Pentanet Limited announced that it acquired a 13.4% stake in CANOPUS. Pentanet has executed an MOU to enter a Strategic partnership with CANOPUS. The agreement proposes Pentanet to use CANOPUS analytics as a component in the expansion and co-development of Pentanet's customised gamified network loyalty and incentive platform (Platform), which will be a unique product owned by Pentanet. Designed by Pentanet as a gamified rewards system, the Platform will use the CANOPUS analytics for base network insight to offer a unique network loyalty and incentive program that will create additional recurring revenue-generating opportunities for the Company. CANOPUS will allocate $1.5 million engineering resources to assist Pentanet in building the Platform. Born out of the University of New South Wales, CANOPUS Networks combines programmable networks (software-defined networking) with machine learning to enable deep visibility into network traffic, in real-time, at terabit scale, and for low cost. Pentanet will pay $4 million to purchase a 13.4% fully diluted stake, to be funded from existing cash reserves. Pentanet is entitled to appoint one director to the CANOPUS board while it holds at least a 10% stake in CANOPUS. Mr. Stephen Cornish has provided CANOPUS with his consent to act as director of CANOPUS.