This is a paid advertisement from UUV Aquabotix Ltd.
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Please note: This offer is not for release, publication or distribution in whole or in part in or into the United States of America.
Leader in underwater drones aiming to list on the ASX
Consistent with Hot Copperâs Special Admonition for International Use, the information contained herein is intended solely for persons within Australia and New Zealand. This communication is not for publication or distribution, directly or indirectly, in or into the United States of America, including its territories and possessions, any state of the United States of America and the District of Colombia (collectively, the âUSâ). This announcement is not an offer of securities for sale into the US. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the US, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the US.
UUV Aquabotix Ltd (ACN 616 062 072) (the Company) lodged a prospectus for the initial public offer of its securities with the Australian Securities and Investments Commission (ASIC) on 14 March 2017 (Prospectus). The issuer of the securities under the Prospectus is the Company. The Prospectus is available and can be obtained by contacting the Company at investors@aquabotix.com or alternatively, you can obtain a copy of the Prospectus from the website of the Company at [www.aquabotix.com](. The initial public offer of the Companyâs securities is made in the Prospectus. All persons should consider the Prospectus in deciding whether to acquire securities in the Company. Anyone who wants to acquire securities in the Company will need to complete an application form that will be in or will accompany the Prospectus.
The underwater robotics industry is projected by Markets and Markets to grow to US$4 billion by 2020.
Aquabotix Technology Corporation ("Aquabotix") is a leader in low-cost commercial/industrial-grade underwater drones. It is a unique and established U.S. manufacturer of underwater unmanned vehicles (also known as UUVs or underwater drones), with 350 vehicles shipped since 2011 and sales having grown 80%, to A$1.1 million, in calendar 2016 relative to 2015.
Aquabotixâs four product lines (and ten product models) are highly differentiated from the limited competition. They are simple to use, highly functional, and inexpensive (ranging from US$1,500 to US$150,000 in price). Importantly, Aquabotix is one of the very few companies globally with a âhybridâ UUV solution, which is capable of both autonomous and human operation.
Two of Aquabotix's commercial grade UUV's - Endura and Hybrid
UUVs are used in a number of industries â defence, law enforcement, public safety, marina and boat underwater inspection, marine inspection and construction, port security, pipeline inspection, aquaculture, potable water management, and research and marine biology.
Customers who have purchased Aquabotixâs products include the United States Navy, the United States Coast Guard, the United States Department of Homeland Security, BP, Shell, Pittsburg Tank, Virginia Institute of Marine Science, the University of Notre Dame, Broadspectrum Ltd and ConEdison.
In the defence industry, Aquabotix plans to build on its past orders from the U.S. Navy. On 5 December 2016, the U.S. Department of Defense announced that it planned to invest as much as US$3 billion in an effort to build and field UUVs for surveillance operations. A recent [Bloomberg Government article]( has specifically singled out Aquabotixâs and one other companyâs products as the kind of commercial products that may be relevant to this doctrine of commercial product adoption in the unmanned Navy space.
Aquabotixâs drones can also be used by boaters, fishermen and recreational users.
The Company has agreed to acquire Aquabotix, and Aquabotixâs shareholders have agreed to exchange their shares in Aquabotix for shares in the Company, concurrently with the closing of the Companyâs IPO. The Companyâs team and backers include several of DroneShield Limited's team and backers. DroneShield is one of the best-performing ASX "tech" IPOs of 2016. Both the Company and DroneShield are backed by the same U.S. institutional investor and chaired by Peter James, who is also on the boards of nearmap Ltd (ASX:NEA) and Macquarie Telecom Group (ASX:MAQ) and was on the board of iiNet until it was acquired by TPG Telecom for A$1.56 billion in 2015. Jay Cohen, a former Chief of Naval Research (United States Navy) and former U.S. Department of the Navy Chief Technology Officer, who is on DroneShieldâs Advisory Board, is on the Company's board of directors.
Aquabotix's Endura inspecting port-side infrastructure
IPO Offer
Share Price: $0.20
Minimum Investment Amount: $2,000
Maximum to be Raised under Offer: $5.1 - 7M / 25.5 - 35M shares
Free Options: 1 free listed option will be issued for every share issued to subscribers in the IPO ($0.22 exercise price and two-year term) Offer Close Date: 19 April 2017
The Company has reserved discretion to close the IPO early.
[Click here for the Prospectus](
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