Swift Media Announces New Contract Wins, Over $2.0M of Total Contract Value

Swift Media Limited (ASX:SW1) announce the signing of three new contracts to provide fit for purpose entertainment systems at workforce accommodation villages with a combined total contract value in excess of $2.0m.

Swift Media Limited (“Swift Media”, “the Company”) (ASX:SW1) is pleased to announce the signing of three new contracts to provide fit for purpose entertainment systems at workforce accommodation villages with a combined total contract value in excess of $2.0m.

Mineral Resources Ltd – New Contract
Swift has been appointed by Mineral Resources Ltd for the provision of Pay TV Content and adhoc Support and Maintenance Services to five of its remote accommodation sites. Under a two year agreement, Swift will provide content to rooms and wet mess areas to service the five remote sites.

Roy Hill – Contract Extension
Swift is delighted to announce Roy Hill has extended Swift’s services for an additional twelve months commencing in April signalling the continuation of Swift’s long term relationship with Roy Hill, providing communications and entertainment services to the Roy Hill mine village in Western Australia.

Quarantine Camp – New Contract
Additionally Swift Media has been appointed to provide television services, Wifi internet, movies and 24×7 support to a quarantine camp. Phase 1 of the contract covers around 780 rooms with an upfront and ongoing revenue component.

CEO Pippa Leary said, “We are delighted to convert these three, important new contract wins from our growing pipeline of opportunities. Having streamlined Swift to focus on our core verticals, these appointments demonstrate our compelling value proposition and ability to leverage our market leading position to drive growth. We look forward to working closely with our partners to deliver outstanding results.”

ABOUT SWIFT MEDIA LIMITED

Swift Media Limited (ASX: SW1) is a diversified telecommunications, content and advertising solutions provider. Swift empowers guests to watch, play, connect and interact and provides accommodation providers with meaningful insights and opportunities to drive new business. Swift delivers customised content, communications and targeted advertising across secure closed networks. Swift’s services include free-to-air television, pay television, telecommunications and video on demand with content from some of Hollywood’s largest studios. Running in more than 2,000 sites (approximately 65,000 dedicated TV screen plus mobile applications) across the mining, oil and gas, aged care and retirement village, healthcare and hospitality sectors, Swift’s fully integrated platform is deployed in some of the world’s harshest regions, where reliability, flexibility and scalability are critical success factors.

This announcement was approved and authorised for release by the Continuous Disclosure Committee

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Investing in Australia: Rich in Resources     Table of Contents Bitcoin Investing in Australia How to Buy Bitcoin in Australia Cryptocurrency Regulations in Australia   Bitcoin Investing in Australia Bitcoin is experiencing hype as its price continues to ride high, and Aussie investors are looking closer at ways to invest in cryptocurrencies. Debuting in …

Download Your FREE 2022 Tech Outlook Report

WHAT'S IN STORE FOR TECH IN 2022?

The Investing News Network (INN) spoke with analysts, market watchers and insiders about which trends will impact this sector in the year ahead.

✓ Trends   ✓ Forecasts    ✓ Top Stocks


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Here's an overview of the main technology ETFs listed on the Australia Securities Exchange.

It's indisputable that we are in an era of technology. Can there be any dispute? If you aren't reading this on a home computer (unthinkable in 1970), you're probably using a smart phone (the Nokia 9000 Communicator was the first phone that could access the internet in 1996), and it is obvious that our technological capabilities are exponentially increasing.

Apple's (NASDAQ:AAPL) meteoric rise is just as well-known and needs no elaboration. The fact of the matter is that technology companies are the present and they are they future. For any investor, the tech sector is obviously a desirable investment opportunity.

For those unfamiliar, an ETF, or exchange-traded fund, is a basket of securities, traded like a stock on an exchange. They come in many different types (market ETFs, foreign market ETFs, commodity ETFs and so on). Advantages include lower expense ratios, diversification and fewer broker commissions. One disadvantage is a low level of liquidity.


Here, the Investing News Network looks specifically at Australian tech sector ETFs, for those interested in investing in the bright, digital future.

The technology sector in Australia

Fast-growing and already robust, the tech sector in Australia rests just behind mining and banking as the third largest industry in the country. Not only is the tech sector the third-largest industry, it is also the fourth-largest export, worth AU$8 billion.

As of 2021, Australia ranked 20th across the world for digital competitiveness. Unfortunately, that's the lowest it has ever been.

