Inventis Limited (ASX:IVT) Unveils Q2 Achievements and Strategic Initiatives
Q2 Operational Highlights
Inventis Limited confirmed Opentec orders exceeding $5.7 million for Q2, expected to settle by February 28, 2025. The company initiated a US Hazavoid capital raise targeting a minimum of $2.5 million USD. Additionally, the annual general meeting approved the sale of 49% ECD equity, with a superior offer from Antsoftware Pty Ltd and THN potentially raising $3 million. Inventis also developed a recurring revenue funding facility for Hazavoid LCC’s “Lease to Buy” and commenced scoping for a new Hazavoid App, set for release in FY25. A purchase order for the next stage of the Hazavoid Storm Alert for Western Sydney Airport has been secured, with delivery anticipated by the end of FY25.
Technology Division Developments
The Technology Division expanded its international pipeline, securing a Philippine Hazavoid order for Palawan stage 1, with additional stages expected in Q3 and Q4. Technology sales in December surged by 267% year-over-year, though year-to-date figures were down 30% due to timing issues with large orders, expected to normalize by the fiscal year’s end. Cost reductions amounted to $1.375 million during F24 and F25, with plans for an additional $574k in future savings. The division aims to become more technology-driven, with new product development and engineering underway. Hazavoid’s US operations have developed a qualified pipeline exceeding AUD$3.4 million, and the company secured an exclusive agency agreement with Varley Group in the Philippines, targeting over $60 million in upcoming fire and emergency vehicle bids.
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