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AR9 - ARCHTIS LIMITED


nipper
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Quarterly out. Getting some money in the door .... enough to avoid a call on capital in the 1H20? Long lead times are the bugbear of the Govt decision making process.

Outlook

 

The company is currently enjoying very strong interest from potential customers in adopting our world-class information security platform. Whilst sales cycles are not unexpectedly long given the nature of government and military sectors, the company is nonetheless confident of its ability to monetise its investment to date in developing the Kojensi platform.

 

Feedback from industry confirms that our solution addresses unmet industry needs and our business model provides a highly affordable offering. Importantly, this same model provides for significant scalable growth as adoption increases and collaboration between organisations increases over time.

 

Our vision is that any group concerned about sharing and protecting the confidentiality, integrity and availability of its sensitive information is doing so using the Kojensi platform.

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More and more need

Australian security agency chiefs and government officials have been actively monitoring the spike in domestic and global cyber hacking during the COVID-19 pandemic, and were working closely with Five Eyes and NATO countries reporting similar online threats.

 

Companies and state governments are being advised by the Australian Signals Directorate and Australian Cyber Security Centre on defence strategies to thwart the industrial-scale cyber hacking campaign.

 

Mr Morrison, who spoke about the cyber threats with British Prime Minister Boris Johnson on Thursday night, said security agencies had not identified any “large-scale personal data breaches†during investigations in recent months.

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  • 2 weeks later...
Getting some money in the door .... enough to avoid a call on capital in the 1H20?
Well, not quite .... and, along came Covid.

a bit of reality creeping in. ... the company was really only at Launch phase, and needing to transform to Scale and Optimise.

archTIS had been focusing on Aust/NZ govt departments, looking to deepen relationships with Defence and Intel, plus looking at contractors, consultants and law firms dealing with govt, both in Aust and internationally. Its slow work.

 

then in May, $1.65 million raised via a Placement to new and existing shareholders at A$0.055 per share

• and a Share Purchase Plan to existing shareholders at the same price of A$0.055 to raise approximately another A$500,000 (actually picked up $570K, so a vote of confidence). (but it was 5.5c, which was low)

Picked up Ombudsman as client, then Curtin Uni for their SKA space tracking program, and after this C/R, Northrop Grumman on board

 

And of course, the whole issue of state sponsored cyber attacks reared up

Australian security agency chiefs and government officials have been actively monitoring the spike in domestic and global cyber hacking during the COVID-19 pandemic, and were working closely with Five Eyes and NATO countries reporting similar online threats.

 

Companies and state governments are being advised by the Australian Signals Directorate and Australian Cyber Security Centre on defence strategies to thwart the industrial-scale cyber hacking campaign.

 

PM Morrison ... said security agencies had not identified any "large-scale personal data breaches" during investigations in recent months.

and suddenly a spike, with SP now around 10c
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Govt will increase spending on cyber security; there are some questions as to how this will flow to companies

CEO of the Australian National University's Cyber Institute Professor Lesley Seebeck said her first reaction to the government's announcement was to be pleased about the substantial investment backing the policy. She said as the United States was withdrawing, Australia had to step up and take on more responsibility for its own security, and that of supporting regional security. However she said there needed to be much more actions taken in the government's broader cyber security strategy to make the investments effective.

 

"I am concerned that the focus of cyber remains within the defence and national security apparatus, though it is understandable in the context of this announcement, which is about defence. That may be the tip of the spear, but the power of the spear comes from the haft: we need more investment in the broader civilian apparatus and community," Professor Seebeck said. "There is a lot more to building programs than simple injections of money—it is not unlike software, where you need to make sure the configuration matches, and if the existing environment is able to support new ways of operating new technologies and new people."

 

Michelle Price the CEO of government-funded cyber industry growth organisation AustCyber said it was timely and warranted for the government to significantly boost the focus and spending on cyber security for the country, in order to better protect the economy and community against increasingly sophisticated cyber risks. However she said she was also concerned about how this increased presence of experts in ASD would work alongside companies' own cyber teams.

 

"It is critically important that government partners with local industry on the delivery of the initiatives. This level of detail in the announcements is yet to surface and many in industry, large and small, are anxious to hear more," Ms Price said. "The forthcoming Cyber Security Strategy needs to recognise the value of industry creation and globally competitive cyber capabilities as complementary mechanisms to government's efforts to push back harder on malicious cyber activity."

 

CEO of cyber security venture accelerator CyRise Scott Handsaker said that, while the funding was welcome on one level, it looked unlikely to be spent on much other than ASD's own capabilities. He said the government needed to think more broadly and that it was more important for ASD to develop a more mature engagement model with industry, and especially start-ups. He said start-ups in the cyber space were coming up with innovative ideas that were leaping ahead of the big enterprise companies that typically worked with government on cyber security.

 

"If ASD spend 10 years trying to solve their wicked problems internally or with the assistance of the big primes, we will fall behind ... We need to develop home grown cyber security solutions that protect our important assets and data, as sovereignty over the technology we use matters enormously," Mr Handsaker said. "We must continue to invest in local startups, local education and local technology ... and ASD must find new ways to bring this talent into its community, rather than shutting it out through prolonged process or procurement barriers."

- lots of hammers there, identifying their own nails

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  • 1 month later...

and has this been a surprise, or what? AR9 has had several up days of 20% or more, and made it to 37c today, for a brief time.

 

holding for more than 12 months, I sold them down during the rise; still got the SPP allocation @ 5.5c. Have plenty in hand, but am somewhat mystified why it would be UP some 6x in such a short period. There have not really been too many company transforming announcements to date.

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Like I said yester Nip, you have become a guru.

Those other 80,000 odd sharescene members (the silent majority we keep hearing about???), are just hanging out for your next gem.

Soon as they see you post, wham they are off to their commsec account to hoover them up.

You have become a market maker. :B):

Mick

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  • 1 month later...

after a year of change and growth, including raising $2.3 million

.... with product/market fit now being established and the veracity of the underlying technology proven, there are many opportunities to continue growing the archTIS business in both public and private markets.

 

We expect growth to be organic and from selected merger and acquisition opportunities should they arise.

archTIS has also reduced its monthly operational expenditure by 32% since March 2020 as expenses shifted from software development to sales and marketing.
get out there and reel them in!
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