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VINYL GROUP LTD — Capital/Financing Update 2013
Dec 9, 2013
66014_rns_2013-12-09_8fbe58e4-e256-4e9e-8ffb-48517e080a91.pdf
Capital/Financing Update
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ASX CODE: MBO
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ASX ANNOUNCEMENT AND MEDIA RELEASE
Date: 10 December 2013
**Mobilarm
announces
A$1.5
million
rental
agreement**
-
New
financing
model
to
secure
long
term
cash
flows -
Validation
of
new
sMRT
V100
product
Mobilarm
subsidiary
Marine
Rescue
Technologies
today
announced
the
signing
of
a
five
year
rental contract
for
the
supply
and
service
of
the
new
sMRT
V100
beacon
to
the
international
fleet
of
CGG,
a
world leading
geoscience
organisation.
MRT
CEO
Ken
Gaunt
commented:
"The
award
of
this
contract
further
validates
the
technology
and
the approach
we
have
invested
in
to
secure
a
leading
foothold
in
the
global
Man
Overboard
market."
"CGG
conducted
a
number
of
sea
trials
and
MRT's
sMRT
V100
was
selected
from
various
competitive products."
he
added.
"We
continue
to
build
our
rental
and
service
base
and
are
thrilled
to
have
secured such
a
prestigious
and
respected
customer."
The
sMRT
V100
is
the
second
of
3
new
products
to
be
launched
to
the
global
market.
The
value
of
the
contract
is
in
excess
of
AUD$1.5
Million.
Ends
-‐Ends-‐
Further details
Ken Gaunt
Chief Executive Officer
Email: [email protected] Tel.: +61 417 961 770 Tel.: +44 782 731 4442 www.mobilarm.com