Inside Ownership                   Ordinary Shares    Net Value at $0.70

Michael Lampron                    3,408,590                    $2,386,013

Robert Bazzani                        414,900                       $290,430

Eliot Siegel                              346,100                       $242,270

Dyan O’Herne                         390,000                       $273,000

Rebecca Thompson                69,934                         $48,954

Total                                        4,629,524                    $3,240,667

*Market Cap ~$168.8m at $0.70 per share

Bio from investor relations

Rob Bazzani -Non-Executive Chairman

Rob has spent the past 20 years with the global consulting firm KPMG, where he rose to the top and served as Chairman of KPMG Victoria, National Managing Partner for KPMG Australia’s Enterprise Division and National Managing Partner for KPMG’s M&A Division. Whilst in these roles, Rob was a member of KPMG’s National Executive Committee (NEC), which oversees and is responsible for the Firm’s turnover, strategic decision making, profitability and operations. Rob has a demonstrated track record of leading and growing large scale and complex businesses. He has played a significant role in advising clients (public, private, and global subsidiaries) on commercial maters, public transitions, corporate governance, M&A and has engaged with Government and Regulators. With extensive experience in corporate advisory, Rob has deep commercial and industry knowledge across financial services, asset and wealth management, property, insurances and consumer & industrial markets.

Mike Lampron - Managing Director

Mike is the Chief Executive Officer of Mach7 Technologies. With over 20 years of experience in business and operational management for Healthcare IT companies, Mike brings a broad experience ranging from private start-up organizations as well as long established companies such as IBM and GE. Mike was previously the Chief Executive Officer for a National Teleradiology Company and has a proven ability to drive results through a combination of astute analysis, innovative execution and cross-functional teamwork. Mike is responsible for our customers’ success while driving excellence throughout Mach7.

Eliot Siegel, MD -Non-Executive Director

Dr. Siegel is a well-known thought leader in the world of radiology and imaging informatics and artificial intelligence applications in medicine. He is currently Professor and Vice Chair of information systems at the University of Maryland School of Medicine, Department of Diagnostic Radiology, and the Chief of Radiology and Nuclear Medicine for the Veterans Affairs Maryland Healthcare System, both in Baltimore, MD as well as adjunct professor of computer science and biomedical engineering at the undergraduate campuses of the University of Maryland. Under his guidance, the VA Maryland Healthcare System became the first filmless healthcare enterprise in the World. He has written over 300 articles and book chapters about PACS (Picture Archiving and Communication Systems) and digital imaging, and has edited six books on the topic, including Filmless Radiology and Security Issues in the Digital Medical Enterprise. He has given more than 1,000 presentations throughout the world on a broad range of topics involving the use of computers in medicine and artificial intelligence. Dr. Siegel was symposium chairman for the Society of Photo-optical and Industrial Engineers (SPIE) Medical Imaging Meeting for three years and has been honored as a fellow in that organization as well as the American College of Radiology. He is also a Board member of Carestream Health, a billion-dollar global company in digital radiography and computed radiography systems and serves on numerous advisory boards in medical imaging.

Rebecca Thompson -Non-Executive Director

Rebecca has deep experience in financial markets with senior roles at global investment banks, most recently at J.P. Morgan, and with listed companies over her 30-year career to date. Since mid-2022 and until her September 2023 appointment as head of investor relations at ASX-listed building materials company CSR Limited, Rebecca was a consultant to Mach7. Rebecca’s professional experience spans the property, resources, fintech and charitable sectors with a strong focus on sustainability and ESG. She holds a Bachelor Degree in Economics from the University of Sydney and has a graduate qualification in finance and investment.

Dyan O'Herne - Chief Financial Officer

Dyan is the Chief Financial Officer of Mach7. Prior to becoming CFO, she spent seven years in various financial controller roles within Mach7. With the benefit of tenure and leadership positions, Dyan has a deep knowledge of the Company’s finances, operations, history and culture.She is a Chartered Accountant with more than 25 years’ experience in senior finance roles including with Aon Insurance Managers and PricewaterhouseCoopers immediately prior to joining Mach7.

