2016 has been an unprecedented year of transformation for BluGlass
(ASX:BLG) in the development of our RPCVD technology.
The key achievements include:- exclusive collaboration agreement with LED market leader Lumileds (March 2016)
- Sucessful capital raising of $3 million placement (April 2016)
- Upgraded RPCVD system (September 2016)
- Successful capital raising $5 million placement (October 2016)
- Recieves $600 million fountry order from new customer (Nov 2016)
Financial snapshot:- $1.9 million in cash (end of September)
- $5 million raised in October placment
- $435,000 burn rate per month
- $2.1 million tax refund for 2016
- $2 million targeted via SPP
