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archTIS chief executive officer Daniel Lai buys more shares

The company is preparing for the commercial launch of its Kojensi Gov cybersecurity platform in April 2019.

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Lai’s total holding has increased to 7,374,252 shares

archTIS Ltd (ASX:AR9) chief executive officer Daniel Lai has purchased 90,000 shares at 11 cents each through on-market trades.

The $9,900 purchase increases his total shareholding to 7,374,252 shares.

READ: archTIS prepares for commercial launch of Kojensi Gov cybersecurity platform in April

The company is preparing for the commercial launch of its Kojensi Gov cybersecurity platform in April 2019 after completion of beta testing with the Commonwealth Attorney General’s Department (AGD).

The beta testing will gather feedback on interface usability and utility of Kojensi Gov’s features for the secure sharing of classified information.

Formal user testing by AGD is scheduled to start this month, ahead of the commercial launch which remains on track for April 2019.

Quick facts: archTIS Ltd

Price: 0.195 AUD

ASX:AR9
Market: ASX
Market Cap: $26.49 m
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archTIS signs first defence industry contract with major player Northrop Grumman

archTIS (ASX: AR9) CEO Daniel Lai joined Proactive’s Steve Darling to discuss the company signing their first contract in the defence industry with Northrop Grumman. Lai discusses the contract and what is does the company as a whole. Lai also told Proactive about a key reseller contract...

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