DataDot acquires CSIRO's DataTraceDNA stakePublished 11:51 AM,...

DataDot acquires CSIRO's DataTraceDNA stakePublished 11:51 AM, 14 Oct 2010

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Source: News Bites


DataDot Technology Ltd will purchase CSIRO's entire interest in DataTraceDNA Pty Ltd, their joint venture, for $1 million in shares.

CSIRO will assign the DataTrace Intellectual Property to DataTrace, giving the company access to additional potential markets in currency, passports, national identification documents or instruments and national security which have previously been inaccessible under the CSIRO-DataTrace licensing arrangements. This further component of the transaction has an agreed value of $395,015, or a further 9.6 million shares.

The transaction is subject to shareholder approval at DataDot's AGM on November 26, 2010.

CEO Ben Bootle said the acquisition would significantly add to the value of DataTrace?s intellectual property assets. "DataTrace is a strategically important asset for DDT and recent developments and enhancements of DataTrace Technology make it a valuable asset for the authentication and anti-counterfeit market globally," Mr Bootle said.


STOCK DASHBOARD: October 14, 2010

DataDot Technology

Last traded October 13, 2010: 4.90c

Price change from previous trading day: 6.5%

Relative Strength (6 months percentile rank): 80.0

Market capitalisation: $16.9 million

Price/Earnings: 18.1 times

Turnover volume: 14,500,778.0

Volume Index (1 is average): 8.3

Turnover value: $772,143

Turnover period: 9 months

Value of $1,000 invested 1 year ago: $754

Source: www.BuySellTips.com