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MICRO-X LIMITED — Capital/Financing Update 2022
Dec 6, 2022
65388_rns_2022-12-06_cc347123-24d8-4f15-9c96-372821a050e8.pdf
Capital/Financing Update
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Micro-X Limited, ABN 21 153 273 735
MICRO-X RECEIVES $3.9M R&D TAX INCENTIVE
Adelaide, Australia, 7 December 2022 : Australian hi-tech company Micro-X Ltd (ASX:MX1) (Micro-X or the Company), a leader in cold cathode x-ray technology for health and security markets globally, is pleased to advise that it has received a Research & Development (R&D) Tax Incentive, net of income tax payable, of $3.9 million for the financial year ended 30 June 2022.
The cash rebate from the Australian Tax Office is related to the expenditure on eligible Australian R&D activities conducted during the 2021/2022 financial year.
This ASX announcement is authorised by Kingsley Hall, Company Secretary of Micro-X
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About Micro-X
Micro-X Limited (the Company) is an ASX listed hi-tech company developing and commercialising a range of innovative products for global health and security markets, based on proprietary cold cathode, carbon nanotube (CNT) emitter technology. The electronic control of emitters with this technology enables x-ray products with significant reduction in size, weight, and power requirements, enabling greater mobility and ease of use in existing x-ray markets and a range of new and unique security and defence applications. Micro-X has a fully vertically integrated design and production facility in Adelaide, Australia. A growing technical and commercial team based in Seattle is rapidly expanding Micro-X’s US business.
Micro-X’s product portfolio is built in four, high margin, product lines in health and security. The first commercial mobile digital radiology products are currently sold for diagnostic imaging in global healthcare, military, and veterinary applications. An X-ray Camera for security imaging of Improvised Explosive Devices is in advanced development. The US Department of Homeland Security has selected Micro-X to design a next-generation Airport Checkpoint Portal with self-service x-ray. A miniature brain CT imager for pre-hospital stroke diagnosis in ambulances, is being developed with funding from the Australian Government’s Medical Research Future Fund.
For more information visit: www.micro-x.com
CONTACTS
| Micro-X Limited | Investor Enquiries |
|---|---|
| Peter Rowland, Managing DirectorKingsley Hall, CFO and Company SecretaryRebecca Puddy, Head of Corporate CommunicationsTel: +61 8 7099 3966E:[email protected] | David Allen / John GrangerHawkesbury PartnersTel: +61 2 9103 9494E:[email protected] [email protected] |
Micro-X Limited, ABN 21 153 273 735, 1284 South Road, Tonsley, South Australia, 5042, AUSTRALIA