Neopharma Technologies Limited ABN 31 619 487 133 (“NTL” or “NEO”) is an Australian incorporated, unlisted public company seeking to secure a dominant position in the global drugs-of-abuse testing market with its patented and trademarked, tamper-proof, TamperLoks test cup and associated DataVault data handling software management system.
TamperLoks rapid test device
TamperLoks is a next generation urine sample collection and rapid test cup, principally for testing for drugs-of-abuse but also designed for other applications such as testing for performance enhancing drugs.
Drug testing strips that are used in the TamperLoks cup are provided by a well credentialled third party. The drug testing strips are FDA certified. The configuration of drug testing strips in the TamperLoks cup can be tailored to the clients needs depending on the suite of drugs they wish to test for. While the cup has significant unique and patented features it is also paired with a data handling platform - DataVault that enables instant recording of results in a cloud-based database.
DataVault IT Platform
Data Vault is a cloud-based IT Platform for real time, secure, test data collection and storage within a drug testing program management and administration environment. The current paper-based systems do not allow for real time reporting of regional drug test data. DataVault is owned and developed by Firmitas Pty Ltd - a 100% owned subsidiary of NTL.
DataVault provides seamless backend management, connectivity with smart phones, rapid results, improved audit control, trends / forecasting algorithms and greater control of customers processes.
NTL and its group companies are budgeting to attract revenue from state owned authorities in various Asian countries this financial year. NTL group have conducted Research and Development over the past 18 months to enhance the TamperLok-DataVault drug testing solution which has led to the demonstration of the technology and cementing strong relationships which have in turn resulted in securing preliminary orders and commencing the production and sale of the Tamperloks test cups and associated DataVault IT platform.
NTL is now rapidly transitioning from an R&D start-up company with small scale sales in Malaysia to full commercialisation with global sales contracts. As part of this growth path, NTL is moving to raise its next tranche capital requirements in the short term with an intention of an ASX listing in 2019.
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