Chair-elect introductory letter

Rakon Limited
T +64 9 573 5554
8 Sylvia Park Road, Mt Wellington, Auckland 1060, New Zealand
Private Bag 99943, Newmarket, Auckland 1149, New Zealand
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Letter to Shareholders
To Our Valued Shareholders,
I am writing to you as the independent Chair-elect of Rakon. I want to start by saying thank you for the trust
you’ve placed in the company - especially those who have been shareholders over many years.
Rakon’s technologies underpin some of the most advanced and demanding systems in the world and I believe the
company is at a pivotal moment, with significant opportunities ahead.
My background includes senior leadership roles at IBM, VERITAS, Symantec, Neustar, and NetApp. I’ve also served
on boards during periods of strategic transition and high-growth execution. Across these experiences, one lesson
is clear: companies that combine disciplined strategy with strong governance and a deep commitment to
innovation can scale, create jobs, and deliver exceptional outcomes for shareholders - whether through billion-
dollar valuations, acquisition, or long-term value creation.
At Rakon, I see that potential. This is an iconic New Zealand company with a proud legacy and a unique global
footprint. Its technologies underpin some of the most advanced and demanding systems in the world, from
satellite constellations and defence platforms to 5G infrastructure, secure communications, and emerging AI
applications.
With world-class engineering talent, deep expertise in timing and frequency control, and strong global customer
ties, Rakon is well placed to meet growing demand across communications, aerospace, defence, and AI.
Increasingly, these sectors are recognising the strategic importance of sovereign technology - capabilities that
nations must develop and control within trusted supply chains. Rakon is one of the few companies globally with
the know-how and credibility to deliver in this context.
Rakon is also uniquely positioned to leverage New Zealand’s leadership in quantum science and photonics - two
research domains that are likely to define the next wave of innovation in timing and frequency control. We intend
to strengthen our engagement with local research institutions to ensure that Rakon remains at the forefront of
this technological frontier.
We are also seeing increased interest from international technology investors, who view Rakon as an attractive
opportunity and understand the strategic relevance of our technology. As Chair, I will work to ensure that we
engage with these opportunities thoughtfully, and always with a clear focus on long-term value creation for all
shareholders.
To those shareholders who have supported Rakon through product cycles, market shifts, and global change: thank
you. Your commitment has helped build the company we are today. As a recent appointment to the Rakon board,
I acknowledge that the value of your investment may not have lived up to expectations over time. We know this
can be frustrating, and it's something the board and leadership team take seriously as we work to deliver better
outcomes for our shareholders. Rakon can lead globally, and disciplined governance will be decisive in converting
opportunity into value for all shareholders.
Rakon has the building blocks to become not only a leading New Zealand technology company, but a globally
recognised player in an increasingly strategic field. My role as Chair will be to ensure that Rakon continues to grow
with ambition and always with an eye toward delivering value for every shareholder, large or small.
I look forward to working with the Board, the management team, and all of you to help realise that opportunity.
Warm regards,
Dr. Mark Bregman
Chair-elect Rakon Board
Rakon Limited