SM8 to provide J-Bay Open protection against sharks

Published at Jun 22, 2016, in Technology

The scene of Mick Fanning’s frightening brush with a White Pointer last year will now have added protection thanks to Shark Mitigation System’s (ASX:SM8) Clever Buoy tech.

The ASX-listed tech play told the market this morning that it had won a contract to provide shark protection at the J-Bay Open in South Africa in July by the World Surfing League.

The J-Bay Open was the scene of Mick Fanning’s frightening close encounter with a White Pointer last year.

SM8 won the contract on the back of a successful trial of its Clever Buoy tech at Bondi from February to April earlier this year – with the new contract a sign of gathering international interest in the tech.

“We are very excited to be working to be working with the pro surfing league to showcase our technology and provide critical safety information to the organisers of the event,” SM8 co-founder Craig Anderson said.

“This will help place our technology on the world stage, showing what it can do to keep surfers and other ocean users safe in the water.”

Clever Buoy is billed as a non-invasive technology which eliminates the need to use nets and other solutions, while protecting beachgoers and the environment at the same time.

The unit sits in the water and uses sonar and other identification systems to relay critical information back to the beach.

It is designed to be set up beyond surf zones and utilises multi-beam sonar transducers mounted on the ocean floor coupled with newly developed detection software to scan for marine life.

Once marine life is detected, the software then analyses swimming patterns to determine the probability of a shark occurrence.

If there is evidence of a shark, the information is transmitted to lifeguards notifying them of the target and location – giving lifeguards quicker warning of an approaching shark in the water.

News of the J-Bay contract is a further indication that the surfing community is getting excited by the tech, with the company recently bagging surfing legend Taj Burrow as an ambassador for the company.


Where to invest $1,000 right now

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.


SEE THE PORTFOLIO

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.

Publishers Notice

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.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X