Cortical gets a chance to shine on global stage
BPH Energy (ASX:BPH) investee company Cortical Dynamics has the technology and business plan to go global.
That’s the call from the Australian Technologies Competition (ATC), which has selected Cortical and its next-gen Brain Function Monitor as a semi-finalist in the competition.
The competition, which has generated $250 million in investment for finalists over the past five years, are an opportunity for innovative small to medium tech companies to showcase their wares to some of the biggest players around.
Judges for the competition are drawn from companies such as Deloitte, Bird&Bird, and FB Rice.
The ATC also draws support from: the Australian Department of Industry, Innovation and Science; Hong Kong Trade & Development Council and; UK Trade and Investment.
Selection in the semi-finals of the competition is somewhat of a boon for Cortical, as the competition this year is not only focusing on technology but the ability for a company to globally scale their business.
“The Semi Finalists will have unmatched profiling opportunities with industry that will help them get to market and realise their potential in Australia and globally,” competition organiser John O’Brien said in a statement.
Cortical will be showcasing its BAR technology, which purportedly improves on the currently used EEG technologies by incorporating the latest advances in understanding of how the brain’s rhythmic electrical activity is produced.
The BAR’s underlying algorithm produces EEG indexes which are directly related to the physiological state of the patient’s brain.
It estimates that the global brain monitoring market was worth $1.08 billion in 2012 and could grow at an annual compound growth rate of 8.6% to reach $1.63 billion by next year.
How much of this addressable market BAR is able to capture is unknown, thus all factors relating to the company, not this fact alone, should be taken into account if considering BAR for your investment portfolio.
MEC Resources holds an 8.3% stake in BPH
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.