So, what does that mean for the future of the tech sector? Well, it's time for some good news/bad news. The bad news is the low global ranking.

But, while a record low is hardly promising, there is a silver lining to this cloud. According to an Australian government report from August 2021, the sector has experienced a rapid amount of growth recently, a trend which looks to continue exponentially into the future. Australian tech also performed well in terms of technology adoption. The Australian government has ambitious plans to expand the tech industry, and aim to greatly increase Australia's contributions to technologies by 2030.

Investing in ETFs on the ASX

How do you invest in an ETF? Well, one of the advantages of an ETF is the ability to buy and sell at any time of the day. Other mutual funds trade at the end of the day.

One thing to watch out for with ETF investment is portfolio duplication. If your own portfolio is diverse, make sure you aren't going to create a redundancy with an ETF. Check your total exposure in a given sector, don't just check the exposure given by the ETF.

ETFs, by their nature, offer diverse or somewhat diverse portfolios to investors. They’re a “basket of securities,” which means that these groups can interact with more than one sector. If you are looking to invest in technologies and in the tech sector, these are the best ways to do that. Here’s an overview of the technology ETFs listed on the ASX as of May 10, 2022.

ETFS Morningstar Global Technology

Market cap: AU$344 million; year-to-date loss: 16.11 percent; current share price: AU$89.51

All of the holdings of the ETFS Morningstar Global Technology ETF (ASX:TECH) are in the tech sector. Although it does have holdings in several countries, the lion's share comes from the United States at around 78 percent. The company says it has no regional bias, however, and is simply focused on computer, internet and communications stocks.

Betashares Global Cybersecurity

Market cap: AU$717 million; year-to-date loss: 2.79 percent; current share price: AU$10.44

Betashares (ASX:HACK) specifically specializes in cyber security, a market which will protect and enhance other tech companies' offerings. This stock has only slightly less allocated to the tech sector than ETFS Morningstar: 94 percent. Of that 94 percent, half is focused on systems software. Everybody needs antivirus, anti-spyware, anti-malware and other forms of protection against malicious code, so it might be an interesting option for investors to look into.

Betashares Cloud Computing

Market cap: AU$54 million; year-to-date loss: 20.55 percent; current share price: AU$11.83

This ETF's (ASX:CLDD) distribution has 78.88 percent going into the tech sector; 50 percent of its sector allocation is in application software (apps). "The cloud" seems as ubiquitous as its name implies, if not quite as omnipresent as its ambitions have aimed, and this ETF allows an investor to invest in the idea that this is the way of the future for storage. Some computer types are even based on the idea of the cloud, such as Chromebooks.

Betashares S&P/ASX Australian Technology

Market cap: AU$163 million; year-to-date loss: 17.01 percent; current share price: AU$19.56

S&P/ASX (ASX:ATEC) has a lower percentage of holdings devoted to the tech sector — just sitting above half at 57.72 percent. Of these holdings, around 95 percent are in IT and communications services.

 Betashares NASDAQ 100

Market cap: AU$104 million; year-to-date loss: 12.46 percent; current share price: AU$32.04

The first entry here to dip below 50 percent, the NASDAQ 100 ETF (ASX:HNDQ) devotes just 49.02 percent of its holdings to technology, with the next-highest category, communication services, ranking at 18.85 percent.

Betashares Asia Technology Tigers

Market cap: AU$547 million; year-to-date loss: 16.35 percent; current share price: AU$7.88

Just below NASDAQ's allotment to tech, Asia Technology Tigers (ASX:ASIA) has tech holdings of 48.48 percent. As the name suggests, this ETF focuses its holdings in top Asian companies specifically, and are not as globally representative as other ETFs.

 Betashares Crypto Innovators ETF

Market cap: AU$102 million; year-to-date loss: 20.49 percent; current share price: AU$6.21

The Crypto Innovators ETF (ASX:CRYP) was included based on the current global interest in crypto currencies. Your feelings about this particular basket of securities might depend on your opinions about crypto currency as much as the statistics of the ETF itself. Betashares.com said, "CRYP provides focused exposure to companies involved in servicing crypto-asset markets or which have material investments in crypto-assets." It goes on to emphasize the speculative nature of crypto-assets, as well as to underline the volatility of returns.

Don’t forget to follow us @INN_Australia for real-time news updates!

Securities Disclosure: I, Ryan Sero, hold no direct investment interest in any company mentioned in this article.

