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Secure2Go heading to IPO

by Suzanne|November 30, 2016

Australian investors will have the opportunity to gain exposure to a growing market for industrial Internet of Things (IoT) technology applications when Perth-based Secure2Go debuts on the Australian Securities Exchange later this year.

Secure2Go has lodged a prospectus with the ASX for an Initial Public Offering as it seeks to raise $4 million – $5 million through the placement of shares valued at $0.30 per share.  The offer officially opened on 28 November 2016.

The funds raised will be used to accelerate the company’s business development and customer acquisition initiatives, both domestically and internationally.

With a long track record of operating in the asset management sector, Secure2Go provides a sophisticated hardware-software integrated platform for monitoring remote based assets in real time to corporate enterprises and individuals.

The company has a suite of products which enable its customers to stay connected with mobile assets, particularly vehicles and boats; provide wearable peace of mind for people, especially employees working in remote areas; and provide security for assets such as plant and equipment that may be at risk.

“Ultimately we are in the business of providing peace of mind to our customers,” said Chief Executive Officer, Wesley Lawrence.

“We have identified strong markets, both local and global, for each of our products, and we have customers and commercial trials in progress Australia-wide within the resources and transportation industries.”

Current Secure2Go customers and commercial trials include one of Australia’s biggest mining companies, a global disruptor in the transport industry, luxury boat manufacturers and a number of residential building companies.

The company has a strong management team and board with experience across the telecommunications, marine, resources and contracting sectors.

“We are currently expanding sales domestically and internationally, and the IPO will help us achieve this,” Mr Lawrence said.

Secure2Go has appointed Melbourne based firm Lodge Partners as Corporate Advisors and Lead Managers for the IPO.

As part of its endeavours to ensure all investors are able to participate in the company’s growth, Secure2Go is working with free-access portal OnMarket and equity crowdfunding business Equitise.

The company is working towards an ASX debut in December 2016, with the ASX code ‘S2G’. The IPO will result in a market capitalisation for Secure2Go of approximately $20 million.

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