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Hansen Technologies Outlines Future Direction

  • 13 June, 2008 13:16

<p>Sydney - 13 June 2008</p>
<p>Hansen Technologies Limited (ASX: HSN), is pleased to announce that at Wednesday’s General Meeting shareholders approved both of the resolutions submitted for consideration and as a result Hansen will proceed with :</p>
<p>* Payment of 2 cents per share Return of Capital to its shareholders in accordance with the arrangements specified in the Notice of Meeting;</p>
<p>* The Record date for determining entitlements to participate in the Capital Return is 20 June 2008 (as a result the EX date will be 16 June 2008), and</p>
<p>* the date for payment is 27 June 2008.</p>
<p>* Amendments to the Constitution, as specified in the Notice of Meeting, to enable the Company to sell unmarketable parcels of shares in the Company.</p>
<p>The payment of this Capital Return when combined with the three dividends paid in September 2007, December 2007 and March 2008 brings the distribution to shareholders in the last 12 months to a total of 7 cents per share.</p>
<p>After the formal resolutions were approved, Andrew Hansen, CEO, spoke to the meeting and presented his thoughts and provided answers on the current financial year and the company’s future direction as follows:</p>
<p>• Hansen is firmly focused on its core competencies of delivering billing solutions into the Energy and Telecommunications markets;</p>
<p>• We remain focused on those geographies and industries where deregulation and technology advances are mandating change to billing solutions;</p>
<p>• We continue with our underlying principle of maintaining ownership of the intellectual property in our proprietary software solutions;</p>
<p>• We have developed a strong base of annuity revenues and we plan to continue to grow this type of foundation revenue stream;</p>
<p>• We have an objective to be at the forefront of new technologies affecting our areas of core competency, evidenced by our projects with;</p>
<p>* Western Power in West Australia to enable billing on the HUB solution of up to 1 million interval meters, and</p>
<p>* TESCO in the UK for advanced billing functionality in a mobile telecommunications billing solution.</p>
<p>• We have achieved profitability across all of our 3 geographic areas of focus, (Australian, United Kingdom and Japan) as well as our core industry markets (Energy and Telecommunications);</p>
<p>• We have an active campaign to identify and execute on a growth via acquisition strategy and to this end we have recently employed a Senior Manager to drive this initiative; and</p>
<p>• We recently announced an upgrade to our Fiscal 2007/8 operating outlook with a forecast of $40 million plus revenue, an EBITDA estimate of $20 million and after tax profit approaching $15 million.</p>
<p>Our initiatives in the coming years include:</p>
<p>• Commercialising our investment in the HUB billing and customer care solution suite into the world wide trend for growth in the roll out of interval meters in the electricity and gas industries as well as our exciting new functionality for mobile telecommunication billing;</p>
<p>• Developing an indirect distributor model for commercialising these solutions into markets where direct selling by Hansen would be either inappropriate or beyond our short to medium term growth capabilities;</p>
<p>• Expand into a new geographic market where demand for billing solutions is being driven by technology change or deregulation;</p>
<p>• Identify and integrate appropriate acquisitions which are compatible with our existing core business.</p>
<p>About Hansen Technologies (</p>
<p>Hansen Technologies Limited is a leading provider of proprietary billing solutions and IT outsourcing services. Its flagship HUB billing software solutions have application across the Telecommunication, Electricity and Gas industries. HUB is increasingly providing the solution for the needs of energy companies as the push towards market deregulation expands and into telecommunication companies as they pursue convergence and rationalisation. Hansen provides facilities management and outsourcing services from its purpose-built data centres located in Melbourne. Hansen also supports the Classic Superannuation administration solution. Founded in 1971, Hansen has offices in Australia and the United Kingdom.</p>

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