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Chairman & Director appointed

Chairman and Director appointed to PHMT

Bringing international experience in successful technology commercialisation to PHM Technology

MELBOURNE, Australia, April 13th, 2016

Australian software developer PHM Technology (PHMT) today announced the appointment of a new Chairman and Director to the Company.

Mr Roland Thomas was appointed Chairman of PHMT after several years as a member of the PHMT Advisory Board. Mr Thomas brings a formidable track record of successful technology commercialisation to the Company.

"Roland has direct experience in successfully growing a specialist engineering analysis software company from Melbourne, to a business listed on the NASDAQ with 6,000 deployments in 15 countries and over US$60 million in annual sales," said CEO Mr Chris Stecki. "PHM Technology has similar growth intentions. Roland's experience will be invaluable to help guide us through the next phases of commercialisation and growth."

Mr Assaf Shamia was appointed a Director of PHMT as the representative of the Venture Capital Unit of Siemens (SVC) in Germany following their recent investment in the Company. Mr Shamia has operational experience in software start-ups, lectured on entrepreneurship and over 15 years venture capital experience before he took the role of Investment Principal at SVC in 2015.

"Assaf brings a wealth of operational and transactional expertise to the PHM Technology board," said Mr Stecki. "while his role at SVC provides PHMT with insight into the technology trends that are impacting engineering organizations globally and how we can best position MADe to take advantage of them."

About PHM Technology

PHM Technology (PHMT) is an Australian engineering software company that develops the Maintenance Aware Design environment (MADe). MADe is a model-based engineering decision support solution that provides the integrated analyses required to conduct engineering risk management during design and sustainment of complex systems. MADe is used by aerospace, marine and defence organisations in Australia, China, UK, Turkey and the US. For more information visit: http://www.phmtechnology.com.


Mr Chris Stecki, CEO PHM Technology

E: cstecki@phmtechnology.com

T: +61 (4) 0941 9246

About the Venture Capital Unit of Siemens

The Venture Capital Unit of Siemens (SVC) invests in early stage technology companies and established technology growth companies, focusing on the areas of electrification, automation and digitalization and hence plays a key role in Siemens' global innovation network. The aim is to identify innovative solutions from which Siemens and its customers can profit and to strengthen business partnerships with innovative industry players. To date, the company has invested in about 180 start-up companies worldwide. For more information, visithttp://www.siemens.com/venturecapital.

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