Ann: Market Update, page-14

12/12/2018

https://www.copyright link/street-talk/familyowner-mayo-hardware-calls-in-pwc-for-review-20181211-h18z1e

“Elsewhere, Singapore-based power line communications company gridComm is in front of Australian fund managers this week seeking to raise $2 million in a pre-initial public offering funding round. 

The deal is structured as the sale of convertible notes and ahead of an ASX-listing planned for 2019.

Fundies were told gridComm provides hybrid power line communications (PLC)-radio frequency (RF) devices and systems that enable the transformation of the electricity grid into a smart city network.

Such a network can be used to connect sensors to measure weather, pollution, traffic, and the like, with street light control software that saves millions of dollars in electricity and maintenance costs.”