|| Securities, Unissued Securities
|| Asking Price
|| AUD Up to A$6M capital raising
***COMPLETED - OVER-SUBSCRIBED***
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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
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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