QR bolsters US revenue

Tuesday, 27 January, 2004 - 21:00

QRSCIENCES Holdings’s 61 per cent owned subsidiary QRSciences Limited has sold two further prototype QR scanners in North America and will earn more than $600,000 in 2004 from the sale and ongoing consulting services.

The company would only identify the purchaser as a US-based Fortune 500 company specialising in defence electronics.

QRSciences Limited specialises in quadrapole resonance imaging, a technique that can be used to identify explosive and pharmaceuticals in things such as people’s luggage.