re: re-reading the ann.
Copy of my post on SS... Hi gdb,
IMHO the ASX is probably seeing this activity as a result of the Announcement. KR made some every interesting statements in that ann. You need to flesh-out the ann. down to it's bare bones. Now once you have done that ask yourself what is it that KR is telling us.
Cheers, Brantley
Here are a few of those Statements:
QUOTE
QR Sciences Limited, a world leader in advanced explosive detection today announces that its first commercial product is nowavailable to the market. The Company's product is a state of the art Nuclear Quadrupole Resonance (NQR) system, which scans for a range of previously difficult to detect explosives.
QUOTE
QRSciences systems are available now for delivery. In addition to supplyingequipment, the company will also derive revenue by providing customisation, integration, installation and service support.
QUOTE
"Fully integrated, this offering will expand the utility of today's X-ray systems with a complementary, highly accurate and automated explosive detection capability not available from any other similar technology."
QUOTE
"Every piece of existing equipment is a potential candidate for the technology. In addition to the unparalleled growth this sector has seen during the past two years, there is also a lot of equipment out there with the potential to add the QR solution," states Mr. Russeth.
QUOTE
QR Sciences technology has been successfully tested by the US Transportation Security Administration (TSA), and determined to be an "Advanced Technology" explosive screening system. The technology has also been extensively trialled and tested over the past four years by authorities, regulators and airports in the United States, Canada, European Union including the United Kingdom and Australia.
QUOTE
============================== ASX LODGEMENT COVER PAGE Company: QRSciences Holdings Limited Code: QRS HOMEX: Perth Document Date: 16/08/04 Document Ref : 171 Release Time: Immediate Subject: QRSCIENCES COMES TO MARKET Holdings Limited News Release QRSciences come to market with practical NQR explosive detection solution Perth, 16 August 2004 -
QR Sciences Limited, a world leader in advanced explosive detection today announces that its first commercial product is now available to the market. The Company's product is a state of the art Nuclear Quadrupole Resonance (NQR) system, which scans for a range of previously difficult to detect explosives.
The NQR system comprises a functional QR assembly including coil, transmit and receive electronics, signal acquisition, signal processing and control subsystems and operates as a stand-alone unit with its own user interface. The device is suitable for integration with existing systems and new screening products currently under development.
QRSciences systems are available now for delivery. In addition to supplying equipment, the company will also derive revenue by providing customisation, integration, installation and service support.
"We are pleased to bring a practical solution to the marketplace that will significantly enhance airport screening beyond its present capability," comments Kevin Russeth, Chief Executive Officer of QRSciences Limited. "Fully integrated, this offering will expand the utility of today's X-ray systems with a complementary, highly accurate and automated explosive detection capability not available from any other similar technology."
QR is an emerging technology ideally suited to detection of a range of materials including difficult to detect explosives. The combination of QR and X-ray technology provides a security solution dealing with a breadth of threat scenarios more comprehensive than previously possible.
In excess of 50,000 X-ray systems are in use worldwide for security applications. QRSciences' solutions can add significant functionality to these systems in addition to new explosive detection solutions currently in the development phase. "Every piece of existing equipment is a potential candidate for the technology. In addition to the unparalleled growth this sector has seen during the past two years, there is also a lot of equipment out there with the potential to add the QR solution," states Mr. Russeth.
"The QR technique harnesses harmless and relatively low frequency radio waves using QRSciences proprietary software and hardware to identify the chemical structure or unique fingerprint of specific molecules," explains Mr Russeth. "QRS testing has shown the technique can be as accurate as laboratory spectroscopy in identifying the presence of some explosive materials known to have been used in airline bombings and terrorist attacks in the past."
QR Sciences technology has been successfully tested by the US Transportation Security Administration (TSA), and determined to be an "Advanced Technology" explosive screening system. The technology has also been extensively trialled and tested over the past four years by authorities, regulators and airports in the United States, Canada, European Union including the United Kingdom and Australia.
QRS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
