Metal Storm Limited (ASX: MST)(NASDAQ: MTSX) today announced its intention to raise up to $25 million of new capital in stages, opening with a Share Purchase Plan to raise up to $10 million and to give as many shareholders as possible the opportunity to participate.
QRSciences (ASX: QRS) (PNK: QRSHY), a developer of advanced sensor and detection technology announced today that, through its wholly-owned subsidiary QRSciences Corporation, it has finalised a transaction for the acquisition of up to 27.4% of Spectrum San Diego Incorporated (Spectrum).
Metal Storm Limited (Metal Storm)(ASX: MST) and Electro Optic Systems Holdings Limited (EOS) today announced the unveiling of the Redback Weapon System prototype at the Asian Aerospace and Asian Defence Technology Exhibitions in Singapore.
Metal Storm Limited (ASX: MST)(PNK: MTSXF)(NASDAQ: MTSX) and Singapore Technologies Kinetics (ST Kinetics) are pleased to announce the successful firing of a range of jointly-developed, stacked configuration low velocity 40 mm electrically ignited munitions (EIM). The firings included high explosive (HE) munitions; enhanced blast explosive (EBX) munitions and air burst munitions (ABM). Less than lethal (LTL) munitions development will be undertaken in the future.
Defence technology company Metal Storm Limited (ASX: MST) today announced the appointment of Dr Peter Jonson as non-executive director, effective today.
Advanced technology developer, QRSciences (ASX: QRS), has taken a major step in an effort to build upon its core asset by acquiring an option to purchase 14 patent families linked to the emerging technology Quadrupole Resonance (QR).
Metal Storm Limited (ASX: MST) today announced that its subsidiary Metal Storm, Inc had been awarded a two year contract worth approximately A$975,000 from the US Army's Armament Research, Development and Engineering Center (ARDEC) for the design, prototyping and demonstration of Metal Storm less-than-lethal munitions. The company had advised the market on 21 November 2005 that this contract was expected.
