Perth-based safety equipment developer Mobilarm has completed a $2 million convertible note issue, as it cranks up a new strategy focused on rental rather than sale of its man-overboard safety beacons.
Perth-based Marine safety equipment developer Mobilarm has signed a $1.8 million rental contract for the supply of the new sMRT V100 beacon and sMRT life jacket to the international fleet of geoscience organisation Polarcus DMCC.
Perth-based marine safety equipment provider Mobilarm has signed a contract to supply 218 of its Crewsafe V100 locating devices to the Fire and Emergency Services Authority.
Marine safety equipment manufacturer Mobilarm says it is likely to become cashflow positive in financial year 2012 after reducing its operating loss by 34 per cent to $4.1 million for the year to J
Perth-based Mobilarm hopes that recent contract wins and a UK acquisition will accelerate the take up of its marine safety equipment in the international offshore oil and gas sector.
Marine safety equipment provider Mobilarm has achieved further progress in commercialising its submariner locator beacon, with the United States navy agreeing to purchase $300,000 worth of test units and engineering services.
Marine safety equipment company Mobilarm has been admitted to the Australian Securities Exchange after successfully completing a $2.3 million initial public offering.
Perth company Mobilarm plans to seek a third extension to the closing date for its $4 million initial public offering, highlighting the patchy demand for new sharemaret floats.
Perth marine safety company Mobilarm has called off its float on the Australian Securities Exchange after missing a critical deadline for processing its initial public offer funds.
A $5 million initial public offering is on the cards in the coming months for Applecross-based company Mobilarm, which launched its new commercial marine safety product this week at the Offshore Technology Conference in Houston, US.
