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    TYM   AU0000028706

TYMLEZ GROUP LIMITED

(TYM)
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Tymlez : HBAR Foundation Strategic Partnership And $1M USD Grant

03/21/2022 | 05:59pm EST

For personal use only

COMPANY ANNOUNCEMENT

HBAR FOUNDATION & TYMLEZ ANNOUNCE STRATEGIC PARTNERSHIP AND $1M USD GRANT

STRATEGIC PARTNERSHIP

AND $1M USD GRANT

22/03/2022

ASX: TYM

TYMLEZ Group Limited ("TYMLEZ" or "Company") is delighted to announce a strategic partnership with the HBAR Foundation Sustainable Impact Fund, which funds projects focused on increasing transparency in environmental markets on the Hedera network.

Governed by some of the world's largest organisations, Hedera is a 3rd generation distributed ledger, providing TYMLEZ with capabilities not possible through legacy blockchain technologies. This gives TYMLEZ the ability to offer fully scalable, enterprise grade, sustainability reporting solutions, comprising signed, real-time, granular, carbon relevant data, ingested directly from IoT devices.

TYMLEZ Group Limited | ACN 622 817 421 16 Nexus Way, Southport, QLD, 4215

03 8395 5446

For personal use only

TYMLEZ will partner with HBAR Foundation to develop one of the world's most secure, trusted, and scalable carbon reporting solutions for ESG compliance, Guarantee of Origin (GO), and Voluntary Carbon Market (VCM) ecosystems, leveraging TYMLEZ's ability to ingest encrypted and verified data directly from IoT devices.

As part of the partnership, TYMLEZ has been awarded a US$1 million (approx. AU$1.4 million) grant by the HBAR Foundation, a fund dedicated to growing the Hedera ecosystem, and will receive US$100,000 (approx. AU$140,000) as an upfront payment. The grant will be progressively drawn down by TYMLEZ on the achievement of development milestones over the term of the grant (4 years). TYMLEZ does not expect to incur any material expenses associated with claiming down on the grant. Either party is eligible to terminate the grant for non-performance.

The grant, which has taken immediate effect, is benchmarked against the successful delivery of 10 key milestones including the delivery of closed and open-source software (where TYMLEZ will remain the sole owner and retain exclusive usage rights to closed source software and be compensated for the usage of any open source software), development of digitised carbon policies, hardware integration, and customer onboarding.

The partnership is the culmination of six months of close collaboration between TYMLEZ and the HBAR Foundation to develop leading edge carbon reporting solutions for ESG compliance, GO, and VCM ecosystems, not yet available in the marketplace. This close working relationship has enabled a robust integration between the TYMLEZ Platform and the open source Guardian on Hedera.

Partnering with the HBAR Foundation is expected to enable TYMLEZ to accelerate the rollout of solutions with industry partners and governments in Australia and abroad. The capabilities of the TYMLEZ Platform are now further enhanced by the support of Hedera's innovative technologies.

Prior to the partnership, TYMLEZ had been developing its own blockchain technology known as TBSP (TYMLEZ Blockchain Solution Platform). With recent advances in blockchain technology, TYMLEZ completed a migration of relevant

TYMLEZ Group Limited | ACN 622 817 421 16 Nexus Way, Southport, QLD, 4215

03 8395 5446

For personal use only

TBSP modules to the new TYMLEZ Platform to overcome scalability constraints that would have otherwise limited the Company's growth opportunities. TYMLEZ will continue the evolution of its technology on the Hedera network.

After an extensive global search, and researching several leading blockchain and distributed ledger platforms, TYMLEZ is excited to use the Hedera network with its ability to process large numbers of transactions with a predictable fee structure, its public consensus service, and low energy usage - all directly aligned with TYMLEZ's core strategic focus and ethos of "sustainability first."

Hedera offers the greenest1,2 distributed ledger platforms in the world, with energy usage as low as 0.00017 kWh per transaction. This provides TYMLEZ's clients with the assurance that when their requirements grow, the solution remains cost effective and most importantly, green.

Speaking on the partnership, TYMLEZ CEO, Daniel O'Halloran, said:

"The TYMLEZ team are incredibly honoured to be the first Australian recipient of this grant from the HBAR Foundation's Sustainable Impact Fund. We are committed to delivering secure and trusted ecosystems to our clients that not only generate trusted and verifiable ESG reports or certificates, but provide a level of accuracy and transparency to our clients that is unmatched in the market.

Working with Hedera has been crucial in securing recent pilot programs with major state governments and resource sector clients. We see the grant which we have been awarded by the HBAR Foundation today, as the next step in our further integration with the Hedera ecosystem. We look forward to an ongoing and prosperous relationship between our organisations."

Rob Allen, Senior Vice President - Ecosystem Acceleration, from the HBAR Foundation said:

"TYMLEZ is a proven leader in Web3 solutions. At the HBAR Foundation we are supporting TYMLEZ's growth as they use Hedera to accelerate their business through adopting and scaling open source, decentralized climate technology."

TYMLEZ Group Limited | ACN 622 817 421 16 Nexus Way, Southport, QLD, 4215

03 8395 5446

For personal use only

Wes Geisenberger, Vice President - Sustainability and ESG, from the HBAR Foundation said:

"TYMLEZ is paving the way for institutional adoption of Distributed Ledger Technology. Through the adoption of the Guardian and implementation of the TYMLEZ Platform in government and enterprise TYMLEZ will be improving auditability of emissions, guarantees of origin, and carbon offsets making it easier for ESG transparency at scale."

TERMS

TYMLEZ anticipates the drawdown of the grant to be:

Period

Value (USD)

FY22 Q3

$

50,000.00

FY22 Q4

$

145,000.00

FY23 Q1

$

60,000.00

FY23 Q2

$

200,000.00

FY23 Q3

$

75,000.00

FY23 Q4

$

50,000.00

FY24 Q1

$

50,000.00

FY24 Q2

$

50,000.00

FY26 Q4

Up to $

220,000.00

Note, due to the customer driven nature of the milestones some milestones may be achieved in quarters other than the ones listed above.

Authorised by the TYMLEZ Board of Directors.

//End

For any queries relating to this announcement, please contact investors@tymlez.com

TYMLEZ Group Limited | ACN 622 817 421 16 Nexus Way, Southport, QLD, 4215

03 8395 5446

For personal use only

ABOUT HEDERA

The Hedera network is the most used3, sustainable, enterprise-grade public ledger for the decentralized economy. The platform is governed by a council of the world's leading organizations, including Avery Dennison, Boeing, Chainlink Labs, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, IBM, the Indian Institute of Technology (IIT), LG Electronics, Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, Ubisoft, University College London (UCL), Wipro, and Zain Group.

For more information, visit www.hedera.com, or follow us on Twitter at @hedera, Telegram at t.me/hederahashgraph, or Discord at www.hedera.com/discord. The Hedera whitepaper can be found at www.hedera.com/papers.

Hedera Governing Council

TYMLEZ Group Limited | ACN 622 817 421 16 Nexus Way, Southport, QLD, 4215

03 8395 5446

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

TYMLEZ Group Ltd. published this content on 21 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2022 22:59:03 UTC.


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Sales 2021 0,00 M 0,00 M 0,00 M
Net income 2021 -3,65 M -2,59 M -2,59 M
Net cash 2021 4,52 M 3,21 M 3,21 M
P/E ratio 2021 -5,89x
Yield 2021 -
Capitalization 21,8 M 15,5 M 15,5 M
EV / Sales 2020 114x
EV / Sales 2021 80 322x
Nbr of Employees -
Free-Float 42,6%
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