archTIS Ltd (ASX:AR9) has been granted a trading halt by the ASX with a capital raising announcement pending.
The trading halt will be in place until the beginning of regular ASX trade on Monday, May 11, 2020, or when an announcement is released to the market, whichever occurs earliest.
Shares last traded at 7.5 cents and are up from 4.5 cents at close on March 25.
Sales and marketing focus
archTIS is focused on the sales of marketing of its Kojensi Gov and Kojensi Enterprise products with a sales pipeline targeting the Australia, New Zealand, USA and Europe markets.
The company has also launched a campaign to target the Australian Defence industry supply chain, including the generation of new multi-million-dollar opportunities through partnerships with major global system integrators.
In addition to contracts with Federal Government, AR9 is pivoting to target:
- Companies with high global compliance requirements; and
- Universities which have a requirement to store, share and manage very sensitive data in a secure fashion.