploring a different angle, this survey examines how consumers view customer experience in shopping for goods and services across market segments, including retail, hospitality, sports and entertainment, health care, financial services and utilities. For more results and a closer look at regional or country-specific data, download the white paper. Quotes “As physical and digital worlds begin to seamlessly intersect, how effectively a company serves its customers across both domains determines tomorrow’s winners and losers,” said Jon Brinton, Senior Vice President of Customer Experience Solutions at Mitel. “By supplementing existing applications and investments with new technologies such as AI, team collaboration and IoT, companies can better communicate and collaborate internally and externally and begin to proactively deliver the level of customer experience buyers expect.” “The data shows no matter where you are in the world, customer experience matters—bottom line,” said survey administrator Regina Corso of Regina Corso Consulting. “In order to truly connect with customers on their own terms, organisations must look for new ways to balance technology investments with personalised customer service. Those that are able to navigate this balance will go on to build strong brand loyalty with their customers, helping them succeed in today’s highly competitive purchasing environment.” Additional Facts Mitel has been recognised as a Leader in the Gartner Magic Quadrant for Unified Communications for four consecutive years. Synergy Research Group has confirmed Mitel’s position as the #2 unified communications as a service (UCaaS) vendor worldwide. Mitel hosted cloud solutions are trusted by more than one million global subscribers. Related Materials Download the “Giving Machines a Voice” white paper Download the "Customer Experience for Dummies" e-book. Read the guide on "5 Steps to Increase Revenue Through Customer Experience." Download the "Digital Transformation for Dummies" e-book. About Mitel A global market leader in business communications powering more than two billion business connections, Mitel (Nasdaq:MITL) (TSX:MNW) helps businesses and service providers connect, collaborate and provide innovative services to their customers. Our innovation and communications experts serve more than 70 million business users in more than 100 countries. For more information, go to www.mitel.com/en-au and follow us on Twitter @Mitel_AU. Contact Information PR agency contact Martin Aungle Explore Communications +61 (0)415 917 381 maungle@explorecomms.com.au Media – EMEA & APAC Sandrine Quinton +33 (0)130-964-301 sandrine.quinton@mitel.com Ocean Guardian creators of Shark Shield lodge supplementary prospectus 2018-05-28T23:06:16Z ocean-guardian-creators-of-shark-shield-lodge-supplementary-prospectus Ocean Guardian creators of Shark Shield lodge supplementary prospectus Media Release - 29 May 2018 Ocean Guardian Holdings Limited today lodged a supplementary prospectus updating the market on significant Q3 revenue growth of 78%, new research commissioned by NSW Department of Planning and Industry (DPI), an announcement by the WA State Government adding the company’s FREEDOM+ Surf to the Shark Deterrent Rebate Program, and the launch date of the new boat, beach and hand-held range of products. Increase in Revenue Growth for Q3 FY18 of 78% FREEDOM+ Surf added to WA State Government Rebate Program New Independent Scientific Research on the effectiveness of the FREEDOM+ Surf Long Range Boat & Beach Product Concept Completed, Launch Date Nov 2018 Hand Held Consumer Product Concept Completed, Launch Date Nov 2018 Flinders University released independent testing results showing that Ocean Guardian’s FREEDOM+ Surf was the only shark deterrent tested which was an effective deterrent against great white sharks for surfers. As a result of this research, the FREEDOM+ Surf was added to the Western Australian Government Shark Deterrent Rebate program where consumers receive a $200 rebate. The company has completed final design concepts for the worlds first long-range boat and beach shark deterrent products with a starting target price of ~$2,500. These new designs (LR10, FP15, LR10S) allow for a target of approximately 10% of RRP as an annual service maintenance charge for maintaining safety equipment, in the same revenue model associated with annually certifying fire extinguishers and life rafts. Features include an innovative solar powered accessory for unattended 24/7 protection for segment such as surf lifesaving, private jetties, canals, fish farms, etc. Lindsay Lyon, Ocean Guardian CEO says, “The company’s funding plan after listing on the ASX is to launch these new boat, beach and handheld products simultaneously at the Marine Equipment Trade Show (METS) and The Diving Equipment & Marketing Association (DEMA). METS in 2018 is to be held in November in Amsterdam and is the world’s biggest business to business leisure marine equipment show, and DEMA in 2018 is held in November in Las Vegas and is considered the world’s largest dive equipment show. These shows provide exceptional global launch platforms”. The IPO launched on the 26th April 2018, Ocean Guardian are seeking to raise up to $5,000,000 (before costs) issuing 25,000,000 new Shares at an Offer Price of $0.20 per Share (Offer), with an oversubscription