18 August 2006
The London Stock Exchange is delighted to welcome Kenetics Group Limited to AIM.
Kenetics Group Ltd provides customised and bespoke solutions, products and systems to customers through a combination of RFID, wireless technologies and IT systems for diversified applications that include security management, law enforcement and data management.
Since incorporation in 2001 Kenetics has successfully completed more than seven large-scale projects in different market sectors, including homeland security, law enforcement, healthcare, livestock and library management, in Australia, China, Singapore and other countries. These customers include large multi-national semiconductor giants, government agencies and security organisations.
Kenetics’ introduction to AIM through Insinger de Beaufort will provide the Group with access to the UK and European capital markets to enable the Group to fund the further development of its business.
Mr Ken Wong Chief Executive of Kenetics commented, “We are delighted to see the start of trading in Kenetics on AIM. Since founding Kenetics, we have made good progress in expanding our products in the Asia Pacific regions, in particular Australia, Japan and China. We have also developed a range of IP Blocks that are now ready for large scale implementation in new markets such as Europe and the US. This initial introduction to AIM will provide us with the quoted currency required to expand the Group through a combination of strategic joint ventures, acquisitions and by establishing our own facilities overseas.”