Good to see AlertPLUS opportunities are gaining momentum with International manufacturing companies !
Sydney, Australia – Simavita Limited (ASX: SVA) (“Simavita” or the “Company”) is pleased to confirm the receipt of $695,039 under a Receivable Finance Facility secured by the Company’s 2017 Australian Government’s Research and Development Tax Incentive. Simavita has bought forward receipt of these funds in order to rapidly progress its discussions with a number of international manufacturing companies regarding its new transformational platform technology AlertPLUS™. The R&D Tax Incentive is an Australian Government program developed to assist businesses recover some of the costs of undertaking research and development. Under this program companies receive cash refunds for 43.5% of eligible expenditure on research and development.
SVA Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