to raise up to a total of $6,000,000. Watch the interview with CEO Lindsay Lyon on Proactive Investors here which provides a detailed overview of the IPO and business strategy. Click here to download a copy of the prospectus. The prospectus for the Offer is currently available and can be obtained by visiting Ocean Guardian’s website, www.ocean-guardian.com or contacting 1 800 132 009. The Offer was open on the 10 May 2018 and expected to close on 7 June 2018, with expected date of quotation of Shares on the ASX 28 June 2018. The Offer will be made in Ocean Guardian’s prospectus. Any person deciding whether to participate in the Offer should consider the prospectus. Any person who wants to acquire Shares under the Offer will need to complete the application form contained in the prospectus. Any applications made during the exposure period will be processed by Ocean Guardian once the exposure period has expired. Key Dates Prospectus Date – Lodgement of Prospectus with ASIC 26 April 2018 Opening Date for Applications (9:00am AEST) 10 May 2018 Supplementary prospectus lodgement 28 May 2018 Closing Date for Applications (5:00 PM AEST) 7 June 2018 Issue and allotment of Shares 14 June 2018 Expected despatch of CHESS statements 21 June 2018 Expected date of quotation of Shares on the ASX 28 June 2018 ASX Code OCG NOTE: This timetable is indicative only. Unless otherwise indicated, all times are in AEDT. Ocean Guardian, in conjunction with the Lead Manager, Emerald Capital Australia Pty Ltd, reserves the right to vary the dates and times of the Offer, including to close the Offer early or to accept late applications, either generally or in particular cases without notification. Investors are encouraged to submit their applications as soon as possible. About Ocean Guardian In 2018, the Shark Shield company became Ocean Guardian®. The change of name reflects our bigger ambition – to make you safe whatever you enjoy doing in the Ocean – while also protecting the planet we call home. Ocean Guardian, powered by Shark Shield Technology, is the world’s only scientifically proven electrical shark deterrent. Nothing is more effective. Sharks have short-range electrical receptors in their snouts used for finding food, Ocean Guardian’s government approved, and patented technology creates a powerful three-dimensional electrical field which causes unbearable spasms in these sensitive receptors turning sharks away, including Great Whites. Ocean Guardian has worked tirelessly over 20-years in partnership with the world’s leading experts in sharks, including the KwaZulu-Natal Sharks Board in South Africa and independent universities, resulting in peer reviewed science journals confirming the technologies effectiveness in deterring sharks. Ocean Guardian safety products are trusted by surfers, divers, and ocean lovers around the world and are recommended safety equipment in professional industries such navies and abalone diving. With no known permanent harm to sharks, the products directly support the conservation of sharks and other marine life by removing the need for shark nets and culling, ensuring the ocean can be shared – safely and in harmony with nature. They are the ultimate ocean guardian. www.ocean-guardian.com For further information or to request an interview with Lindsay Lyon, CEO of Ocean Guardian, please contact 360 PR: Rachel – 02 9571 4448 or rachel@360pr.com.au Pride and Prejudice Summit 2018: Translating good intentions into meaningful global actions for LGBT Rights 2018-05-23T00:30:54Z pride-and-prejudice-summit-2018-translating-good-intentions-into-meaningful-global-actions-for-lgbt-rights NEW YORK, May 1, 2018 -- On May 24, 2018, The Economist Events will host its third annual Pride and Prejudice Summit, a 24-hour event hosted by The Economist Events across three cities – Hong Kong, London and New York. This year’s summit will continue to challenge and push forward the global conversation around lesbian, gay, bisexual and transgender (LGBT) diversity and inclusion, with a focus on evaluating how advocacy can translate these discussions into meaningful action to improve the legal rights and societal treatment of LGBT people worldwide. Chaired by The Economist editors, Pride and Prejudice 2018 will include a panel of speakers comprising of chief executives, politicians and activists, such as: New York ● William Barber, pastor, Greenleaf Christian Church ● Cecilia Chung, senior director of strategic projects, Transgender Law Center ● Robin Diamonte, chief investment officer, United Technologies ● Ana Helena Chacón Echeverría, vice-president, Costa Rica ● Brian Krzanich, chief executive, Intel Corporation ● Daniel Lee, president, Levi Strauss Foundation ● Jessica Matthews, founder and chief executive, Uncharted Power ● Tony Prophet, chief equality officer, Salesforce ● Kenji Yoshino, chief justice earl warren professor of constitutional law, New York University School of Law London ● Vittorio Colao, chief executive officer, Vodafone Group ● Alison Brittain, chief executive, Whitbread ● Matt Brittin, president, EMEA business and operations, Google ● Sir Roger Carr, chairman, BAE Systems ● Sir Nick Clegg, former deputy prime minister, United Kingdom ● Bruce Daisley, vice-president, EMEA, Twitter ● Moya Greene, chief executive, Royal Mail ● Tamara Ingram, worldwide chief executive, J. Walter