Xped is also looking at the potential for equity investment by taking on a partner in the company.
While Xped is looking for partners, its technology is already attracting attention and accolades. The company recently won the prestigious South Australian iAWARD for research and development for 2015 for its Auto-Discovery Remote Control (ADRC) platform.
A number of local companies, including a supplier to a large air-conditioning company and an industrial moisture metering company, are now incorporating Xped’s technology in their products and an MOU has just been signed with a Singaporean company with a big presence in temperature sensors.
Xped is also currently shipping 250 units of its ADRC module to a group of developers, ranging from hobbyists to universities and corporates, who use a platform called Arduino – described by Schultz as “the Lego of electronics” – to build electronic devices.
A presence in the commercial marketplace will help to raise Xped’s profile and meet its goal of playing a major role in device browsers.
RYG Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
