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Purifloh Limited ( (AU:PO3) ) has issued an update.
Purifloh Limited made significant strides in its PFAS destruction technology during the last quarter of 2024, which has helped secure funding and expand its intellectual property. The company is preparing for a pilot plant proposal with the Department of Defence and working on applications for potable water treatment in remote areas, backed by a BRII grant. Furthermore, Purifloh is taking steps to resume trading on the ASX, including a proposed share placement to raise capital and convert existing debts to equity. However, the company is seeking an extension to meet the ASX’s deadline for resumption of trading, and it continues to operate with essential funding from its Dilato facility.
More about Purifloh Limited
Purifloh Limited operates in the environmental technology sector, focusing on the development of solutions for water treatment, particularly the destruction of PFAS contaminants. The company is actively involved in research and development to enhance its intellectual property portfolio and expand its market presence, including collaborations with significant industry and governmental entities.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.31M
See more data about PO3 stock on TipRanks’ Stock Analysis page.
