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VIRTUALISATION Digislide slides onto ASX
VIRTUALISATION Digislide slides onto ASX | Digislide slides onto ASX |
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| by Stephen Withers | |
| Monday, 24 August 2009 | |
  
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The South Australian company has developed technology allowing the production of miniature video projectors intended for use with phones, cameras and notebooks. The first model, the Digishow, went on sale earlier this year. The 6x11x2cm, 140g device can project a VGA source at sizes from 53cm to 186cm. A business-oriented version called the DigiPro should reach the market before the end of the year, and the company has also designed a series of projectors designed for use with Playstation, Wii and Xbox gaming consoles. There's also the MantaRay, a home video projector with a built-in TV tuner, capable of displaying a recommended 1.5m image. "Ten years ago our early local investors backed the company because of the exciting technologies being developed out of South Australia. Recently, investors have seen the potential of burgeoning international markets and potential for return on investment," said CEO Luceille Outhred. "For sometime now, our focus has been on securing future shareholder returns by concentrating on generating revenue throughout key markets of Australia, Asia, Europe and America. These will be brought about through the ongoing development of alliances and joint partnerships and bringing the best possible miniature projection technologies to market," she added. Digislide's shares were issued at $A1.25. At the time of writing, the last trade had occurred at $A0.80. "Raising funds within current market conditions is certainly not easy and investors are definitely reluctant to invest in an early expansion stage company," said Barry Dawes, managing director of underwriter Martin Place Securities. "However, in the case of Digislide, it was clear to both institutional and private investors that the company offers a unique opportunity to share in a truly global technology with rapid acceptance," he added. |
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