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ONE CLICK GROUP LIMITED — Capital/Financing Update 2019
Jan 2, 2019
64250_rns_2019-01-02_7eb6827d-43d9-4699-852d-3bbce89bb61b.pdf
Capital/Financing Update
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ASX RELEASE
3 JANUARY 2019
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US NAVY PROJECT CONTRACT
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Aquabotix awarded an approximately US$70,000 contract in support of a U.S. Navy project.
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The project will involve further developments to Aquabotix’s SwarmDivers[TM] .
Sydney, Australia and Fall River, Massachusetts, USA - UUV Aquabotix Ltd (ASX:UUV) (“Aquabotix” or the “Company”) today announces that it has been awarded an approximately US$70,000 contract to support a United States Navy project. The project will involve further developments to Aquabotix’s SwarmDiver[TM] product. This initial development project will conclude with a testing and demonstration to various U.S. Navy personnel.
Whitney Million, Aquabotix’s Chief Executive Officer, commented, “This is a second project involving SwarmDiver[TM] and the United States Navy, in the last seven months. SwarmDiver[TM] can be used broadly, in numerous mission types. This development contract will provide greater flexibility in the systems’ use while maintaining the benefits of conducting an unmanned mission. Aquabotix is excited to once again be afforded the opportunity to support the United States Navy while expanding its own capabilities. We look forward to demonstrating this transformative technology advancement.”
Further Information
Whitney Million Chief Executive Officer Email: [email protected] Tel: +1 508 306 9503
About UUV Aquabotix Limited
Based in Sydney, Australia and Fall River, Massachusetts, USA, Aquabotix is an established underwater robotics company which manufactures and sells commercial and industrial-grade underwater drones for commercial, high-end consumer and military applications. It is also the first company globally that is offering commercially-available swarming underwater drones. Please visit www.aquabotix.com
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