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Clipfort’s GoSafe ID Mag product incorporates a touch fingerprint sensor to authenticate the owner of a firearm to use the weapon.

Israeli firms come to ASX

The developer of a gun safety device has become the fifth Israeli company in the technology or medical cannabis sectors to pursue a listing on the ASX through either an IPO or a reverse takeover of a moribund WA mining company.

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Comments

Adelaide
With all the current talk about this from Democrats in USA, I think horizon looks good for this product. It shouldn't annoy the gun lobbies as much as it doesn't change any gun in anyway, except provide option for gun safety.

United States
How do you short-sell on the ASX? I read the Clipfort acquisition document and this is going to end poorly. The 310 million firearms/47% of households figures are pure fantasy. There is no existing market for this product in the United States and very little prospect for one developing. Although the technology appears sound, it is of no interest to the proponents of "smart guns" (so as to ban all the others) and current gun owners would be indifferent at best. That leaves those who do not currently own a gun, but might be persuaded to buy one for self-defense if they thought it was child-safe. How do you reach these people? Where do they live? How about a Clipfort customer showing exactly that in a Youtube video? This could work, but probably not and good luck with an Australian-Israeli venture developing a new American market. Omer Kotzer will find it tough-going peddling child-friendly Glocks in Portland. Topeka won’t give him the time of day; New York and Los Angeles sales will be somewhere between non-existent and impossible.

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