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DC Two: Australian Data Center Services Designed Leveraging Leading Edge Technologies
April 26, 2023
DC Two (ASX:DC2)) provides cloud-based, locally operated and supported data center infrastructure and offers a suite of vertically integrated services covering every aspect of data center and cloud technologies. Led by an experienced team of technology specialists and entrepreneurs, DC Two aims to go beyond providing infrastructure by offering API-powered microservices, giving customers advanced capabilities without the need for in-house developers.
DC Two is an ISO-27001-certified provider of infrastructure services and now leverages its data center expertise to offer advanced microservices, allowing customers to capitalize on evolving capabilities. The company’s ISO-27001 certification ensures that all its services are protected with industry-leading cybersecurity standards.
To meet the demands of modern enterprises, startups and small businesses, DC Two offers:
- Local Cloud: The company operates its own ISO27001 cloud platform in Perth and Darwin, or creates hybrid environments to meet the customers’ specific needs.
- Data Centers: DC Two operates a robust infrastructure capable of providing data center services to accommodate a range of customer requirements. The company offers ‘bring your own hardware,’ colocation and hybrid cloud hosting to meet a variety of needs.
- DC Soft (In-house Software Development): DC Two offers software development services for customers needing custom solutions unique to their enterprise.
Company Highlights
- DC Two is an Australian technology company providing locally operated and supported cloud-based services and infrastructure.
- The company offers vertically integrated services that its customers can configure based on their needs.
- DC Two is at the forefront of offering ready-to-use microservices, a next-generation cloud architecture that allows customers to cut costs and improve reliability.
- The microservices architecture market is expected to grow rapidly in the coming years as organizations of all sizes continue to embrace its benefits.
- The company is ISO-27001-certified, providing confidence in the security of its customers' data and applications.
- DC Two offers a fully configurable platform levering its vertically integrated services so its customers can build their ideal solution.
- An experienced team of seasoned IT experts and business leaders are at the helm, leading DC Two into the future of data center services.
This DC Two profile is part of a paid investor education campaign.*
Click here to connect with DC Two (ASX:DC2) to receive an Investor Presentation
DC2:AU
25 September
Biden Administration Proposes Ban on Chinese Vehicles, Citing Espionage Concerns
The US Department of Commerce has proposed regulations that would effectively ban Chinese-made vehicles and certain software from American roads over fears of espionage and remote manipulation.
Reuters reported that the move follows an investigation of the risks posed by connected car technology in vehicle features, such as network hardware, cameras, microphones and GPS tracking.
If the rules go into effect, prohibitions on the sale of connected vehicle software would begin for the 2027 model year. The ban on connected vehicle hardware would start with the 2030 model year, or by January 2029.
The regulations would apply to all road vehicles, excluding agricultural and mining vehicles, as well as drones and trains.
US officials fear that foreign entities could exploit these technologies for surveillance or sabotage.
Secretary of Commerce Gina Raimondo noted that the risks associated with the technologies mentioned could allow US adversaries to gather sensitive information or even take control of vehicles on American roads.
"In an extreme scenario," she explained, “a foreign adversary could shut down or take control of all their vehicles operating in the United States all at the same time causing crashes, blocking roads."
The rules provide a pathway for Chinese automakers to seek exemptions, but these would require specific authorizations. Officials from the Department of Commerce have also emphasized that exemptions are unlikely to be granted for vehicles or components that pose a significant national security risk.
The proposal is part of a broader US effort to limit the influence of Chinese and Russian technology in critical sectors. In recent months, the Biden administration has increased tariffs on Chinese-made electric vehicles, batteries and key minerals. These tariffs include a 100 percent duty on electric vehicles imported from China.
White House National Security Advisor Jake Sullivan highlighted the potential long-term risks posed by foreign-made connected vehicles. "With potentially millions of vehicles on the road, each with a 10 to 15-year life span, the risk of disruption and sabotage increases dramatically," Reuters quotes him as saying.
The Chinese government and automotive industry have already responded. Chinese officials have called on the US to provide an open and fair environment for Chinese companies, while vowing to protect their economic interests.
The Chinese Foreign Ministry has also criticized the proposed regulations, stating that the US should not use national security concerns to impose unfair restrictions on foreign companies.
In response to the proposal, the Alliance for Automotive Innovation, a trade group representing major automakers, including General Motors (NYSE:GM), Ford Motor (NYSE:F) and Toyota Motor (NYSE:TM,TSE:7203), acknowledged that some companies may require additional time to comply with the new regulations.
The group also noted that while Chinese-made components are not yet common in US vehicles, the proposed rules will force automakers to adjust their supply chains to avoid using foreign-made parts.