Thompson ​Hong Kong ● Raymond Chan, member, Legislative Council, Hong Kong Special Administrative Region ● Maureen DeROOIJ, chief executive, Asia-Pacific, ABN AMRO Bank ● Sean Fitzgerald, co-president, Federation of Gay Games ● Tadashi Fujita, executive vice-president, Japan Airlines ● Shane Hodges, vice-president, Asia-Pacific, American Airlines ● Tomoya Hosoda, councillor of Iruma, Japan ● Tomoko Nakagawa, mayor of Takarazuka, Japan ● Nareeluc Pairchaiyapoom, director, international human rights division, department of rights and liberties protection, Ministry of Justice, Thailand ● Raghu Raman, group president, Reliance Industries ● Geraldine Roman, congresswoman, House of Representatives of the Philippines ● Marina Walter, country director, India, United Nations Development Programme ● Wei Xiaogang, co-chair, Beijing Queer Film Festival Over the past several months, The Economist Intelligence Unit has conducted a global survey of executives to examine current attitudes towards advocacy and the perceived effectiveness of corporate advocacy initiatives, and to assess how advocacy correlates with corporate strength. The findings will be presented at each summit and will contribute to the discussions in each location. Pride and Prejudice is sponsored by AlixPartners, Morgan Stanley, T. Rowe Price, William Blair, Goldman Sachs, ABN AMRO Bank N.V., American Airlines, Biogen, Nomura, Ogilvy & Mather, Heidrick & Struggles, Manulife Financial Corporation and the United Nations Development Programme. Porter Novelli and Kreab are the public relations partners. For more information on the full program and speakers, visit the event website. MEDIA CONTACT: Ravi Sunnak Porter Novelli ravi.sunnak@porternovelli.com +1 212 601 8173 Lauren Hackett The Economist laurenhackett@economist.com +1 212-554-0639 About The Economist Events The Economist Events brings the rigour of informed analysis and intelligent debate that The Economist is known for to life on stage in international forums. They host over 80 events annually in over 30 countries on topics that convene world-class thought leaders on a range of strategic business issues. Follow @EconomistEvents on Twitter and check #EconPride for event updates ​ First-ever Commercial Regtech Sandbox Facility Opened in Australia by ID Exchange and digi.me 2018-05-06T21:30:00Z first-ever-commercial-regtech-sandbox-facility-opened-in-australia-by-id-exchange-and-digi-me Australian startup ID Exchange and UK-based firm digi.me have partnered to establish an Innovation Campus at Glenwood in the Norwest region of Sydney. The ID Exchange Innovation Campus (‘IDX’) is designed to stimulate digital innovation and economic growth, primarily focused on application development in the fintech and regtech sectors, as well as being open to secondary and tertiary STEM (science, technology, engineering and mathematics) students from nearby schools and universities. IDX is believed to be the first commercial regtech sandbox facility established in Australia. Situated in a high-growth precinct of western Sydney, the site will attract app developers building on the digi.me platform in key government, eHealth, finance, retail and social sectors. Developers and early-stage entrepreneurs will also have the opportunity to leverage ID Exchange’s unified Opt In and Opt Out consumer access intellectual property. The first phase of the Campus has 22 hot desks, and other collaboration facilities including a meeting room, boardroom, communal lounge and kitchen. IDX is based in the heritage-listed Glenwood House and was officially opened this morning by the NSW Minister for Innovation Matt Kean. “I’m thrilled to see the continued growth of innovation hubs in NSW. It’s incredibly important that we unlock more and more opportunities for startups to get a foothold in the marketplace,” Mr Kean said. “These innovative companies are carving out the next generation of jobs and businesses for our country, particularly around data management, which is transforming the 21st century economy.” As part of the launch, ID Exchange is announcing a “Stay & Play” competition for 12 app developers to win a seat at the campus for one month, giving them free Internet access, masterclasses, technical support and pitch day prizes. (See http://idexchange.me/stayandplay for more information.) Joanne Cooper, Founder and Managing Director of ID Exchange, said: “Our Innovation Campus is an excellent example of fostering UK and Australian collaboration by providing a facility to enable the pursuit of technical excellence via software and application experimentation. It’s our everyday hackathon site where we can help to kickstart developers and invite commercial, government and educational institutions to collaborate on app concepts with the pure aim to get things done.” “This partnership will immediately advance the development of secure, ethical, compliant and society-focused open data solutions as called for by the Australia Productivity Commission's report on Data Availability and Use, as well as the Treasury's views on consumer centric approaches being currently tabled via the Review into Open Banking,” Cooper continued. IDX has been warmly welcomed by Stone & Chalk, Australia’s leading fintech hub which has been instrumental in assisting startups like ID Exchange to commercialise and scale. “An Innovation Campus