Vivid Technology : Announces Strategic Collaboration with Woodside

ASX ANNOUNCEMENT, 28th November 2018

VIVID TECHNOLOGY ANNOUNCES STRATEGIC NEW CUSTOMER COLLABORATION WITH WOODSIDE

• - Vivid Technology announce strategic new customer collaboration with Woodside to jointly develop Industry 4.0 smart lighting solution for the LNG sector

• - Project will deliver improved efficiency, reliability, cost savings and safety for Woodside

• - Collaboration will also bring Industry 4.0 communications and data capability to Hazardous area environment through Internet of Things (IoT) lighting

• - Strategically valuable collaboration boosts Vivid Technology's profile in petrochemical and resource market segment

Vivid Technology Limited (ASX: VIV) is pleased to announce a commercial partnership with Australia's leading energy company, Woodside Petroleum Limited (ASX: WPL), to jointly develop an Industry 4.0 smart lighting solution for a major natural gas liquification process.

This opportunity was developed out of Woodside's Plant of The Future sponsored initiatives, which brought world leading industrial companies together to share experience, know-how and challenges in creating a "Plant of The Future" vision. Woodside and Vivid Technology have agreed to collaboratively work to advance hazardous-area approvable IoT enabled technologies through distributed sensor and lighting technology.

The project will see Vivid Technology leverage its industry knowledge, IP and expertise to further develop its MATRIXX® smart LED lighting system as a retrofit solution for Hazardous Area compliant lighting systems, with similar efficiency capabilities while meeting stringent industrial safety requirements. Woodside's funding contribution to the project, will provide them access to the new technology which will significantly improve energy efficiency, reliability and energy cost savings while also transforming Woodside's LNG plants into digitally enabled sites.

This opportunity continues to validate Vivid Technology's capabilities in developing new world leading technologies, with large innovative companies to develop, design and build ground-breaking solutions, using our highly versatile system across a range of unique, highly-specialised production settings, further strengthening Vivid Technology's growing sales pipeline.

Vivid Technology's Managing Director Sam Marks noted: "This major strategic collaboration with Woodside illustrates Vivid Technology's growing profile among industry-leading companies around the company's world-class technology and commercial expertise.

Vivid Technology Pty Ltd. (ASX: VIV) ABN: 60 120 710 625

T: [phone] E:[e-mail] vividtechnology.com.au HQ: Level 2E, 53 Victoria Harbour Promenade, Docklands Vic 3008

"This project will provide us with another excellent blue-chip customer and differentiated offering, supporting our business development efforts across the oil and gas industry, while further validating our ability to meet critical sector-specific requirements."

About Vivid Technology

Vivid Technology Limited is a multi-award winning, diversified, innovative Australian clean technology company that delivers intelligent energy efficiency solutions and carbon reduction through IoT and CO2-to-fuel conversion technologies.

Vivid Technology has a range of patented clean tech solutions, including innovative and intelligent IoT Industry 4.0 MATRIXX® lighting platform. Vivid's MATRIXX® unique intelligent lighting control system combines a state of the art, human centric lighting system with unrivalled energy efficiency, reducing lighting energy costs by up to 90%. Delivering exceptionally high energy efficiency savings and carbon reductions, MATRIXX® captures and converts smart data to provide site intelligence for industrial and infrastructure sectors. Vivid's technology is easily installed and provides businesses the infrastructure for an IoT and industry 4.0 future. Vivid Technology is full turn key solutions partner.

Vivid Technology Limited is aB Corp™ certified and EcoVadis Siler Accredited company, which highlights the company's approach to driving business solutions with a strong corporate social responsibility.

Vivid Technology -www.vividtechnology.com.au

About Vivid Industrial

Vivid Industrial is a subsidiary of Vivid Technology, providing customised, intelligent and energy efficient cloud based solutions for industrial and infrastructure clients. The "internet of lights" and "cloud based monitoring" delivers quantifiable efficiencies and significant cost savings with environmentally sustainable benefits for businesses. Going beyond engineered design and installation, Vivid Industrial is a turnkey solutions business partner, offering solutions to suit custom lighting, cost and energy efficiency needs. Vivid Industrial is your complete intelligent lighting solutions partner with a base of blue chip, industrial companies.

Vivid Industrial -www.vividindustrial.com

About Vivid Ilumalite

Vivid Ilumalite specialising in creating highly effective, energy-saving and human centric LED lighting solutions, for commercial and government clients, that generate significant cost savings and reduce environmental impact. Ilumalite, has a reputation as a highly regarded and valued turnkey solutions partner deliverings exceptional tailored lighting results.

Vivid Ilumalite -www.vividilumalite.com

About NewCO2Fuels

NewCO2Fuels is a subsidiary of Vivid Technology. NewCO2Fuels' cutting-edge technology profitably converts CO2 into multi-purpose fuels (Diesel, Methanol or Hydrogen) and Oxygen.

NewCO2Fuels -www.newco2fuels.co.il

For Further Information Contact

Raphael Fiorini

Chief Commercial Officer Vivid Technology LTD

T: [phone] | M: [phone] E:[e-mail]

Nadya Krienke-Becker

Chief Marketing Officer Vivid Technology LTD

T: [phone] | M: [phone]

E:[e-mail]

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