Control Bionics Ltd. (AU:CBL) has released an update.
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Control Bionics Ltd. reports a surge in revenue following a boost in NDIS approvals and the introduction of a new leasing program for their Trilogy system in Australia. The company has also successfully raised funds through a rights issue and received a significant R&D tax incentive, positioning them for further commercialization of their neurodegenerative communication technologies. These developments have shown positive engagement with the NDIS and investor confidence, marking an optimistic outlook for Control Bionics.
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