Security technology outfit QRSciences Holdings is set to sell its loss-making Perth subsidiary to US company, Rapiscan Systems Inc, for $US150,000 ($A162,069) cash.
QRSciences Holdings Ltd has entered into a share exchange agreement with a United States company to sell its private arm that specialises in developing technology systems in a scrip and cash deal worth $A12 million.
Cannington-based security technology group QRSciences Ltd has announced the commencement of trials of its explosives screening system with the Federal Department of Transport and Regional Services.
Cannington-based QRSciences Ltd associated company Spectrum San Diego Inc will negotiate with the US Transportation Security Administration for the manufacture of its Castscope screening system - used to screen heavy bandages and prosthetic limbs.
Cannington-based QRSciences Ltd has recorded an operating loss of $3.7 million despite a profit increase of 27.3 per cent - with the company hoping to break even at the earnings before interest and tax level by the end of the financial year.
Cannington-based security technology group QRSciences Ltd's US-based partner Rapiscan Systems has received an order from the US Government for two baggage screeners, for which it will provide two resonance subsystems.
Perth-based security technology group QRSciences Ltd announced the airport security device using its quadruple resonance technology, the Clear registered traveller kiosk, has won US Government approval for a nation-wide rollout.
Perth-based security technology group QRSciences Ltd has announced it has been in contact with a number of parties which have expressed an interest in acquiring all or parts of the QRSciences business.
Perth-based security technology group QRSciences Ltd has reached a preferred pricing and licensing rights agreement with US company, Rapiscan Systems, for its developed technology.
Cannington-based technology developer QRSciences Ltd has received an investment of $1 million from its Australia, New Zealand and Oceania distributor XTEK Ltd.
Through its wholly-owned subsidiary QRSciences Corporation, it has finalised a transaction for the acquisition of up to 27.4% of Spectrum San Diego Incorporated
Listed technology firm QRSciences has secured a deal with the Chinese Institute of Atomic Energy (CIAE) to develop a security screening system for the 2008 Beijing Olympics.
EXPLOSIVE detection systems maker QRSciences has won the Guy Manson award at the ANZA Technology Network Conference in the Silicon Valley, California.The award is given to the most promising technolog
EXPLOSIVE detector maker QRSciences has announced plans to establish employee share plans to help keep key staff and attract new staff to the company.QRSciences CEO Kevin Russeth said fund managers ha
CANNINGTON-BASED explosion detection specialists QRSciences Limited has entered into a licence agreement with major US security provider L-3 Communications Security Systems Corporation.
LOCAL explosives detection technology development company QRSciences has signed a licensing deal with global advanced technology developer and integrator Lockheed Martin that runs until 2009.
18 Mar 2003
Subscribe today for award-winning, unbiased and trusted journalism
