SWITCHED ON: Norwood Systems chief executive Paul Ostergaard (left), Foreign Minister Julie Bishop and Norwood director John Poynton. Photo: Attila Csaszar

New Perth telco wins top backing

Nedlands-based tech company Norwood Systems has enlisted two influential supporters to launch a platform which it says will cut exorbitant mobile roaming costs for corporate clients.

Norwood has developed a cloud services platform to reduce global roaming expenses incurred by mobile phone users overseas.

Chief executive Paul Ostergaard said the system did not require a change in client behaviour.

"We seamlessly utilise their existing systems to route company calls over both the company's own network and our cloud based network," Mr Ostergaard said.

Large firms with many employees travelling overseas could run up monthly bills into the hundreds of thousands of dollars, he said.

Mr Ostergaard said the technology preserved call quality and employees would not have to use calling cards, or different handsets or SIM cards.

Despite a rapid increase in data use for tablets and smart phones, businesses around the world generate $US30 billion ($A33.8 billion) in voice roaming charges, far exceeding business data roaming charges of $US7 billion to $US10 billion.

Broadband provider iiNet had signed up for the platform service, Norwood said.

Foreign Minister Julie Bishop, who recently ran up a high overseas mobile bill, officially launched the platform in Perth on Friday alongside Norwood director and Azure Capital founder John Poynton.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
462ndVDM Group0%-41%
652ndNorwood Systems-33%-4%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

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Total value as at the date of the transaction
Source: Morningstar


134th↓Norwood Systems$1.6m
136th↓VDM Group$1.4m
234 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Norwood Systems

13thPaul Ostergaard$2.233m
63rdDavid Wilson$1.044m
291stMichael Edwards$361k
Ranked by total remuneration from all listed WA companies

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