Major Contract Timeline

·      December 2023 Sentara Healthcare new 5-year subscription agreement The total minimum value of the renewal is A$10.2m and will generate Annual Recurring Revenue (ARR) of approximately A$2.0m. Sentara Healthcare is one of the largest health systems in the Mid-Atlantic and Southeast of the United States. It is among the top 20 largest not-for-profit integrated health systems in the country with 30,000 employees and 12 hospitals in Virginia and North eastern North Carolina. https://announcements.asx.com.au/asxpdf/20231214/pdf/05ykf5sz7n5w6z.pdf

·      September 2023 contract extension with Authority of Hong Kong, renews five-year service and support agreement total value of $15.26m. The agreement is for a five-year extension of HAHK VNA and eUnity Support and Maintenance along with professional services that will be delivered and recognized on an as needed basis through the contract extension. The total value of the extension is $15.26m, with a recurring revenue value of $12.36 ($2.47m annually) that will be recognized over the course of the extension. The professional services component is $2.9m which will be delivered and recognized over the course of the extension on an as needed basis. https://announcements.asx.com.au/asxpdf/20230928/pdf/05vdg5vrbkt5t5.pdf

·      July 2023 Diagnostic Imaging Associates signs 5 year subscription licence to provide eUnity to Diagnostic Imaging Associates (DIA). As part of the contract, Mach7 will provide its eUnity Diagnostic Viewer solution to DIA for general diagnostic interpretation and mammography diagnostic reading. Based on a subscription licensing model, the contract expands the use of eUnity beyond an original 75,000 annual study agreement for mammography remote reading to a licence covering the full spectrum of eUnity’s diagnostic tools for 1.2 million studies annually, a 16-fold volume increase. The new contract has a TCV of A$3.7 million and will add A$0.64 million to ARR. https://announcements.asx.com.au/asxpdf/20230721/pdf/05rtxp1jd5snrj.pdf

·      July 2023 Veterans Health Administration Phase I potential TCV of A$11.7M; potential to increase to A$59.6M with Phase II. The VHA NTP is Veterans Affairs’ in-house teleradiology service which has been providing 24x7 service to VHA facilities for over a decade. The NTP currently supports 125 sites across all 18 Veterans Integrated Services Networks (VISNs) and is projected to interpret between 1.0 and 1.5 million studies annually. https://announcements.asx.com.au/asxpdf/20230703/pdf/05r6ylg3lmgvmd.pdf

·      March 2023 Adventist Health System orders Mach& PACS for remaining 15 contracted hospitals. A contract regarding Adventist Health’s PACS replacement program for its 22 hospitals was announced in January 2021. The initial, overarching agreement was valued at over A$7.9 million and included A$2.4 million of sales orders for the first seven hospitals. The remaining order forms for 15 hospitals have now been received and have a value of A$7.1 million including scope expansion. https://announcements.asx.com.au/asxpdf/20230309/pdf/45mh5pv7zws74n.pdf

Previous Contract History Refer to other straw

Major Contract Timeline

·      January 2023 Akumin Total Contract Value of ~$16.7m 10 year term. Largest customer contract in Mach7’s history. Entire Enterprise Imaging Platform including its Vendor Neutral Archive (VNA), eUnity Diagnostic Viewer and Workflow Applications to provide a true cloud-based, enterprise-wide imaging and informatics solution. Headquartered in Florida, Akumin is a national leader in comprehensive outpatient radiology and oncology solutions and a partner of choice for U.S. hospitals, health systems and physician groups. Akumin provides fixed-site outpatient radiology and oncology services through a network of 234 owned and/or operated centers; a mobile division with 300 semi-trailers; as well as outpatient radiology and oncology solutions to approximately 1,000 hospitals and health systems across 48 states. https://www.asx.com.au/asxpdf/20230103/pdf/45kbnyvyzqn0p7.pdf

·      December 2022 Nuvodia Total contract value of ~$2.5m over five year term. The agreement with Nuvodia involves Mach7’s entire Enterprise Imaging Platform including its Vendor Neutral Archive (VNA), eUnity Diagnostic Viewer and Workflow applications to provide a true enterprise wide PACS solution for healthcare providers. Headquartered in Spokane Washington, Nuvodia is a national IT and radiology service provider that creates, manages, and supports mission-critical IT environments. Nuvodia has a long history of providing enterprise-class technology solutions to independent radiology practices, outpatient imaging centres and community hospitals. https://www.asx.com.au/asxpdf/20221220/pdf/45k0b2820ws5jb.pdf

·       November 2022 St Paul’s Hospital Hong Kong, $1.52m one year contract - agreement with St. Paul’s Hospital involves Mach7’s entire Enterprise Imaging Platform including its Vendor Neutral Archive (VNA), eUnity Diagnostic Viewer, Universal Worklist and additional workflow tools together with Support and Professional Services. St. Paul’s sister hospital, St. Teresa’s, is an existing Mach7 customer. https://www.asx.com.au/asxpdf/20221125/pdf/45j1ktvz2pdmx0.pdf

