The PRWIRE Press Releases https:// 2015-05-11T00:26:20Z THE DEMORGAN LTD GROUP OF COMPANIES TO RECEIVE UP TO $54 MILLION FROM AUSINDUSTRY R&D TAX REBATE SCHEME 2015-05-11T00:26:20Z the-demorgan-ltd-group-of-companies-to-receive-up-to-54-million-from-ausindustry-r-amp-d-tax-rebate-scheme-1 Sydney, NSW, May 11, 2015– DeMorgan Ltd is please to advise that the companies in its controlled group have satisfied the requisite criteria under AusIndustry’s R&D Tax Incentive Scheme for an advance finding with respect to R&D activities conducted in the development of smart contract and Blockchain based technologies. Under the scheme, companies with a turnover of less than $20 million are entitled to a cash refund of up to 45 cents per dollar spent on eligible research and development activity. Accordingly, DeMorgan Ltd and controlled companies is eligible to receive up to approximately $54,000,000 R&D cash rebate for R&D activities conducted in the 2014/2015 financial year. CEO Dr Craig Wright said “This rebate will strengthen the group’s cash position and is an important source of funds for our development activities. We acknowledge the Government’s support of important R&D activities, and we look forward to the successful commercialisation of our Blockchain and smart contract systems research.” The approval of the largest Research and Development Advance Finding and Core Technology reviews in Australian history from AusIndustry for Coin-Exch Pty Ltd, Denariuz Pty Ltd and Cloudcroft Pty Ltd and related companies in our group have allowed us to tune our Supercomputers to an Rmax (Tflop/s): 2,468.15 and 939.67 respectively. We expect that this will place us in the top 20 super computers globally and the fastest computer managed in the southern hemisphere accelerating Australia into a position that is well above its weight. This will result in increased technology development in Australia and help lead our country into a global leadership position. Our CEO, Dr Wright is excited that this will allow us to start accelerating crypto currency and smart contract and property research to new levels in the southern hemisphere and to create opportunities in Australia that have not been imagined before. In the coming years, we will be looking to expand our involvement in the region with the creation of a combined CuDA/Xeon Phi hybrid system that we are looking to develop in conjunction with SGI. Success in this endeavor would make Australia a global leader in HPC technology as well as in the emerging crypto-currency financial fields. Mr McKeon of SGI has stated that they “look forward to a long, sustained relationship” and that together our companies will reach the highest ranks of the Top500 list. Our company, Interconnected Research Pty Ltd is the only government authorized R&D research provider and accelerator dedicated to fostering crypto-currency specific research with the ability to allow companies to claim up to 43.5 cents in every dollar back as a rebate through the AusIndustry R&D program. As a way of returning something to the community we are offering a free course on our systems and providing access to one of the world’s fastest HPC systems in conjunction with IT Masters and Charles Sturt University. DeMorgan is a pre-IPO Australian listed company focused on alternative currency, next generation banking and reputational and educational products with a focus on security and creating a simple user experience. In the six years since the first company in the group started, we have completed several Bitcoin based research projects that have lasted over 6 years and are now ready to start commercialisation. ACCELERATING THE SOUTHERN HEMISPHERE 2015-05-11T00:25:30Z accelerating-the-southern-hemisphere Sydney, NSW, May 11, 2015– Following the approval of the largest Research and Development Advance Finding and Core Technology reviews in Australian history from AusIndustry for Coin-Exch Pty Ltd, Denariuz Pty Ltd and Cloudcroft Pty Ltd and related companies in our group have tuned our Supercomputers to an Rmax (Tflop/s): 2,468.15 and939.67 respectively. We expect that this will place us in the top 20 super computers globally and the fastest computer managed in the southern hemisphere accelerating Australia into a position that is well above its weight. This will result in increased technology development in Australia and help lead our country into a global leadership position. Our CEO, Dr Wright is excited that this will allow us to start accelerating crypto currency and smart contract and property research to new levels in the southern hemisphere and to create opportunities in Australia that have not been imagined before. In the coming years, we will be looking to expand our involvement in the region with the creation of a combined CuDA/Xeon Phi hybrid system that we are looking to develop in conjunction with SGI. Success in this endeavor would make Australia a global leader in HPC technology as well as in the emerging crypto-currency financial fields. Mr McKeon of SGI has stated that they “look forward to a long, sustained relationship” and that together our companies will reach the highest ranks of the Top500 list. Our company, Interconnected Research Pty Ltd is the only government authorized R&D research provider and accelerator dedicated to fostering crypto-currency specific research with the ability to allow companies to claim up to 43.5 cents in every dollar back as a rebate through the AusIndustry R&D program. As a way of returning something to the community we are offering a free course on our systems and providing access to one of the world’s fastest HPC systems in conjunction with IT Masters and Charles Sturt University. DeMorgan is a pre-IPO Australian listed company focused on alternative currency, next generation banking and reputational and educational products with a focus on security and creating a simple user experience. In the six years since the first company in the group started, we have completed several Bitcoin based research projects that have lasted over 6 years and are now ready to start commercialisation. Interconnected Research remains the sole RSP dedicated to Bitcoin research 2015-05-11T00:24:18Z interconnected-research-remains-the-sole-rsp-dedicated-to-bitcoin-research Interconnected Research is pleased to advise that the company has satisfied the requisite criteria under AusIndustry’s R&D Tax Incentive Scheme to remain registered as a Research Service Provider (RSP). An RSP is an organisation that is registered under section 29A of the Industry Research and Development Act 1986 as a RSP by Innovation Australia has appropriate scientific or technical expertise and resources to perform research and development on behalf of other companies. ICR is the only privately owned company registered by a government body as a research provider specialised in Bitcoin and cryptocurrency research.  We help to ensure that the companies we work with meet the guidelines from the Australian Taxation Office (ATO) on beneficiary of activities to ensure that the activities that they contract to complete satisfy the requirements of research that would allow them to claim a rebate of up to 43.5 cents in the dollar through the R&D Tax Incentive program. This allows companies to have access to skills and systems that can help drive the uptake of Blockchain based businesses in Australia. In addition, we provide companies access to some of the most powerful supercomputers in the world. Two of these systems are listed in the Top 500 HPC list. We remain the world’s only government endorsed Bitcoin incubator and research services provider. For More Information Contact Managing Director and CEO:       DR. Craig Wright               P 0417 683 914 info@demorgan.com.au Media/IR:                                            Ms Ramona Watts           P 0423 912 994 About Interconnected Research Interconnected Research (Inconn.ec) is a research and development organisation focused on cryptocurrencies. We understand cryptocurrency, the underlying technology and the possibilities this technology can provide for the future. We offer guidance on cryptocurrency related products, the protection of intellectual property, provide assistance with patenting and commercialisation of start-up companies. We encourage start-ups and entrepreneurs to contact us to explore the range of investment and partnership opportunities, available in the focus areas of virtual currency and science and information technology. We are the first AusIndustry authorised RSP dedicated to Bitcoin. A Research Service Provider (RSP) is an organisation that is registered under section 29A of the Industry Research and Development Act 1986 as a RSP by Innovation Australia has appropriate scientific or technical expertise and resources to perform research and development on behalf of other companies. ICR is a member of the DeMorgan Ltd group of companies.