The novel multi-media campaign, created in partnership with RGA, is built on the concept that consumers can Zip everything around them and pay in four installments Following its global rebrand this summer, digital payment pioneer Zip Co Limited today revealed a new multi-million dollar brand campaign – ‘Zip Now, Pay Later’ – across the U.S., to attract new customers to merchants ahead of the holiday shopping …

The novel multi-media campaign, created in partnership with R/GA, is built on the concept that consumers can Zip everything around them and pay in four installments

Following its global rebrand this summer, digital payment pioneer Zip Co Limited ( ASX: Z1P ) today revealed a new multi-million dollar brand campaign – ‘Zip Now, Pay Later’ – across the U.S., to attract new customers to merchants ahead of the holiday shopping season. From TikTok dance challenges to ‘earworms’ stuck in our heads and glam tips for Zoom calls, ‘Zip Now, Pay Later’ spotlights meme-worthy moments that have captivated millions, all demonstrating that Zip is not only part of the same cultural zeitgeist, but also the payment option of choice for modern consumers who are increasingly shunning credit cards for flexible, transparent digital payment options everywhere they shop.

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HiPurATM HPA Micro Plant Commissioning & Pre-feasibility Study Update
Significant Manganese and REE Results at Jamieson Tank
Significant Manganese and REE Results at Jamieson Tank

ChemX Materials (ASX:CMX) (ChemX or the Company), a materials technology company focused on providing critical materials required for electrification and decarbonisation, is pleased to provide an update on progress regarding its HiPurATM High Purity Alumina (HPA) Micro Plant commissioning and Pilot Plant Pre-feasibility Study (PFS).


  • HiPurATM High Purity Alumina (HPA) Micro Plant advanced commissioning progressing
  • HiPurATM HPA Prefeasibility Study (PFS) optimisation in final stages
  • HPA included in Australian Federal Government Critical Minerals List

High Purity Alumina (HPA)

HPA is a high value critical material used in lithium-ion batteries to manufacture ceramic separators, which provides increased thermal insulation for improved safety and charging. HPA is also a critical ingredient in the production of synthetic sapphire used in LEDs, semiconductors, and optical lenses.

HiPurATM HPA Micro Plant

ChemX has completed commissioning of the individual stages of its HPA Micro Plant and is now undergoing final stage integrated process commissioning. The key objectives from the Micro Plant operation are:

  • Optimisation of process and controls under continuous operation
  • Achieving a 99.99% (4N) purity HPA on a consistent basis
  • Ongoing production of samples of HPA for customer qualification testing
  • Research and development on the development of additional products for assessment, including achieving a targeted 99.999% (5N) purity

The Micro Plant has been designed to be highly flexible and accommodate flowsheet modifications in anticipation of potential process improvements to achieve the Company’s plans of producing a number of products including 5N (99.999%) HPA or higher specification.

Chief Operating Officer Mr Peter Lee said “Integrated process commissioning of the Micro Plant and running the HiPurATM HPA process under continuous operation will be a significant milestone for the technology. The Micro Plant operation will allow the Company to optimise the current Pre-feasibility Study and achieve a major competitive step forward by providing product samples to potential customers. Successful commissioning will also demonstrate the potential to offer customers a scalable, modular plant to supply HPA with significantly shorter plant construction times to feed directly into their lithium-ion battery supply chain.”

HiPurATM HPA Pilot Plant Pre-feasibility Study

The HiPurATM process is expected to produce HPA with significantly lower levels of energy and reagent usage, resulting in lower capital and operating costs than most incumbent and potential producers.

The Pilot Plant PFS is progressing well, with several major milestones already achieved:

  • Flowsheet extensively modelled to assess alternative reagents
  • Operating costs identified
  • Key equipment manufacturers engaged for quotation
  • Equipment and pilot plant sizing optimization currently under way

Throughout the PFS process work undertaken to date, the Company has identified several opportunities to optimise the process design, equipment modifications and scale. These work streams will have a positive impact in terms of a reduction in capital and operating costs. As a result, the Company will extend completion of the PFS into Q3 2022 to complete these work streams.

ChemX Managing Director David Leavy commented: “The PFS has confirmed a number of the technical and operational objectives of the HiPurATM process. As is common with studies utilising advanced novel technologies, several areas have been highlighted for optimisation which are best completed as part of the current study. The short extension of time to complete the PFS will provide significant benefits for the development of the technology.”

HPA added to the Critical Minerals List by the Australian Federal Government.

