Nemex Resources Ltd  ASX:NXR

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Nemex Resources Ltd ASX:NXR

$ 0.048

01/12/2014

Report Date Price
Next Generation Biometrics 01/12/2014 $0.048
Increases Biometric Focus 08/04/2015 $0.067

Overview

Nemex Resources Ltd (ASX:NXR) is an Australian based company with technology and mineral resource assets. Its present focus is biometric security technologies via a conditional earn in agreement for a 51% interest in Wavefront Biometric Technologies Pty Ltd (“WBT”). Nemex Resources Ltd mineral interests encompass exploration licenses in West Africa and Australia.

WBT has developed a single sensor multi-biometric system built around a patented cornea-based technology and incorporating other unique aspects of the eye (“the technology”). Patents have been granted in the US, Japan, and Australia. The market for biometric recognition technologies is estimated to be worth US$7billion. Nemex has secured earn in rights for up to 51 percent of WBT.