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Ann: R&D Contract Signed with UK Ministry of Defence, page-4

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Cameronwalters

73 Posts.

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02/05/18

09:57

Post #: 32819596
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Originally posted by Cameronwalters ↑

So it doesn’t lool like a lot of money but is still very exciting for two reasons.

1. So roughly we have another $130,000 in the bank but the real money is in RND savings, you only have to take a look back at past financials to see what RND cost for the nano to realise what we are potentially saving. Without this contract we would have to engage a third party company to undertake these works costing us big $$

2. They have not direcly said this but this is our fourth product. Yes it is using the backscatter imager tech but is an entirely different product. Where the backscatter imager is designed to be incorporated into a remote controled device and driven up to an IED, this new imager sounds like it will be part of imaging equipment at the sreening points of airports.

Who knows in a few years time you might be getting screened by micro-x imaging devices at the airport. By the way there are 17,678 commercial airports world wide all of which have security sreening, so quite a big market to go into

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R&D R&D R&D

Must have missed my coffee yesterday

MX1 Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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