HPA has been added to the Federal Government’s Critical Minerals List. Inclusion on the list reflects the high value and critical nature of HPA in building a fully integrated supply chain of battery materials domestically, further strengthening Australia’s reputation as a reliable supplier of critical minerals and sophisticated products to local and global markets. ChemX welcomes this addition and looks forward to ongoing engagement with both the Federal and State Governments to commercialise its HPA assets.

This Announcement has been authorised for release by the Board.

For enquiries:

David Leavy

Managing Director

ChemX Materials Ltd

david@chemxmaterials.com.au

+61 424 153 957


Peter Kermode

Associate Director

Cannings Purple

pkermode@canningspurple.com.au

+61 411 209 459


Click here for the full ASX Release

This article includes content from ChemX Materials, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

CMX:AU

Work at the company’s Cancet project is building toward a maiden resource in Q1 2023, said Managing Director Chris Evans.


Although prices have cooled off from the highs seen earlier this year, the lithium market remains in focus and investors are interested in how to get exposure to the green energy transition.

Chris Evans, managing director at Winsome Resources (ASX:WR1), said Australian investors in particular are aware of the lithium opportunity, and reacted well to the company’s ASX listing this past November.

The company initially came to market with three lithium assets in the James Bay region of Quebec, and has since acquired two additional lithium projects in the province.


Speaking to the Investing News Network, Evans explained that Cancet is the company’s main focus. Recent assay results released during the Prospectors & Developers Association of Canada (PDAC) convention build on previous drilling at the property, and have increased the known pegmatite strike length to 1,200 meters from 600 meters.

Looking forward, Evans said that two geological teams are now on the ground at Cancet, and are investigating targets identified through geophysical surveys to figure out which of them require drilling.

Known pegmatites that have already been drilled are also being stripped and cleared so that the company can complete field mapping and decide where to drill next.

“Really all that’s working towards a maiden resource in the first quarter of 2023,” said Evans.

In terms of the overall lithium market, he said a recent Goldman Sachs (NYSE:GS) report saying the battery metals bull market is “over for now” put a damper on sentiment, but is generally not thought to be a major concern.

“I think that probably initiated a bit of a correction in the market, which may have been needed because lithium prices and stocks were at all-time highs,” he said. “But in terms of an oversupply like Goldman Sachs is predicting, I haven’t heard anyone agree with that since I’ve been here at PDAC.”

Watch the interview above for more from Evans on Winsome Resources and its plans for the next six months. You can also click here for our recap of PDAC, and here for our full PDAC playlist on YouTube.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Winsome Resources is a client of the Investing News Network. This article is not paid-for content.

The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

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Revenue from Australia's mobile sector is expected to grow from AU$9.6 billion in 2021 to AU$11.2 billion in 2026. Here's what to know about this industry.

After lagging behind for a prolonged period, Australia's tech sector is ramping up at an accelerated pace. The tech sector is now equivalent to 8.5 percent of the country's GDP as of the end of 2021, an increase of 26 percent since the onset of COVID-19 through June 2021 and a massive 79 percent increase over the past five years. Tech contributes AU$167 billion to the Australian economy, trailing only the mining (AU$205 billion) and financial/insurance (AU$169 billion) sectors.

Australia's characteristically resilient economy — which had not experienced a recession in nearly 30 years prior to COVID-19 lockdowns — has provided a sturdy backdrop for its growing tech sector. The growth in the tech sector’s contribution to the GDP has outpaced average growth of other industries by more than 400 percent, a gain partly attributable to accelerated digital technology adoption during the pandemic.

This dramatic expansion is largely in response to Australia's need to catch up to the rest of the world and assert itself in the global tech marketplace. Should the tech sector continue to grow at its current rate it will eventually surpass the relative GDP contribution of the long dominant mining sector. This will also complete the process of bringing Australia more in line with other western economies such as the UK, and notably Canada, which is comparable to Australia in terms of its dominant mining and agricultural industries.


In terms of digital innovation earnings as a percentage of GDP, for example. Australia stands at 7.4 percent, significantly behind the 11.2 percent average for companies that are part of the Organisation for Economic Cooperation and Development (OECD). According to its September 2021 Policy Primer report, the Australian Academy of Sciences called for the federal government to place greater emphasis on supporting emerging digital technologies.

"Australia risks falling behind as a technologically-driven nation unless we recognise emerging digital technologies as a central, independent sector in its own right, warranting investment in the core aspects of research, innovation, and workforce development," the report stated.

