Mercurien Pty Ltd announces MOU with Skymeter Corporation

Mercurien Limited and Skymeter Corporation today are pleased to announce a
Memorandum of Understanding (MOU) for the purpose of developing a collaborative
solution for the bundle service for vehicle road pricing.

Skymeter Corporation is a Canadian based provider of financial grade GPS “smart
tags” for the tolling industry. The MOU covers the market development in
Australia and New Zealand.

The combination of financial grade GPS, HD video and transaction processing
capability, opens up a mass deployment solution for road pricing worldwide.

Both companies are now working closely together to develop an integrated
solution.