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Xped trades 40 million shares before lunch following deal with Heuresy Labs

Xped has developed revolutionary and patent-protected technology.
Xped trades 40 million shares before lunch following deal with Heuresy Labs
The top five active stocks

Xped Limited (ASX:XPE) is one of the most active stocks on the ASX in morning trade, with 44 million changing hands by 11:30am.

Xped shares have gained 33% to 0.4 cents.

Driving the trade has been a deal with Heuresy Labs LLC.

Under the agreement, Xped will develop a new cryptographic Physical Security Token (PST) which is a hardware security device that provides authentication and encryption.

Xped will use the PST to provide authentication of its gateways and encryption of data from the devices attached to them, allowing the company to serve significant new and expanded markets that require secure Internet of Things solutions.

Xped is not planning to undertake a coin or token offering.

Expanding markets

This new PST security will allow governments, utilities, retail and other industry customers who are waiting for secure IoT solutions to start adopting and benefiting from these applications now because they will be able to use the PST with Xped gateways and devices to build highly secure IoT networks.

Most active stocks in morning trade

Company Code Last Change Trades Volume
Centaurus Metals CTM $0.014 -12.50% 172 53,536,833
Xped Limited XPE $0.004 33.33% 44 44,783,256
Classic Minerals CLZ $0.004 -20% 67 23,901,221
Sundance Energy SEA $0.067 -6.94% 339 23,783,114
Boart Longyear BLY $0.011 0% 17 22,500,000
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Xped Ltd Timeline

January 20 2017
October 14 2016
September 20 2016

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