Active Safety System Technologies Inc.

Quick Update

Published on Nov 23, 2023

Hi Everyone,

Apologies for the silence for so long since the ASST funding round, it has just been a very busy time with several new developments in the UK which have been evolving to the point where they are worth reporting. In particular we have filed a new patent application on the 10th November covering a new Minefield Breaching Vehicle concept which has evolved into other related Unmanned Ground Vehicle applications as well, so we could not say anything about this until the patent was safely filed. We are in direct contact with the right people in Ukraine as well as a number of other potentially interested parties globally so we await further developments with great interest. Also a great new enquiry today re the eVTOL Safety Systems so we have a very live situation in both our primary markets.

As regards US activities we have submitted a revised version of the $5m TBI R&D project in the annual round of the Congressionally Directed Medical Research, and have high hopes of getting this improved version of last year's application accepted this time. Decision will be in January, so keep your fingers crossed on this one.

I will have to leave it there for now because we need to get a full update out for the UK/Crowdcube investors and complete a new R&D funding application for a collaborative UK/German project.

Much more info to come out later, but will close there for the time being.

Best wishes to all,

Roger Sloman.

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