Agent Technology Pty Ltd, currently headquartered in Australia, is an organization with solid focus on both small-scale and large-scale supply chain visibility software and networks. Agent Technology offers a solution and vision including Radio Frequency Identification (RFID) enabled inventory management and the ability for both large and small businesses to improve efficiencies while reducing errors and costs. One focus of Agent Technology is delivering a real time business environment and realtime communication and searching to small as well as large business. A real time network offers significant competitive advantages. It enables: - Reduced lead times, improved efficiency and responsiveness; - Real-time financial reporting (now demanded by "Wall Street"); - Lower stock levels; - Reduced cost per transaction; - Superior competitive intelligence and demand information; - Increased responsiveness to customers; - Reduction in expensive human input; - Real-time reengineering of processes; - Better decision-making; - Improved leveraging of technological improvements; - Visibility of the extended supply chain; - Optimization of procurement; and - Risk management by optimizing purchase decisions under conditions of uncertainty. Agent Technology's recent track record, milestones and achievements October 2007 Agent Technology readies itself for development of its leading edge multi-protocol network. This will allow enterprises to undertake secure communication with one another, across a supply chain, automatically using a range of internet and peer-to-peer protocols on a "horses for courses basis". October 2006 78 supermarkets sign up for first adaptive supply network February 2005 Agent Technology presented at the international Adaptive Supply Chain Strategies Conference 2005, Sydney Australia, in February 2005. May/June 2004 Agent Technology Pty Ltd attended an invitation-only CEO technology roundtable in Shanghai. This fits in with Agent Technology's China strategy. February 2004 Agent Technology attended DEMO 2004 in the USA; the company was selected as having one of the most innovative products in the world by Silicon Valley experts. http://www.demo.com. The event is focused on the most innovative new products and technologies transforming the industry globally. It was the launch event for E-Trade, palm pilot, Java and other market-disrupting products. November 2003 Agent Technology gave various presentations in Silicon Valley, including at the AnzaTech event. September 2003 Agent Technology formed its company advisory board with Russell Bate as a key member. Russell was a global vice president of Marketing for SUN Microsystems and an ABC board director. Aug/Sept 2003 Agent Technology was a finalist in the national IT Innovation Awards (Australia, "secrets of IT success" competition). Judges included PricewaterhouseCoopers, Austrade, Nokia and Cisco. April 2003 Agent Technology received investment from SUN Microsystems Asia Pacific Investment Review Board. March 2003 At Managing Director level, Agent Technology's innovation strategy was supported by customer groups TIR and SIW representing hundreds of millions in annual revenue. Late 2002 Agent Technology received COMET funding from the Commonwealth Government. Late 2002 Completion of working prototype and proof-of-concept for a peer to peer network of intelligent software agents that delivers a solution providing superior supply chain visibility and a reduction in procurement errors. Brief Company description The company is a start-up seeking investors. It is currently based in Australia. While it has drawn on expertise from local universities it has also drawn on the skills of contractors originally from Germany and the USA. The company has been working closely with a group of retailers and wholesalers in Australia to develop the product. It seeks investment to commercialise its current development package, the current prototype and market know-how, by first establishing pilots in Australia and then working toward traction in market segments in China and the USA. Agent Technology has received support and investment from Sun Microsystems Asia Pacific Investment Review Board and the Australian Government. No seed funding to date has required equity. Year Established 2002 Ownership Private Equity investment/Exchange symbol SUN Microsystems Asia Pacific Investment Review panel provided some seed investment and support that did not require equity. Principal investors Private & self funded to date Industry sector Market segment: Enterprise software/Software applications; and also - very broadly - communications through the network layer of the solution (using distributed peer to peer and VPN solutions). Technology/Market Information Succinct product line description: Resource Discovery in Pervasive Environments: The Search For Real Time Information; Finding Up-To-Date Data When You Need It. Providing a network allowing businesses (and individuals) to both publish and search for real-time information in circumstances or environments where it is important to do so; e.g. concerning business sectors that have perishable products, high price volatility or markets that have other factors generating ever-present but unpredictable change. Agent Technology provides an intelligent software agent based network that has the ability to revolutionize supply chains involving small & independent businesses. It is a highly scalable disruptive technology. It offers a low-cost product that satisfies price sensitive customers in the first instance. Being a secure peer to peer network, it can grow organically and even scale up to solve a domestic or international trade requirement. The product allows small companies that sell to or buy from large organizations to inexpensively implement supply chain communication. The Opportunity: The information on the Internet is very dynamic: quite often search engines refer to information that has moved to another, unknown location, or has disappeared, or is totally out of date. Search engines do not learn from these searches, and they do not adjust themselves to their users. Moreover, with standard search engines a user cannot receive information updates upon one or more topics or products, i.e. perform certain searches automatically at regular intervals. A person searching often doesn't truly know if information delivered in a search engine (like Google) is a day old, a week old or three months old. The problem is likely to continue as the amount of data expands on the Internet. Searching information this way, using traditional search engines, becomes a very time-consuming activity. Our approach offers a guaranteed way for people to search for and receive real-time information. Approx 95% of all stores in North America are single owner stores - Deloitte 2002. A sample group of independent stores, Independent Grocers Association (IGA), has aggregate global sales of approx $20 billion annually. Our product reduces costs and error rates in supply chain communication between producers, retailers and wholesalers. Initial clients and early adopters: independent wholesalers and retailers in Australia that collectively have an annual turnover of approximately $500 million AUD. This includes over 1000 small & micro retailers, many of which process orders manually. (Note: A.T. Kearney states 3.5% of total sales are lost each year in the U.S. grocery industry due to supply chain information inefficiencies.)