QRSciences commences DOTARS trials after rights issue

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.

The news came less than a week after associated company Spectrum San Diego Inc entered into negotiations with the US Transportation Security Administration for the manufacture of its Castscope screening system - used to screen heavy bandages and prosthetic limbs.

Earlier this month, QRSciences issued a prospectus for a non-renounceable entitlements offer to raise $6.7 million, to repay promissory notes issued to New York investment advisers Vision Opportunity Master Fund and Platinum Partners V alue Arbitrage Fund LP for the purchase of Baxall Australia Pty Ltd, and through it, the stake in Spectrum.


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1 year TSR5 year TSR
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462ndWoodside Petroleum3%3%
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519 listed resources companies ranked by revenue.
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Remuneration from Fortescue Metals Group

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