Sensera signs additional SMARTBOW multiyear supply agreement

Highlights:

• 
  Sensera signs exclusive supply agreement with farm animal health solution provider
  SMARTBOW, covering anchor devices developed by nanotron
• 
  Deal terms are confidential but specify revenue of a similar magnitude to the exclusive
  two-year agreement signed in October 2017 which sees Sensera supply SMARTBOW with
  nanoLOC chips for its Eartag LIFE product
• 
  Anchor devices capture data from the Sensera chips deployed in Eartags and transfer
  information from the anchors to the customer’s analytic system
• 
  SMARTBOW and Sensera agree on a technology and cost-reduction roadmap for the
  supplied devices, based on several thousand dairy farms targeted for deployment in FY19
  and FY20

Part 1 was announced in October and related to the location awareness chips known as"nanoLoc" chips
The commercial terms are confidential however there is a minimum order quantity and its multimillion dollar in value

• Includes agreement to develop next generation products (including added features and lower cost but with margin protection for nanotron)
• The 2 year term is sufficient time to complete that development and extend the relationship
• Whilst deal value has not been disclosed CEO Ralph Schmitt recently stated on the quarterly investor call that we expect SMARTBOW to deploy systems to circa 2500 farms in FY19 at circa US$3k per average farm to Nanotron - $US7.5m
• The agreement is weighted more heavily to FY20 than FY19

Revenue Guidance
The recently released Appendix 4D showing H1 FY18 revenue of US$2.07 million. Current backlog for FYQ3 is strong, supporting the FY18 plan. As per the Company’s most recent 4C announcement, Sensera received US$1.5m in cash receipts in the December quarter and reaffirmed FY18 revenue guidance of US$6.25 to US$7.25 million.
Non Deal Australian roadshow - 19 to 23 March

• The company will be undertaking non deal roadshow and will release a Company full company presentation.