Cannington-based security technology group QRSciences Holdings Ltd associated company Spectrum San Diego Inc has been awarded a supply contract by the US Transportation Security Administration worth $42 million, the company has announced.
Cannington-based security technology group QRSciences Holdings Ltd has raised around $6.3 million through a rights issue, which it will use to retire convertible notes held by Vision Opportunity Master Fund Ltd and Platinum Partners Value Arbitrage Fund L
Cannington-based technology developer QRSciences Holdings Ltd has acquired an option to purchase 14 patent families linked to the Quadrupole Resonance technology.
QRSciences Holdings Ltd anticipates a contract with Australian Customs Service for work on an advanced weapon detection system will bring at least $2.5 million in sales revenue to the company over the next 18 months.