The Biden administration's move is seen as a continuation of efforts to reduce reliance on foreign technology in critical industries, including telecommunications, energy and now automotive manufacturing.
It follows similar actions taken against Chinese telecom giant Huawei in 2022 — the company was barred from participating in American infrastructure projects due to concerns over data security.
Under President Joe Biden, the US government has also stressed the importance of protecting American automakers from the competitive threat posed by low-cost Chinese electric vehicles, with Canada and the EU taking preemptive action and Italy endorsing the impositions ahead of the EU vote on trade restrictions.
Chinese carmakers have rapidly expanded their market share in Europe, Asia and other regions, offering electric vehicles at prices that significantly undercut those of US manufacturers.
The Department of Commerce is accepting public comments on the proposed regulations for the next 30 days, with the final rules expected to be implemented by early 2025.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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03 September
Surrender of Lease for Bibra Lake Premises
Adisyn Ltd (ASX: AI1) (“Adisyn” or the “Company”) is pleased to announce it has successfully negotiated a surrender of its Bibra Lake lease (ASX: 31 July 2024), resulting in approximately $350k in savings per year.
Highlights:
- Bibra Lake lease surrendered resulting in ~$350k annual savings.
- Adisyn to continue providing data centre solutions through third-party providers.
- Consistent with Company’s strategy of reducing costs and moving to capital light model.
- Continued focus on strategic partnerships to deliver next generation data centre and cybersecurity solutions in an AI-driven world.
- The lessor has agreed to indemnify Adisyn against any potential damages if found liable in the legal matter with Cannontech Technologies Ltd.
Adisyn and the lessor of the Bibra Lake data centre in WA have signed a surrender of lease agreement. The Agreement allows Adisyn to exit from the lease on 18 October 2024 and is expected to result in annual savings of ~$350k per year, net of costs expected for a lease of the Company’s new corporate office. The annual savings will be achieved from the date of the exit of the Bibra Lake lease.
The Company will continue to offer data centre services to new and existing customers through the use of third-party data centre providers, and will look to relocate all existing profitable customers to an alternative data centre in Perth, where those customers will continue to be serviced by Adisyn.
Adisyn will undertake the decommissioning and sale of plant and equipment at the Bibra Lake site, the cost of which it expects will be offset by proceeds of sales of the decommissioned plant and equipment.
The move is consistent with Adisyn’s focus on moving to a capital lite model (ASX: 15 Apr 2024, 1 May 2024), and provides the Company with the ability to prioritise it’s business development efforts towards SME’s in the defence industry supply chain, and continue engaging in strategic partnerships to develop solutions that leverage the Company's learnings in data centres and cyber security, such as the collaboration with 2D Generation (ASX: 15 July 2024).
AI1 Managing Director Blake Burton said: "We're delighted with the outcome of our negotiations which will allow AI1 to reduce expenses while being able to deliver capital light data centre and cyber security solutions to our customers. In addition, it frees up time and resources to apply to strategic collaborations, including with 2D Generation, where we can use our learnings from data centres to develop data centre and AI related technologies to solve current industry challenges."
Update on legal proceedings
On 17 March 2023, the Company announced it had been named as second defendant in a dispute between the lessor of the Bibra Lake Premises, and Cannontech Technologies Ltd, in respect of the ownership of certain equipment located at the Premises (‘Legal Matter’). Further updates were provided to the market in announcements dated 29 September 2023 and 28 February 2024.
As a condition of the surrender of lease, the lessor has agreed to indemnify Adisyn against any potential exposure to damages for the Legal Matter in the event that Cannontech Technologies Ltd are successful in their proceedings. Adisyn will also file a notice of intention to abide, the effect of which is that Adisyn will not take any further part in the Legal Matter and accept any order made by the Court with the benefit of the indemnity from the lessor.
Click here for the full ASX Release
This article includes content from Adisyn, 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.
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30 August
Preliminary Final Report
Adisyn Ltd (ASX: AI1) (“Adisyn” or the “Company”) has released its Appendix 4E Preliminary Final Report.
Results for announcement to the market
Dividends
There were no dividends paid, recommended or declared during the current financial period.
Comments
The loss for the Group after providing for income tax amounted to $1,554,770 (30 June 2023: $1,740,563).
Click here for the full ASX Release
This article includes content from Adisyn, 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.
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31 July
June 2024 (Q4 FY24) Activities and Cashflow Report
Adisyn Ltd (ASX: AI1) (“Adisyn” or the “Company") is pleased to provide its quarterly report and Appendix 4C cash flow statement for the period ended 30 June 2024, as it continues to build on its unique technology offering and new strategic focus.
