Australian hi-tech company Micro-X Ltd (ASX:MX1) has received a Purchase Order from the Australian Government for $1.5m of Micro-X Rover systems.
These Micro-X Rover units are currently in inventory and will undergo final modifications in Tonsley, Adelaide before they are due to be delivered in early October 2023.
During the current Quarter, Micro-X has already shipped and invoiced $1.3M of Mobile DR systems, including Rover Plus and Nano systems. This Purchase Order of Rover systems brings the total for the Quarter to $2.8M and has largely been achieved through utilising inventory on hand, which was a strategic focus to convert to cash moving forward.
We are thrilled that the Australian Government has placed an order for our Rover systems. The government’s purchase of our x-ray systems demonstrates the robustness and utility of our lightweight x-ray technology and goes to our core purpose of creating revolutionary imaging to better lives,” Micro-X Chief Executive Officer, Kingsley Hall, said.
“With this order, our re-energised sales team has delivered a total of $2.8M in sales and orders of Mobile DR units this Quarter, which means we have progressed well in our previously announced strategy of increasing sales and converting our inventory into cash.”
Micro-X is commercialising a range of innovative products for global health and security markets, based on proprietary cold cathode, carbon nanotube (CNT) emitter technology. The electronic control of emitters with this technology enables x-ray products with significant reduction in size, weight and power requirements, enabling greater mobility and ease of use in existing x-ray markets and a range of new and unique security and defence applications.