·      June 2022 Cabell Huntington A$2.8m five year agreement. Renewal has converted from a five year capital term license to a subscription based volume license with potential upside based on volume expansion. https://www.asx.com.au/asxpdf/20220621/pdf/45b39s59v8888w.pdf

·      September 2021 Trinity Health announced it has received purchase orders for its Mach7 Enterprise Imaging Platform, eUnity Diagnostic Viewer, eUnity Enterprise Viewer, and Mach7 Universal Worklist from Trinity Health (“Trinity”). These initial purchase orders have a combined value of $3.6 million for software and services which is expected to be recognised this financial year. Following the software being deployed in the live environment at Trinity, these orders will contribute a further $3.8 million in support fees over the next seven years, taking the total contract value of this initial order to $7.4 million. These orders follow the 7-year contract Mach7 signed with Trinity for the eUnity Enterprise Viewer, announced to ASX on 13 November 2020. https://www.asx.com.au/asxpdf/20210928/pdf/450yv2vghhvwpv.pdf

·      August 2021 St. Luke’s, Boise, $443K for first year for eUnity universal viewing solution. The contract has the option for annual renewals of $389,000 per year for an additional five years. St. Luke’s Boise is Idaho’s largest health care provider and the flagship of St. Luke’s Health System. https://www.asx.com.au/asxpdf/20210803/pdf/44yyzmkcg69n54.pdf

·      July 2021 Adovocate Aurora Health $4.3m initial five year support term. It has licensed its eUnity universal viewing solution to AAH. AAH now utilizing the full suite of Mach7 solutions. The contract provides for volume expansion pricing and the ability for AAH to extend the initial term at agreed pricing. https://www.asx.com.au/asxpdf/20210719/pdf/44ydzffjb15417.pdf

·      May 2021 University of Vermont Medical Centre $730k of subscription fee revenue over five years with potential upside if contractual minimum annual imaging procedure volumes are exceeded. UVM previously purchased a license to the Mach7 Enterprise Imaging Platform (EIP) in 2017. Today its added eUnity Viewer. https://www.asx.com.au/asxpdf/20210506/pdf/44w821tx99w9ts.pdf

·      January 2021 Adventist Health A$7.9m Five year contract (support and maintenance). Mach7 initially contracted with Adventist in April 2020 to provide its eUnity Diagnostic Viewer and Mach7 Universal Worklist to Adventist Health Tulare, one of the hospitals in the Adventist Health network. Today, Mach7 (via its subsidiary) has signed a contract amendment with Adventist Health to provide its full PACS solution, including the Mach7 Enterprise Imaging Platform, eUnity Diagnostic Viewer, Mach7 Universal Worklist, Mach7 QC Module, and Mach7 Clinical Portal. The Mach7 PACS solution is part of the Adventist PACS replacement program which is being rolled out across all 22 of its hospitals. https://www.asx.com.au/asxpdf/20210125/pdf/44rzlqq2h0r1xx.pdf

·      November 2020 Trinity Health (USA) A$5.26m, 7 year contract for eUnity Enterprise Viewer. Trinity is the fifth largest healthcare Integrated Delivery Network (IDN) in the USA. This contract will see Mach7s eUnity enterprise viewer being installed across 92 hospitals located across 22 states.https://www.asx.com.au/asxpdf/20201113/pdf/44ptt54wljtk24.pdf

·      May 2020 Hamad Medical Centre in Qatar, $840k p.a. top provide continued support for its enterprise imaging platform. This renewal contract represents a 25% uplift (per year) to previous annual support agreements. Mach7’s Enterprise Imaging Platform currently manages more than 230 million images for HMC, which constitutes over 90% of Qatar’s clinical imaging requirements. https://www.asx.com.au/asxpdf/20200520/pdf/44hz7kmnwx8lg0.pdf

·      May 2020 Hospital Authority Hong Kong A$4.8m for large purchase order for its software includes a license to the Mach7 enterprise imaging platform, licenses to its partner’s “eUnity” enterprise viewer, and additional Mach7 gateways. https://www.asx.com.au/asxpdf/20200514/pdf/44htj06xgqljnc.pdf

·      August 2019 St. Teresa’s Hospital in Hong Kong. Estimated contract value of $950 across a 5 year term. St. Teresa’s Hospital, a private hospital located in Kowloon, Hong Kong. Provide Enterprise Imaging Platform, Universal Worklist, QC Workflow and migration engine to consolidate its existing siloed Picture Archiving Communication Systems (PACS) into a single system. https://www.asx.com.au/asxpdf/20190822/pdf/447r02gwbj6k7k.pdf

