CCP Technologies Limited (ASX:CT1) went on a trading halt

IT group, CCP Technologies offers a critical control point management system in Australia and North America and has an emerging presence in Singapore. The Company’s securities went into a trading halt pending an announcement in relation to a capital raising. The trading halt will be placed until after the expected announcement is made or until the market opens on Friday, 13 July 2018, whichever is the earlier.

Lately, the Company’s Patent 2015299743: Wireless monitoring system, has been granted in Australia. This patent describes that how CCP’s Smart Tags manage a variety of functional states based on inputs from sensors and other devices to enable the most efficient means of data communications. This was an outstanding achievement and demonstrates that the CCP Solution is unique and supports its engagements with global partners to market its solutions in North America and Asia. Just because of this news, globally recognised companies are partnering with CCP to take advantage of new communication and platform technologies. The stock was trading at $0.016 before going on a trading halt (as on 11 July 2018; 02:06 PM AEST). The stock has otherwise been down by about 60% in last six months.


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