like this one established by ID Exchange and digi.me is an exciting step forward in helping Australia lead the world in the development of consumer consent based products and services. We look forward to seeing the early seeds of innovation which we hope will lead to new high growth startups in this emerging space,” said Alex Scandurra, CEO, Stone & Chalk. The launch also saw ID Exchange and digi.me showcase their current Australian partners, including; Bainbridge Associates, HCCU, Recordkeeping Innovation, Mafematica, Mainframe Cloud, SISS Data Services, Vault Systems and Verifier. “Together with ID Exchange, we’ve developed a great ecosystem of partners to advance the cause of data privacy, control and consent in Australia, and our new Innovation Campus will see an acceleration of innovation in this space in the coming months and years,” said Julian Ranger, digi.me Founder and Executive Chairman, who also attended the launch today. By accessing the facility, the Innovation Campus will encourage Australian universities and educators to unite with enterprise to springboard digital transformation across a range of sectors. This was demonstrated with a class session held for eight Year 11 and 12 STEM students from the neighbouring Glenwood High School by Dr Julia Prior of the University of Technology Sydney's Software Development Studio, to showcase the curriculum and opportunities available to work with the commercial sector. “The Faculty of Engineering and IT at the University of Technology collaborates with ID Exchange through both its Software Development Studio and its Women in Engineering and IT program. By inviting secondary and tertiary students to meet developers and early-stage entrepreneurs at campuses like these, there is hope that the next generation of innovators will be inspired to study engineering and IT. The Women in Engineering and IT program aims to secure a pipeline of female talent that will boost innovation in these sectors,” said Dr Arti Agrawal, Associate Professor and Director, Women in Engineering and IT, Faculty of Engineering and IT, University of Technology Sydney. IDX’s second phase extension will accommodate a further 18 hot desks, which is anticipated to open later this year. The Innovation Campus is situated at Glenwood House, 174 Glenwood Park Drive, Glenwood, NSW 2768. For more information on IDX, please contact: ID Exchange Telephone: 1300 002 678 www.idexchange.me Joanne Cooper, Managing Director E: jo@idexchange.me – ENDS – -- About Digi.me Digi.me is a personal data exchange platform that allows consumers to gather together information currently scattered around the web and share it on their terms under the company’s bespoke Consent Access process. Digi.me is working with world-leading businesses in the health, finance, FMCG and telco sectors on projects unlocking the benefits of private consented data sharing for both consumers and organisations. www.digi.me About ID Exchange ID Exchange is digi.me’s Australia and New Zealand partner who are in development of social privacy innovation via unified Opt In® and Opt Out® consent App’s designed as an intermediated compliance service for consumers and business. The ID Exchange solution will assist consumers to construct a centralised view of their data access permissions or de-identification notices through consent receipts, whilst educating users on data protection and privacy rights in accordance with legislation. www.idexchange.me For UK interview requests, please contact digi.me Communications Editor Emma Firth on emma@digi.me or + 44 7812 608577. Media Contact: Martin Aungle Explore Communications Tel: +61 2 4872 4981 Mob: +61 415 917 381 Email: maungle@explorecomms.com.au New report: Australians invested in corporate bonds could double in the next 12 months 2018-05-02T20:30:00Z new-report-australians-invested-in-corporate-bonds-could-double-in-the-next-12-months 16 per cent of High Net Worth Investors (HNWIs) are invested in corporate bonds Number of HNWIs invested in corporate bonds could nearly double in 12 months 70 per cent of HNWIs not invested in corporate bonds are missing out due to lack of awareness of the asset class 3 May, 2018: Momentum in the Australian corporate bond market could see the number of High Net Worth Investors (HNWIs) holding bonds almost double in the next 12 months, a Deloitte Access Economics Report has found. The Corporate Bond Report 2018: Australia’s growing appetite for corporate bonds, commissioned by FIIG Securities, found that 16 per cent of Australian High Net Worth Individuals (HNWIs) are invested in direct corporate bonds, with 37 per cent of direct corporate bond holders expecting to re-invest and 15 per cent of non-investors planning on investing for the first time in the next year. Deloitte Access Economics surveyed more than 700 HNWIs with over $2 million in investable assets for the study, finding that the ground swell of engagement in the corporate bond market was being driven by a number of factors for investors including good returns given risk profiles (72%), capital preservation (54%), and a reliable income stream (73%). The report also found that 40 per cent of those surveyed cited concerns about future changes to Australia Government taxation and superannuation policies. The lower political risk posed by corporate bonds could therefore support