Efficient Market Services is pleased to welcome Syft Technologies back as an Unlisted Issuer with trading starting at market opening on Wednesday 19 April 2017.

Christchurch-based Syft Technologies is the world leading provider of SIFT-MS solutions, revolutionizing the world of analytical trace analysis. Syft instruments are sold throughout the world, in a wide range of applications from oil exploration, to cutting-edge breath research. In all applications, the unique attributes of SIFT-MS have enabled their customers to outperform conventional techniques, resulting in a greater understanding of their products.

David Wallace, Unlisted Manager of Efficient Market Services said that Syft’s listing, is a confirmation of the compelling proposition for transparency and liquidity in securities trading provided by Unlisted for Issuers and their shareholders in contrast to over the counter, private market type trading.

Background:

Unlisted

Unlisted is not a licensed financial product market. Unlisted is a prescribed exempt financial product market that operates pursuant to an exemption from subpart 7 of Part 5 of the Financial Markets Conduct Act 2013 (the Act).

Unlisted provides a simple cost-efficient and simple share trading facility and a platform for small to medium sized companies to keep their shareholders informed. Established in 2003 Unlisted has facilitated the trading of more than 231.5 million shares with a value of over $220m via more than 14,000 trades. Upon quotation of Syft Technologies Unlisted’s market will comprise 15 securities representing 14 issuers listed on its market with a combined market capitalization of $2 billion.

Syft Technologies

Syft Technologies was formed in 2002 to take the analytical trace analysis academic research to a fully developed commercial solution. This ground breaking technique emerged out of investigations of atmospheric and interstellar ion chemistry and was developed further at the University of Canterbury in New Zealand.