Business
Award of Govt Grant Funding
Award of Govt Grant Funding.
About this update from Rua Life Sciences Plc
[{"type":"text","content":"\n Aortech International PLC\n24 January 2006\n\n\nFor Immediate Release 24 January 2006\n\n AorTech International plc\n\n ('AorTech' or 'the Company')\n\n AorTech Awarded Australian Government Grant Funding\n\nAorTech International has been awarded grant funding from various Australian\nGovernment Agencies to support its investment in R&D activities and\ninfrastructure. The anticipated total grant for the first half of 2006 is\napproximately $1 million AUD (approx. £422,000). It is AorTech's intention to\nmove the headquarters of its Australian Operations to an expanded facility in\nMelbourne.\n\nThis funding support has been obtained from these government grant schemes which\nhave been established to support the investment in R&D, infrastructure and\ngrowth of high-tech businesses in Australia. The company expects the bulk of the\nremaining funds will be received later this quarter with the balance expected in\nQ2, subject to AorTech's completion of milestones for funding.\n\nThe biotech industry is a vibrant and growing sector of the Australian economy,\nunderpinned by world-leading research and clinical facilities, and strong\ngovernment commitment. This environment is well aligned with the next phases of\nexpansion of AorTech's business.\n\nFor further information please contact:\n\nAorTech International plc\nFrank Maguire, Chief Executive 00 1 801 201 4336\n\nBuchanan Communications 020 7466 5000\nBen Willey, Rebecca Skye Dietrich\n\nVisit AorTech's website at: www.aortech.com\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1811,"tagName":"div"}]