future investment in this asset class. FIIG Securities Managing Director, Jim Stening, said FIIG commissioned the Deloitte Access Economics report to shine a spotlight on how the corporate bond market performed and the potential it offered to Australia investors. “The report highlights that an increasing amount of investors are realising the opportunity that corporate bonds present. Providing strong returns, a reliable income and historically outperforming shares during economic downturns; investors are beginning to tap into corporate bonds as a vital part of a well-balanced, diversified portfolio.” The report outlines that the average gross return of corporate bonds was 6.1% in the 10 years to 2016, outperforming ASX (4.3%) and global share markets (5.5%). However, in comparison to other OECD countries, Australian investor uptake of corporate bonds was playing catch up: private investors in Australia hold less than 1% of all corporate bonds on issue in Australia compared to almost 20% in the United States. Of those HNWIs who did not own corporate bonds, 70 per cent said they didn’t have sufficient understanding of the asset class to invest. This group was more likely to have a higher percentage of their portfolio allocated to property and cash investments, reducing the diversification benefits achieved by their portfolio. “While the size of Australia’s corporate bond market has grown rapidly during the past 10 years, it still remains significantly smaller than that of other developed economies and direct market participation by Australian investors is relatively low compared to other countries. “However, the findings show that Australian investors are beginning to catch up with our global counterparts when it comes to realising the benefits of corporate bonds and a genuinely balanced portfolio,” Stening said. Deloitte Access Economics found that the outlook for corporate bond investment in Australia is positive. According to report author and Deloitte Access Economics Partner John O’Mahony, “Our research finds that the share of HNWIs with corporate bond investments is expected to grow from 16 per cent to 29 per cent in the next 12 months. Investors highlighted the low yield environment for cash investments as their number one concern, and an increasing awareness of corporate bonds as an alternative fixed income investment option will support growth in private investor demand.” Mr Stening added, “Among those who are switched on to corporate bonds, we’re seeing a growing appetite for more with 86 per cent having a positive investment experience. This increasing market interest in corporate bonds indicates a tipping point in Australia’s understanding of diversification and fixed income, but there is a still a significant segment of the investor community that is playing catch up.” FIIG Securities is working to educate the market on the important role that corporate bonds play for Australian investors. To receive a full copy of the report, please email marketing@fiig.com.au. -ends- For enquiries and further information contact: Alexis Carroll or Kimberly Riddell 02 8014 5033 FIIG@decpr.com.au About FIIG FIIG Securities Limited, which is licensed by the Australian Securities & Investments Commission (ASIC), is Australia’s largest specialist fixed-income house. FIIG has more than $10 billion in assets under advice in its short-term money market, bonds and custody business. The company has Offices in Sydney, Melbourne, Brisbane Perth and Malta. For more information about FIIG Securities please visit www.fiig.com.au Seagate Technology Reports Fiscal Third Quarter 2018 Financial Results 2018-05-02T03:42:31Z seagate-technology-reports-fiscal-third-quarter-2018-financial-results CUPERTINO, CA – May 1, 2018 – Seagate Technology plc (NASDAQ: STX) (the “Company” or “Seagate”) today reported financial results for the quarter ended March 30, 2018. For the third quarter, the Company reported revenue of $2.8 billion, gross margin of 30.2%, net income of $381 million and diluted earnings per share of $1.31. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported gross margin of 30.8%, net income of $424 million and diluted earnings per share of $1.46. During the third quarter, the Company generated $558 million in cash flow from operations and $489 million in free cash flow. Year to date, the Company has generated approximately $1.6 billion in cash flow from operations and approximately $1.4 billion in free cash flow. Cash and cash equivalents totaled approximately $2.9 billion at the end of the quarter. There were 287 million ordinary shares issued and outstanding as of the end of the quarter. “Seagate achieved our second consecutive quarter of year-over-year revenue growth and exceeded our financial performance expectations for the March quarter, through solid execution and strong demand for our mass storage products. Looking ahead, the growing Data Age demand on storage, combined with consistent investment in our leading storage technology platforms and efficient operational capabilities, will continue to drive economic value for customers and returns for shareholders,” said Dave Mosley, Seagate’s chief executive officer. For a detailed reconciliation of GAAP to non-GAAP results, see accompanying financial tables. Seagate has issued a Supplemental Financial Information document, which is available