29/8/22
“$5M MODERN MANUFACTURING INITIATIVE (MMI) GRANT PROCEEDING
EMVision Medical Devices Limited (ASX:EMV) (“EMVision” or the “Company”), a medical device
company focused on the development and commercialisation of medical imaging technology, is pleased to
provide an update on its previously announced Modern Manufacturing Initiative (“MMI”) grant award.
EMVision has received a formal letter of offer from the Department of Industry, Science, Energy and Resources verifying that our $5M non-dilutive MMI grant is proceeding.
The grant will assist EMVision to
establish initial production of the 1st Gen portable brain scanner product alongside supporting quality
systems, engineering personnel and other relevant expenditure.
The grant funds to be received are weighted to $3,750,000 in this financial year, and $1,250,000 in the
following financial year.
EMVision is working with the Department of Industry, Science, Energy and Resources to finalise the funding
documentation before the end of September.”
3 year chart.
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