News: DataDot Technology hits the capital raising road

Technology company DataDot Technology (ASX:DDT) has been granted a trading halt by the ASX pending details of a material capital raising.

DataDot operates in a very unique space in developing theft deterrent and asset identification technologies, which then has the potential to lead to new markets for the company.

The technology works by marking each asset with a unique and individual code.

This code is then recorded on a secure database and matched with other asset and ownership identifiers. In some cases the code is the primary manufacturer's identifier – for example a car’s Vehicle Identification Number.

Recently DataDot said that progress is being made by the company’s China distributor, DataDot Technology (Asia) Pte Limited (DataDot Asia), in marketing DataTraceDNA in China.

The halt will remain in place until the opening of trade on Friday 3rd October 2014, or earlier if an announcement is made to the market.