PrimaryMarkets

Asset Name: Explosive Trace Detection System – Capital Raising


Asset ID:
Categories: Securities, Unissued Securities
Sale Type: Asking Price
Price Guide: AUD Up to A$6M capital raising
***COMPLETED - OVER-SUBSCRIBED***

Status: Closed

Summary:

Read the latest business development highlights in the Member Section by clicking on Get More Details.

View a Corporate Video and a Webinar with the company CEO click on Get More Detail 

This Australian company has launched the world’s first explosive trace detection (“ETD”) system to detect trace amounts of home-made inorganic explosives. There is no ETD system that detects inorganic explosives currently in the global US$1B ETD market, yet inorganic explosives are the main threat in many countries.

The technology has been successfully evaluated by global regulators (Fraunhofer / German Federal Police) and major manufacturers (Smiths Detection, the global leader in aviation security) following over a decade of R&D involving security agencies and research institutions in the US, Australia and Europe. The company has also completed a distribution agreement with Federal Resources, a market leader and significant distributor into the US Department of Defence. Please view the system in their catalogue - http://www.federalresources.com/product/greyscan-etd/ for more information.

The core team of business and market development personnel in US and Australia are in place, with the first product release in mid 2018.

Raising A$6m to transfer the product to production, establish initial manufacturing facilities, and strengthen sales and service channels.

 

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