Dotz Nano largest shareholder SIBF commits further growth funding of $1.75 million

Dotz Nano Ltd's (ASX:DTZ) largest shareholder, Southern Israel Bridging Fund (SIBF), has committed a further $1.75 million of growth funding to the company through the exercise of its options.

SIBF partner Doron Eldar, who is also a non-executive director of Dotz, said: "When we first invested in Dotz we saw huge global potential for its technology and our investment thesis has been vindicated.

"The four commercial agreements already put in place this year and the strong pipeline point to an exciting growth runway ahead.

"SIBF is delighted to further increase its investment Dotz via the commitment to exercise all of its options and to provide Dotz with further growth funding to execute on the exciting opportunities we see for this business globally."*"Funding rapid growth"*

Dotz chairman Bernie Brookes AM said: "SIBF has been a very supportive shareholder of Dotz and we are delighted that it has committed to increase its investment in the company and provide additional funding to support the rapid growth we are now experiencing.

"Dotz has had a strong start to 2020, with the contracts signed and our growing sales pipeline providing strong momentum for future sales growth.

"We are in advanced negotiations with several potential customers across multiple applications for Dotz's technology, and are confident of converting these negotiations and current pilots into contracts and recurring sales before the end of this year."