on Seagate’s Investors Relations website at www.seagate.com/investors. Quarterly Cash Dividend The Board of Directors of the Company (the “Board”) has approved a quarterly cash dividend of $0.63 per share, which will be payable on July 5, 2018 to shareholders of record as of the close of business on June 20, 2018. The payment of any future quarterly dividends will be at the discretion of the Board and will be dependent upon Seagate’s financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board. Investor Communications Seagate management will hold a public webcast today at 6:00 a.m. Pacific Time that can be accessed on its Investor Relations website at www.seagate.com/investors. During today’s webcast, the Company will provide an outlook for its fourth fiscal quarter of 2018, including key underlying assumptions. An archived audio webcast of this event will be available on Seagate’s Investors Relations website at www.seagate.com/investors shortly following the event conclusion. About Seagate To learn more about the Company’s products and services, visit www.seagate.com and follow us on Twitter, Facebook, LinkedIn, Spiceworks, YouTube and subscribe to our blog. The contents of our website and social media channels are not a part of this release. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended, including, in particular, statements about the Company’s plans, strategies and prospects, financial projections, estimates of industry growth, market demand, shifts in technology, its supply-chain management capabilities, potential impact of trade barriers such as import/export duties and restrictions, tariffs and quotas, changes in the regulatory regime governing the flow of data across international borders and dividend issuance plans for the fiscal quarter ending June 29, 2018 and beyond. These statements identify prospective information and may include words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “should,” “may,” “will,” or the negative of these words, variations of these words and comparable terminology. These forward-looking statements are based on information available to the Company as of the date of this report and are based on management’s current views and assumptions. These forward-looking statements are conditioned upon and also involve a number of known and unknown risks, uncertainties, and other factors that could cause actual results, performance or events to differ materially from those anticipated by these forward-looking statements. Such risks, uncertainties, and other factors may be beyond the Company’s control and may pose a risk to the Company’s operating and financial condition. Such risks and uncertainties include, but are not limited to: items that may be identified during its financial statement closing process that cause adjustments to the estimates included in this report; the uncertainty in global economic conditions; the impact of the variable demand and adverse pricing environment for disk drives; the Company’s ability to successfully qualify, manufacture and sell its disk drive products in increasing volumes on a cost-effective basis and with acceptable quality; the impact of competitive product announcements; the Company’s ability to achieve projected cost savings in connection with restructuring plans; possible excess industry supply with respect to particular disk drive products; disruptions to its supply chain or production capabilities; unexpected advances in competing technologies or changes in market trends; the development and introduction of products based on new technologies and expansion into new data storage markets; the Company’s ability to comply with certain covenants in its credit facilities with respect to financial ratios and financial condition tests; currency fluctuations that may impact the Company’s margins and international sales; cyber-attacks or other data breaches that disrupt the Company’s operations or result in the dissemination of proprietary or confidential information and cause reputational harm; and fluctuations in interest rates. Information concerning risks, uncertainties and other factors that could cause results to differ materially from the expectations described in this press release is contained in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on August 4, 2017, the “Risk Factors” section of which is incorporated into this press release by reference, and other documents filed with or furnished to the Securities and Exchange Commission. These forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made. The inclusion of Seagate’s website address in this press release is intended to be an inactive textual reference only and not an active hyperlink. The information contained in, or that can be accessed through, Seagate’s website and social media channels are not part of this press release. SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) March 30, 2018 June 30, 2017 (a) ASSETS Current assets: Cash and cash equivalents $ 2,926 $ 2,539 Accounts receivable, net 1,076 1,199 Inventories 1,002 982 Other current assets 243 321 Total current assets 5,247 5,041 Property, equipment and leasehold improvements, net 1,720 1,875 Goodwill 1,238 1,238 Other intangible assets, net 204 281 Deferred income taxes 398 609 Other assets, net 205 224 Total Assets $ 9,012 $ 9,268 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 