Company Profile: TZ Limited

INTRODUCTION

TZ Limited is an Australian public company that generates revenue from the licensing of its patented intellectual property and operating software, as well as providing application engineering and technology development services to manufacturers in the automotive, aerospace and construction industries. TZ Limited employs approximately 160 people, and is listed on the Australian Stock Exchange under the code TZL. The company operates in Australia, the US, the United Kingdom and Ukraine.

HISTORY / BACKGROUND

1986 - The Company was incorporated in New Zealand as Pharmol Pacific Pty Ltd. It changed its name to CUC Australia in 1992, CUC Australasia Limited in 1993, Cendant Australasia in 1998, CED Australasia in 2002 and its present name in 2004.

1987 - The Company was listed on the New Zealand Stock Exchange and the Australian Stock Exchange.

1992 - The Company converted its principal activities to home shopping, electronic cataloguing and credit card enhancements.

2001 - The Company secured more than 90% shareholding in Cendant Asia Pacific Pte Ltd.

2004 - January: CED Australasia acquired Telezygology Inc, a company incorporated in the US, resulting in a shift to the Company's current principal activities. The Company subsequently changed its name to TZ Limited.

May: TZ Limited and Textron Fastening Systems entered into a partnership agreement. Both companies agreed that Textron was to pay US$5 million to TZ for the exclusive market rights for Intelligent Fastening in the aerospace and automotive sectors.

June: The Company sold one of its non-core subsidiaries, Golf Link Partners Pty Ltd.

2005 - March: The Company acquired Chicago based Product Development Technologies and associated companies comprising the PDT Group

2006 - March: The Company acquired MQube Design from MQbd LLC.

September: The Company secured the sale of a FutureWall Technology License to Techbuilt Interiors Pty Limited.

2007 - January: The Company acquired the Inteviar business unit from Acument Global Technologies Inc. of the US.

PRODUCTS

TZ Limited divides its operation into two business divisions:

Engineering and Design - The Company has presence in the US, the United Kingdom and Ukraine. This division provides application engineering and technology development services to manufacturers in the automotive, aerospace and construction industries.

Investment - The Company investment activities take place predominantly in Australia.