AI assistant
INFOCUS GROUP HOLDINGS LIMITED — Capital/Financing Update 2017
Apr 2, 2017
65103_rns_2017-04-02_de04ab42-30db-49c8-9d24-71b42a2ec31c.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [36 x 381] intentionally omitted <==
==> picture [536 x 51] intentionally omitted <==
3 April 2017
Australian Securities Exchange ( ASX ) Level 40, Central Park 152-158 St George's Terrace Perth WA 6000
R&D TAX INCENTIVE OFFSET REFUND RECEIVED
Wangle Technologies Limited ( ASX: WGL ) ( Wangle or the Company ) is pleased to announce the receipt of a Research and Development ( R&D ) Tax Incentive Scheme cash rebate from the Australian Tax Office of $739,870 for the twelve-month period to 30 June 2016.
The additional funding will boost Company’s capital reserves and support upcoming operational and marketing investment as the company shifts focus to refine, commercialise and grow its revolutionary Wangle VPN network and associated products.
- ENDS -
For further information, please contact:
Wangle Technologies
Wangle Technologies
Sean Smith Loren King MD and CEO Company Secretary p: +618 6489 1600 p: +618 6489 1600 [email protected]
ABOUT WANGLE TECHNOLOGIES
Wangle Technologies has developed patented algorithms to optimise data flow between devices. It allows faster data transfer and reduces data overhead, while enhancing security and privacy. Wangle’s
==> picture [596 x 77] intentionally omitted <==
==> picture [36 x 381] intentionally omitted <==
==> picture [536 x 51] intentionally omitted <==
technology provides compelling value to consumers and to service providers looking for innovative low cost solutions to manage network capacity in the face of unprecedented growth in data consumption.
==> picture [596 x 77] intentionally omitted <==