Understanding Australia's mobile tech landscape

One of the drivers of Australia's tech sector expansion is its booming mobile telephone industry. This expansion has taken many forms ranging from expanded use of mobile telephony, adoption of blockchain technology for supply chain management and the rise of the cryptocurrency market. The application of mobile tech to the banking industry is just one space where mobile usage has become key and is expected to continue developing. According to research firm KPMG, digital platforms will become the preferred and dominant business model form.

Chase Bank completed a survey revealing that the COVID-19 pandemic has accelerated the adoption of mobile banking technology. Banking apps allow users to deposit cheques, pay bills and perform transfers from their mobile device.

One critical side effect of COVID-19 has been the way lockdowns and related restrictions on behaviour has changed the way people live and work. Remote working conditions and enforced isolation has triggered increased demand for improved connectivity and internet speeds to facilitate this transition in corporate culture during the pandemic.

As a result, Australia's leading mobile telephony giants have been obliged to improve data capacity and speed, especially in regional areas that have badly lagged behind urban coverage. Some people have relocated to regional areas — where connectivity remains a challenge — and others are requiring more data capacity and fast speeds to allow them to work more efficiently from home.

The Australian mobile sector is dominated by three main players: Telstra (ASX:TLS), Optus — a subsidiary of Singapore-based Singtel (SGX:Z74) — and TPG Telecom (ASX:TPG). Telstra is the largest provider of mobile services with 48.7 percent market share followed by Optus at 26.3 percent.

In 2022, there have already been several major new developments in the Australian mobile sector. One such event has been the tentative network sharing agreement announced in February between Telstra and TPG Telecom, which brings an end to the bitter rivalry between the two competitors. The agreement provides a comprehensive framework for the two telecom giants to share mobile telecommunication infrastructure across Australia.

TPG and Telstra will both enjoy significant savings and benefits from this arrangement. Telstra will reap up to AU$1.8 billion in added revenues while gaining access to TPG's spectrum that expands Telstra's fixed wireless services in regional areas. Correspondingly, TPG gains access to 3,700 Telstra towers in regional areas; this means TPG does not have to spend significant money to duplicate the infrastructure for its own use.

In addition, Telstra announced earlier in the year that it will spend up to AU$1.6 billion on new infrastructure intended to improve connectivity and internet speeds as part of its response to the overall need to accommodate rising consumer demand in the wake of the pandemic.

What's the outlook for mobile tech in Australia?

One of the positive side effects of the pandemic has been the increasing adoption of wireless services by Australians and the ownership of internet-of-things devices that are prevalent in nearly all households.

According to GlobalData, a data and analytics company, mobile sector revenue in Australia is expected to grow from AU$9.6 billion in 2021 to AU$11.2 billion in 2026 at a compound annual growth rate of 3 percent. This revenue growth will mainly accrue from growth in the mobile data subsector.

Meanwhile, the three leading telephone companies will not only be expanding their 4G services but rolling out 5G networks across the country. 5G allows for improved and additional smartphone services and also enhances fixed wireless services that are competitive with higher speed National Broadband Network (NBN) connections.

In addition, low earth orbit satellite services are beginning to roll out in Australia led by Elon Musk's SpaceX's Starlink service that offers broadband connections delivered via its satellite network.

Overfall, the winding down of restrictions due to COVID-19 will likely see the big three companies enjoy higher revenues in 2022 after declines in earnings owing to the pandemic. Telstra, Optus and TPG Telecom all experienced significant earnings drops between 2020 and 2021 due to reduced international roaming fees, softening demand for headsets and ongoing adoption of NBN services.

But the outlook for 2022 is positive given overall improved economic prospects as Australia emerges from the pandemic, which actually increased overall consumer use of communication services in 2021.

Lockdowns resulted in increased consumer uptake of online services such as online shopping, data-intensive video streaming and the additional household usage of communication services. Indeed, in 2021, data traffic reached record highs as Australian consumers demanded improved internet speeds and unlimited data plans. Remote work will likely continue to remain elevated in 2022 and beyond, which should reinforce increased consumption of home communications services.

Telstar and TPG Telecom in particular are embarking on long term strategies that will drive future earnings growth via accelerating 5G adoption, expansion in dark fibre, and increased adoption of new services such as edge/cloud computing.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Harold Von Kursk, hold no direct investment interest in any company mentioned in this article.

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