Traffic Technologies Ltd (AU:TTI) has released an update.
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Traffic Technologies Ltd faces a challenging year with significant revenue declines due to supply chain issues and capital constraints but is optimistic about future growth following recent refinancing and strategic initiatives. The company has introduced a new convertible note facility and launched a non-renounceable rights issue to bolster its working capital, aiming to enhance its operational capacity and increase revenue. Despite the current low trading price of its shares, Traffic Technologies maintains a strong order book and long-term customer base, positioning itself to benefit from increased infrastructure spending.
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