Driver safety start-up targets $60m float

Original article by Sally Rose
The Australian Financial Review – Page: 22 : 13-Apr-15

Auto Innovations Group will offer its shares at $A0.20 each in an Australian IPO that aims to raise between $A8m and $A10m. The group will have a market capitalisation of $A60m if the offer is fully subscribed. The company has gained a patent in the US for its Reserve Alert System, which aims to prevent accidental deaths when vehicles are reversing. It is also seeking patents in Australia and a number of other countries

CORPORATES
AUTO INNOVATIONS GROUP LIMITED – ASX AINTOLL HOLDINGS LIMITED – ASX TOLNORTH COAST TAXIS

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