Lucrative Deal!25 Jul 2019 12:14
The primary purpose for the funds is to part fund the manufacture of the equipment to be shipped and installed under the $3.48m USD contract for container screening solutions to two ports in Asia, which the Company announced in April 2019. The Company is now in possession of non-transferrable Letters of Credit and with this funding now in place we can get this lucrative project underway immediately, rather than wait for trade finance around the LCs to be finalised.