Nov 22, 2016 - Cirrus Networks Receives $1.2M R&D Tax Rebate ... Assists in continued investment in the Cirrus Cloud
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22 November 2016
Cirrus Networks Receives $1.2M R&D Tax Rebate
Highlights • Cirrus receives $1.2 million Research and Development (“R&D”) tax Incentive cash rebate • Assists in continued investment in the Cirrus Cloud and other innovative solutions • Provides continued support to focus on value based innovation Cirrus Networks Holdings Limited (“Cirrus” or the “Company”) (ASX:CNW) is pleased to announce that it has received a $1.2 million cash rebate in respect of its eligible R&D activities undertaken during the financial year ended 30 June 2016. This sum will supplement the Company’s cash holdings and provide support for its continued investment in and development of the Cirrus Cloud and other innovative solutions. For further comment and information Mr Matt Sullivan Managing Director
Mr Matt Green Chief Financial Officer
Tel: (08) 6180 4222 [email protected]
About Cirrus: Cirrus Networks Holdings Limited (ASX: CNW) is an IT solutions provider that helps businesses understand their technology needs to implement solutions that are world leading, best of breed, cost effective and efficient for long term operational gain. Cirrus’ innovative approach has resulted in the swift establishment of a blue-chip customer base and its success was recently recognised at the Deloitte Australia’s Technology Fast 50 Awards, where it was named in second place for 2015. This followed the second placing received in the fastest growing “Rising Star” technology company category in Australia in 2014.