1,645 $ 1,626 Accrued employee compensation 188 237 Accrued warranty 110 113 Current portion of long-term debt 503 — Accrued expenses 609 650 Total current liabilities 3,055 2,626 Long-term accrued warranty 125 120 Long-term accrued income taxes 10 15 Other non-current liabilities 139 122 Long-term debt, less current portion 4,319 5,021 Total Liabilities 7,648 7,904 Total Equity 1,364 1,364 Total Liabilities and Equity $ 9,012 $ 9,268 (a) The information in this column was derived from the Company’s audited Consolidated Balance Sheet as of June 30, 2017. SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) (Unaudited) For the Three Months Ended For the Nine Months Ended March 30, 2018 March 31, 2017 March 30, 2018 March 31, 2017 Revenue $ 2,803 $ 2,674 $ 8,349 $ 8,365 Cost of revenue 1,956 1,858 5,889 5,857 Product development 254 324 767 944 Marketing and administrative 135 150 422 457 Amortization of intangibles 6 28 47 85 Restructuring and other, net 11 48 95 164 Total operating expenses 2,362 2,408 7,220 7,507 Income from operations 441 266 1,129 858 Interest income 10 5 23 7 Interest expense (60) (60) (182) (160) Other, net 2 1 (18) (10) Other expense, net (48) (54) (177) (163) Income before income taxes 393 212 952 695 Provision for income taxes 12 18 231 37 Net income $ 381 $ 194 $ 721 $ 658 Net income per share: Basic $ 1.33 $ 0.66 $ 2.50 $ 2.22 Diluted 1.31 0.65 2.48 2.20 Number of shares used in per share calculations: Basic 286 296 288 297 Diluted 291 300 291 299 Cash dividends declared per ordinary share $ 0.63 $ 0.63 $ 1.89 $ 1.89 SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) For the Nine Months Ended March 30, 2018 March 31, 2017 OPERATING ACTIVITIES Net income $ 721 $ 658 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 461 573 Share-based compensation 85 110 Impairment of long-lived assets — 35 Deferred income taxes 209 12 Other non-cash operating activities, net 9 17 Changes in operating assets and liabilities: 0 Accounts receivable, net 124 165 Vendor receivables 54 32 Inventories (20) (170) Accounts payable 74 124 Accrued employee compensation (49) 61 Accrued expenses, income taxes and warranty (24) 69 Other assets and liabilities 1 (13) Net cash provided by operating activities 1,645 1,673 INVESTING ACTIVITIES Acquisition of property, equipment and leasehold improvements (270) (330) Proceeds from the sale of fixed assets 2 — Proceeds from sale of properties previously classified as held for sale 43 — Maturities of short-term investments — 6 Other investing activities, net (14) (13) Net cash used in investing activities (239) (337) FINANCING ACTIVITIES Redemption and repurchase of debt (209) (97) Net proceeds from issuance of long-term debt — 1,232 Taxes paid related to net share settlement of equity awards (22) (25) Repurchases of ordinary shares (361) (248) Dividends to shareholders (545) (374) Proceeds from issuance of ordinary shares under employee stock plans 110 83 Net cash (used in) provided by financing activities (1,027) 571 Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash 8 (8) Increase in cash, cash equivalents, and restricted cash 387 1,899 Cash, cash equivalents, and restricted cash at the beginning of the period 2,543 1,132 Cash, cash equivalents, and restricted cash at the end of the period $ 2,930 $ 3,031 Use of non-GAAP financial information The Company uses non-GAAP measures of adjusted revenue, gross margin, net income, diluted earnings per share and operating expenses which are adjusted from results based on GAAP to exclude certain expenses, gains and losses. These non-GAAP financial measures may be provided to enhance the user’s overall understanding of the Company’s current financial performance and its prospects for the future. Specifically, the Company believes non-GAAP results provide useful information to both management and investors as these non-GAAP results exclude certain expenses, gains and losses that it believes are not indicative of its core operating results and because it is similar to the approach used in connection with the financial models and estimates published by financial analysts who follow the Company. These non-GAAP results are some of the primary measurements management uses to assess the Company’s performance, allocate resources and plan for future periods. Reported non-GAAP results should only be considered as supplemental to results prepared in accordance with GAAP, and not considered as a substitute for, or superior to, GAAP results. These non-GAAP measures may differ from the non-GAAP measures reported by other companies in its industry. SEAGATE TECHNOLOGY PLC ADJUSTMENTS TO GAAP NET INCOME AND DILUTED NET INCOME PER SHARE (In millions, except per share amounts) (Unaudited) For the Three Months Ended March 30, 2018 For the Nine Months Ended March 30, 2018 Reconciliation of GAAP Net Income: GAAP Net income $ 381 $ 721 Non-GAAP adjustments: Revenue A — (6) Cost of revenue B 16 56 Product development C 5 8 Marketing and administrative D 1 2 Amortization of intangibles E 4 43 Restructuring and other, net F 11 95 Other expense, net G 5 7 Provision for income taxes H 1 208 Non-GAAP net income $ 424 $ 1,134 Reconciliation of GAAP Diluted Net Income Per Share: GAAP $ 1.31 $ 2.48 Non-GAAP $ 1.46 $ 3.90 Shares used in diluted net income per share calculation 291 291 A For the