Micro-X Secures AU$4.4 Million Government Funding, Shares Up 10%

MT Newswires Live

Sep 23, 2025

Micro-X (ASX:MX1) secured AU$4.4 million grant by the Australian Government's Industry Growth Program to build and trial a stroke-capable ambulance using its head computed tomography device, which is currently under development, according to a Tuesday Australian bourse filing.

The company said the contract is being finalized and is expected to be executed shortly.

The company added that a reader study demonstrating clinical acceptance of imaging captured by paramedics in the stroke ambulance will support medical device regulatory submissions.

The funding is non-dilutive with the company retaining all intellectual property rights, the filing added.

The company's shares rose 10% in recent Tuesday trade.

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