We have closed the non-institutional part of our third funding round with subscriptions slightly above our target. Also, the leading UK institutional investor who initiated this third funding round is in the final stages of their due diligence.
We want to thank our growing base of investors – we have achieved a tremendous amount in the past year and a half (e.g. with the successful development of our flexible and lightweight body armour prototypes), and we are well on track for our GCL armour to be available for sale by mid-2018. In the new year, we will begin work on our aerospace composite and Lightning Harvester R&D projects as well.