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CleanSpace Secures $940.8K R&D Tax Incentive for Innovation

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CleanSpace Secures $940.8K R&D Tax Incentive for Innovation

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An update from CleanSpace Holdings Ltd. ( (AU:CSX) ) is now available.

CleanSpace Holdings Limited has received a $940,854 cash rebate from the Australian Federal Government’s R&D Tax Incentive Program for the financial year ending June 2024. This funding will support the company’s ongoing product research and development efforts in the Powered Air Purifying Respirator market, reinforcing its commitment to innovation and leadership in providing advanced respiratory protection solutions for industrial markets.

More about CleanSpace Holdings Ltd.

CleanSpace Holdings Limited is a Sydney-based company specializing in the design and manufacture of respiratory protection equipment for industrial and healthcare solutions. Founded by biomedical engineers with expertise in respiratory medical devices, the company is dedicated to enhancing health and safety outcomes through innovative personal respiratory protection solutions. Over the past two decades, CleanSpace has focused on research and development, resulting in advanced products that offer significant benefits to employers and users, particularly frontline workers.

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Technical Sentiment Signal: Hold

Current Market Cap: A$33.64M

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