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■ SCIDEV Unit 1 8 Turbo Road Kings Park NSW 2148 Australia ABN 25 001 150 849 Email : projects@scidev.com.au Website : www.scidev.com.au ASX code : SDV Companies Announcements Office Australian Stock Exchange 29th October 2021 For personal use only Strong quarterly recurring revenue delivers net cash from operations Quarterly Activities Report : Appendix 4C - September 2021 SciDev Ltd ( ASX : SDV ) ( ' SciDev ' or ' the Company ' ) is pleased to provide its Quarterly Activities Report for the period ended 30 September 2021 . Q1FY22 Highlights ■ Q1FY22 cash receipts of A $ 12.4m and sales of A $ 10.4m ( versus A $ 14.7 and A $ 13.2m respectively in Q4FY21 ) Over 95 % of revenue during the period was generated from ongoing recurring contracts as travel restrictions limited one - off project and services revenue during the period ( FY 2021 : 75 % of revenue was generated from recurring contracts ) SciDev maintains a strong pipeline of project and services work with both activity levels and revenue expected to build over the remainder of FY22 as travel restrictions ease Net cash from operations of A $ 0.5m with cash and equivalents of A $ 5.4m at the end of Q1 Commenced the first commercial production of a new liquid polymer technology Continued focus on increasing profitability of product lines The completion of a scoping and feasibility study for the expansion of our Australian manufacturing capacity Growing pipeline of customer engagement across the PFAS sector , specifically within the mining industry and infrastructure sectors Healthy progression of business development opportunities with ongoing field qualifications advancing across numerous sites First shipment of SciDev MaxiDry chemistry from Australia for the North American tunnelling sector Page 1