nine months ended March 30, 2018, Revenue has been adjusted on a non-GAAP basis to exclude the favorable adjustments for sales of certain discontinued products. B For the three and nine months ended March 30, 2018, Cost of revenue has been adjusted on a non-GAAP basis to exclude amortization of intangibles associated with acquisitions, write off of certain inventory and other charges related to restructuring. C For the three and nine months ended March 30, 2018, Product development expenses have been adjusted on a non-GAAP basis to exclude the impact of write off of certain fixed assets and other charges related to restructuring. D For the three and nine months ended March 30, 2018, Marketing and administrative expenses have been adjusted on a non-GAAP basis to exclude the write off of certain fixed assets related to restructuring. E For the three and nine months ended March 30, 2018, Amortization of intangibles related to our acquisitions has been excluded on a non-GAAP basis. F For the three and nine months ended March 30, 2018, Restructuring and other net, has been adjusted on a non-GAAP basis primarily related to reductions in our workforce and other exit costs as a result of our ongoing focus on cost efficiencies in all areas of our business. G For the three and nine months ended March 30, 2018, Other expense, net has been adjusted on a non-GAAP basis to exclude the impact of impairment of a strategic investment, net impact of losses recognized on the early redemption and repurchase of debt and impact of our disposed data service business. H For the three and nine months ended March 30, 2018, Provision for income taxes represents the tax effects of non-GAAP adjustments determined using a hybrid with and without method and effective tax rate for the applicable adjustment and jurisdiction and a provisional tax expense of $4 million and $212 million, respectively for the re-measurement of our U.S. deferred tax assets at the lower 21% tax rate resulting from the U.S. Tax Cuts and Jobs Act enacted on December 22, 2017. Media contact: Richelle Gillett or Pru Quinlan Einsteinz Communications +61 2 8905 0995 richelle@einsteinz.com.au pru@einsteinz.com.au RegTech expert says anti-money laundering non-compliance remains an ongoing issue 2018-05-01T05:49:56Z regtech-expert-says-anti-money-laundering-non-compliance-remains-an-ongoing-issue May 1, 2018, Sydney, Australia. Anti-money laundering (AML) non-compliance needs to be swiftly addressed to tackle fraud and financial crime in Australia, according to RegTech expert Anthony Quinn, Co-Founder of AML Accelerate. AML Accelerate specialises in AML and counter-terrorism financing compliance solutions. Anthony said the time was right to reassess Australia’s AML laws. “Unfortunately, the ongoing banking royal commission is unearthing several cases of conduct risk in the financial crime space,” he said. Anthony, who also founded Arctic Intelligence in 2013 to assist companies better mitigate AML risk, believes Australia would benefit by drawing on New Zealand’s recent AML actions. From July 1, 2018, New Zealand AML laws will also apply to legal professionals and conveyancers as the country beefs up its efforts to safeguard against AML threats. “New Zealand has taken proactive steps and beaten Australia to the punch on AML, with New Zealand clamping down on the regulation of gatekeeper sectors, targeting lawyers and real estate agents,” Anthony said. “This area shouldn’t be ignored in Australia. We only have to look at recent issues like the Panama Papers which revealed accountants and lawyers were complicit in facilitating money laundering through real estate and high value goods sectors.” A 2015 report by The Financial Action Task Force called on Australia to do more to improve AML and Countering Financing of Terrorism compliance. Meanwhile, Anthony said businesses should look to technology to enhance AML compliance in a cost-effective way. “With the extension of AML laws to gatekeeper sectors like lawyers, accountants, real-estate agents and high-value dealers expected to grow to 125,000, it is hard to see how the standards of compliance will be effectively managed without technology as an enabler for businesses in complying,” Anthony said. To speak with Anthony on AML and the upcoming July 1 compliance changes, please contact Prue at Manning & Co at prue@manningandco.com.au or 0421 551 915. ABOUT ARCTIC INTELLIGENCE: Arctic Intelligence was founded in 2013 to tackle an escalating problem with financial crime losses. Our founders spent nearly 20 years working with some of the world’s largest consulting firms, investment and retail banks and understand the challenges that these organisations face in managing these risks. Arctic’s vision is to raise the bar in business through leading-edge technology which offers effective management of audit, risk and compliance, saving businesses time and money. For more information on Arctic Intelligence visit: http://arctic-intelligence.com/ ABOUT AML ACCELERATE: AML Accelerate Pty Ltd is a joint venture between Arctic Intelligence and Initialism. Widely recognised as thought leaders in anti-money laundering and counter-terrorism financing compliance, the venture provides solutions for businesses covered by AML/CTF law and regulations. For more information on AML Accelerate visit: https://amlaccelerate.com/