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archTIS in trading halt with capital raising news pending

The company’s Kojensi product is an industry-leading information security platform.

archTIS Ltd - archTIS in trading halt regarding a capital raising
Kojensi provides a robust platform for sharing sensitive or classified information

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.

Quick facts: archTIS Ltd

Price: 0.18 AUD

ASX:AR9
Market: ASX
Market Cap: $29.04 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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