MIK mikoh corporation limited

Back on 28 July MIK announced a supply & marketing agreement...

  1. 334 Posts.
    Back on 28 July MIK announced a supply & marketing agreement with Telstra, including the following:

    "MIKOH Corporation Limited is pleased to announce that it has entered into a three year Supply and Marketing Agreement with Telstra Corporation regarding the use of MIKOH’s Smart&Secure radio frequency identification (RFID) tag technology in systems deployed by Telstra.
    Key points regarding the relationship are:
    1. Telstra has established an internal RFID group that aims to provide system solutions for both government and commercial end-users.
    2. MIKOH and Telstra will jointly promote MIKOH’s Smart&Secure technology into government and commercial RFID applications where physical security of the tags is a key issue.
    3. MIKOH and Telstra will immediately pursue a number of large-scale projects that the two companies have identified."

    I'm wondering if as part of the T3 push, Telstra briefings have mentioned the MIK deal, or maybe it gets a run in the prospectus?

    I bought in around 9c after MIK announced on 7 Sep it had placed 6 million shares at that price to raise $550k, capital it badly needed after the poor response to its SPP which had raised only $454k.

    Cheers

 
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