NXR - Time Table - Commercialisation

Milestone Indicative Timetable / Commercialisation Notice Activities:


July 16th 2015:
Completion of due diligence - the parties have satisfactorily concluded their due diligence investigations. (notice received)

July 16th 2015:
Release of notice of meeting in respect of Acquisition - Nemex is currently advancing the documentation required to complete the acquisition in September 2015 (Received)

July 21st 2015:
Issue Capital Raising prospectus - prospectus which is expected to be issued during August 2015 (moved to August)


August 18th 2015:
Hold general meeting in respect of Acquisition - Pending

August 21st 2015:
Completion of Capital Raising - pending

September 2015:
Expected completion of acquisition (documentations fast tracked and in process) - Pending

September 7th 2015:
Re-quotation on ASX - pending

Commercialisation Announcement Activities:

July 16th:
advancing its commercialisation strategy, continuing to improve and refine the performance and usability of Wavefront’s unique multi biometric system, and on developing new intellectual property to enhance the system’s competitive advantages.

July 9th:
The executive management of Wavefront Biometric Technologies Pty Ltd (Wavefront) has just completed a second successful roadshow to North America. The objectives of this trip were to (i) advance discussions with existing potential commercial partners and introduce the technology to new parties in the banking/finance and military/defence sectors; and (ii) engage with US financial intermediaries and potential US investors. Commercial and investment interest in Wavefront and its technology continues to be positive and as a result further visits to North America are now planned to occur regularly as Wavefront advances its commercialisation strategy.

June 10th:
- Wentworth Group Capital Partners and Intrasia Capital advised Wavefront on the HOA and have been mandated to manage a capital raising of a minimum of $5 million in order to fund the planned increased commercialisation activities.

- “The acquisition will consolidate the ownership of Wavefront’s unique biometric technology and ensure the Company is fully focussed on the successful commercialisation of the technology. “

- ongoing commercialisation activities, including presentation of the technology to leading mobile device manufacturers, technology companies and defence industry groups in North America and Asia.

** The above expected time dates are notice of subject to change - Apologies for my morning negativity, expectations got the better of me. Keep on keeping on NXR

Buy - Hold!