First $1.2m school contract: We have now signed our first full contract with a US school district for GC Shield active shooter protection. This is a $1.2m, two-year multi-phase contract, and several other schools and places of worship are in our sales pipeline. These flagship installations will drive further growth.
Extended UK funding round: Following our 1.7x subscribed £0.5m UK funding round in March, we have received additional investor requests – and so we have decided to extend this funding round until the end of August. Despite the fact that our investment proposition has strengthened considerably since March (e.g. with the patent examiner’s approvals, signed customer contract and NASA technology partnership) we will keep the share price the same as in the Feb/Mar investment memorandum, i.e. 161.5p per share. This round still qualifies for EIS tax relief; in order to limit the processing costs, there will be a minimum investment of £1,000. If you would like to invest, please get in touch and we will send you the March investment memorandum with an addendum of investor updates.