·      July 2019 Advocate Aurora Health minimum contract value of A$5.7m across a 5 year term. An integrated healthcare network headquartered in Milwaukee, Wisconsin. Contracted to provided its Enterprise Imaging Platform to store and manage images across its healthcare network. Also purchased the migration engine to migrate ~3.5 petabytes of data. https://www.asx.com.au/asxpdf/20190709/pdf/446gznkmpbkl9s.pdf

·      March 2019 Sentara Healthcare selects Mach7 for PACS Modernisation. With existing annual support fees, Mach7 will earn a minimum of $850K guaranteed annual subscription fees from Sentara. These subscription fees will increase where study volumes exceed the contracted minimums. https://www.asx.com.au/asxpdf/20190328/pdf/443v8tf9b006y0.pdf

·      October 2018 Authority of Hong Kong Initial 5 year term with deal value of A$15m Optional further 5 year term. To provide its Enterprise Imaging Solution. The hospital Authority manages 43 public hospitals and institutions. https://www.asx.com.au/asxpdf/20181029/pdf/43zq2w9j8m3l2h.pdf

·      August 2018 Hamad Medical Corporation expands business in Qatar. With new orders expects to recognise revenues from Qatar of at least $1.4m in current financial year. https://www.asx.com.au/asxpdf/20180823/pdf/43xlr3x6x22n58.pdf

·      June 2018 Raleigh Radiology expected to generate revenues of at least $1m over the next 5 years. A 5-year term license that includes Mach7 VNA, Communication Workflow Engine, Clinical Studio and iModality. https://www.asx.com.au/asxpdf/20180629/pdf/43w4pd4zhvt3fy.pdf

·      November 2017 Sentara Healthcare US$1.8m for data migration project. To manage a data migration of over 20 million imaging studies to Mach7’s Vendor Neutral Archive (VNA) storage solution. https://www.asx.com.au/asxpdf/20171117/pdf/43pb4mqwfc657h.pdf

·      September 2017 University of Vermont Medical Centre Multiyear agreement, first year deal value US$1.2m with recurring annual support fees beyond. https://www.asx.com.au/asxpdf/20170922/pdf/43mk33wv081gh8.pdf

·      June 2017 RAPA Us Based Radiology Associates, contract value minimum A$1.8m minimum 3 year software licence agreement. RAPA serves the Arkansas community supporting 18 hospitals. https://www.asx.com.au/asxpdf/20170626/pdf/43k5qf7fvw1wkq.pdf

·      September 2016 Sidra Medical and Research Centre (Sidra) Doha, Qatar minimum contract value of A$2m plus ongoing annual support. https://www.asx.com.au/asxpdf/20160906/pdf/439zd3z4m5rb3c.pdf

·      August 2016 MaineHealth minimum value of A$3.8m 7 year software licence. https://www.asx.com.au/asxpdf/20160818/pdf/439dwp51cdhnwk.pdf

·      August 2016 Large U.S University Medical Centre US$800,000 5 year contract https://www.asx.com.au/asxpdf/20160802/pdf/4390yw5mck1v21.pdf

·      May 2016 Premier US Radiology Group A$650K P.A. – software being rolled out to 25 sites following a successful pilot program. https://www.asx.com.au/asxpdf/20160506/pdf/43725qy154lg06.pdf

Capital Raises – Raised $71.3m since 2015, Market Cap today at  $0.74 is $177.3m

·      June 2020 Raises $34.8, Institutional $23.4m, $11.4m Retail at $0.68 per share

·      December 2019 Raises $20m via an equity placement at $0.62 per share

·      November 2018 Raises $3m via a private placement at $0.20 per share.

·      November 2017 Raises $2m via an equity placement to Oceanica Capital Partners at an issue price of $0.175 per share.

·      November 2016 Raises $9m via Institutional placement at $0.04 per share

·      May 2016 Raises $2.5m via Institutional placement at $0.06 per share

·      October 2015 Mach 7 enter into binding merger agreement with3D Medical Limited (3D Medical Raised Capital to buy M7T haven’t included numbers for simplicity)

Acquisitions

·      June 2020 Client Outlook Group CA$38.5m (~A$40.8) is a leading provider of enterprise image viewing technology “eUnity”. Provides Mach7 with a full departmental clinical diagnostic Picture Archive Communication System (PACS) solution offering. https://www.asx.com.au/asxpdf/20200610/pdf/44jjd0sw17tkzj.pdf