Q Technology Group Limited “QTG”
Helmsman Capital completed its third investment on 4 May 2009, with a PIPE (Private Investment in Public Equity) into ASX listed QTG (formally known as QRSciences Holdings Ltd)
QTG, founded in 1997, specialises in the design, development, marketing and distribution of security products and solutions, in particular the sale of closed circuit television related products.
Following investment, the company executed on a strategy of shutting or selling its loss making research & development activities. This left the Q Video & Alarm import and distribution business as a profitable stand alone operating entity.
In September 2010, QTG acquired API Locksmiths which is Australia’s largest national locksmith and master key systems providers.
QTG now operates out of over 20 locations nationally providing a wide range of electronic and physical security products and services.
Since the initial investment in 2009, Helmsman has continued to support QTG by participating in several creep acquisitions and the rights issue in May 2011