BluGlass is in a good place.
1. Record ATO R&D rebate of $7.3 million confirmed and will be in the bank any day now.
2. CLAWS initial contract and funding confirmed $2m+
and should be received shortly.
3. Additional CLAWS projects including additional funding to look forward to.
4. CLAWS project is funding BLG new product development and will lead to sales within the US Department of Defence and elsewhere.
5. BluGlass recently appointed a highly qualified full time CFO with deep experience in companies in a similar position to BluGlass. I believe this guy did his research.
6. CLAWS is just beginning - four more years of funding for NPD.
The only question I have right now is around the CLAWS funding. Given this money is to be spent on research and development, does it qualify for the Australian R&D rebate and if so can we count on getting 50% back on all that expenditure? Amazing really.
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