Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Thred boosts cash reserves after receiving tax rebates

The company's flagship product is social media app called Sweep.
flow chart showing agent reality
Agent Reality aims to monetise the Sweep app

Thred Ltd (ASX:THD) has received a research and development rebate from the Australian Taxation Office of $1.58 million cash.

The tax rebate further strengthens Threds’ cash position and ensures the company can continue to advance its development and commercialisation activities related to its proprietary Sweep app and Agent Reality platform.

READ: Thred receives positive early data from Sweep app launch

Sweep is a new geo-locked chat and augmented reality (AR) app that is an evolution of the Thred app, which was originally launched in May 2017.

It is a free app that allows users to engage with the world around them in a completely new way.

Whether the user is sitting at a bar, in a university lecture hall or waiting for a train, Sweep’s unique Geochat features allow users to unlock exclusive chats based on their location.

Geochats mean that only people in the same area are able to access that chat.

It could be asking those in a bar for a beer recommendation, requesting a song to the bar staff or being notified when happy hour is ending.

View full THD profile View Profile

Thred Ltd Timeline

Newswire
November 01 2017

Related Articles

bluechiip-andrew-mclelland-presenting-Syd-Mar-2017.png
March 16 2017
Andrew McLellan discussed with investors wiresless tracking technology.
Remote meetings camera
July 26 2017
LoopUp shares, which floated at a pound a pop in August 2016, were up another 9% today to after the remote meetings enabler said it had a robust first half
1510629376_Agent-Reality-and-Sweep.JPG
November 16 2017
Thred's Geoff Marshall at Proactive's CEO Sessions in Melbourne and Sydney.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use