HIGHLIGHTS
- Completion of strategic review with outcomes focused on divestment of non-core assets, streamline business with focus on AI and cybersecurity, and targeting business development opportunities in the defence industry supply chain.
- Divestment of VMware cloud assets to Zettagrid to generate up to $1.4m in cash, with $850k received to date.
- Expansion of Adisyn’s Industry Advisory Board with three key appointments, bringing valuable experience in cybersecurity, defence and national security.
- Strategic partnership with Canberra-based group, Phase, strengthening Adisyns defence industry capability.
Post Quarter Highlights
- As announced on 29 July 2024, the Company received firm commitments to raise ~$1.5m via a share placement of 46 million shares at $0.033c per share
For the quarter, the Company reported cash receipts of $1,538,000, following the disposal of its VMware Cloud Platform to Zettagrid Pty Ltd on 1 May 2024. Underlying total revenue for the quarter was $1,138,000, when excluding April 2024 revenue from the VMware Cloud business sold.
During the quarter, the Company focused its attention on new strategic partnerships, expanding its technological capability, and reviewing non-core assets for potential disposal to streamline the business moving forward and provide the Company with the balance sheet strength required to execute on its business development activities.
The Company remains focused on prioritising high growth, high margin sectors to further advance it’s AI enablement and cybersecurity capabilities, including it’s collaboration with leading semiconductor IP business, 2D Generation Ltd, which aims to generate transformational opportunities in the AI space, leveraging Adisyn’s expertise in data centre management, managed IT services, and cybersecurity, alongside 2D Generation’s industry-leading capabilities in developing next-generation AI semiconductor solutions (ASX: 15 July 2024).
Click here for the full ASX Release
This article includes content from Adisyn, 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.
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29 July
Firm Commitments Received for ~$1.5M Placement
Adisyn Ltd (ASX: AI1) (“Adisyn” or the “Company”) is pleased to announce that it has received binding firm commitments from new and existing sophisticated investors to raise $1.518 million through the issue of 46 million new fully paid ordinary shares in the Company (“New Shares”).
Highlights:
- Adisyn has received firm commitments to raise ~$1.5m via a share placement of 46 million shares at 3.3c per share.
- Supported by new and existing sophisticated and strategic investors.
- Funds raised will be used to accelerate the development of AI1's managed technology and cybersecurity businesses.
- In addition, funding will support new technology partnerships including the Collaboration Agreement with 2D Generation, a prominent semiconductor IP business, with the aim of generating next generation solutions.
The placement was undertaken at an issue price of $0.033 per share, which represents a 10% discount to the 15-day VWAP of the closing share price on the last trading day prior to the announcement of the Placement. The New Shares will be issued utilising the Company's existing placement capacity, with 27,500,000 shares issued pursuant to ASX Listing Rule 7.1 and 18,500,000 shares issues pursuant to Listing Rule 7.1A.
AI1 Managing Director Blake Burton said: "We're delighted with the outcome of the capital raise which will allow AI1 to continue to build its existing underlying business of managed IT and cybersecurity applications for the defence industry supply chain. In addition, this inflow of capital will allow us to commit the required resources and focus on maximising technology partnerships, particularly our collaboration with 2D Generation as we look to identify opportunities that will enhance our current offering to our clients via transformational semiconductor and AI solutions."
Funds raised will be used towards the development and delivery of solutions for AI1's managed technology and cybersecurity businesses, along with general working capital. In addition, funding will support new technology partnerships including the Collaboration Agreement with 2D Generation (ASX: 15 July 2024), a prominent semiconductor IP business, with the aim of generating next generation solutions.
Allotment of the New Shares is expected to occur on or about 2 August and will rank pari passu with existing AI1 shares on issue.
Adisyn’s corporate adviser, Sandton Capital Advisory Pty Ltd (Sandton), acted as the Sole Lead Manager and Book Runner on the placement. A Lead Manager Mandate was signed with the Company which entitles Sandton to receive fees as follows; a Lead Manager fee of 2% of all funds raised under the placement, a capital raise fee of 4% of all funds raised under the placement, and the issue of 5 million fully paid ordinary shares in the Company to Sandton and/or its nominees, the issue of which is subject to shareholder approval.
Click here for the full ASX Release
This article includes content from Adisyn, 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.
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24 July
Adisyn Ltd (ASX: AI1) – Trading Halt
Description
The securities of Adisyn Ltd (‘AI1’) will be placed in trading halt at the request of AI1, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 29 July 2024 or when the announcement is released to the market.
Issued by
ASX Compliance
Click here for the full ASX Release
This article includes content from Adisyn, 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.
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