Surge in business interest excites Trac Group

THE CREATORS of what is possibly the world’s most versatile roofing system – which generates electricity, heats water and is a cyclone-rated tiling system -- building products company Trac Group Holdings is seeing strong interest in its initial public offering (IPO) on the Australian Securities Exchange (ASX).

Trac Group has diversified into other sustainable building products beyond its original Tractile system – which was developed in Queensland with testing by James Cook University in Townsille – and its potential is raising interest from potential purchasers and international partners. 

Trac Group managing director Jason Perkins said the company had received more than 200 business leads since the launch of its IPO.

“Trac Group Holdings has been approached by 53 distributors interested in distribution arrangements in 12 different countries,” Mr Perkins said.

“We also have had requests for product information from 140 retail customers in five different countries for new construction projects and renovations.

“Of those 140 requests, we have issued quotes in relation to 30 serious leads.

“The company has also been approached by 11 new architecture companies searching for sustainable, innovative products for r current projects and have been approached by seven builders who are investigating whether they will specify Tractile in their future projects.”

Mr Perkins said the interest was exciting and came at a time when the company was closing on its capital raising target.

Trac Group Holdings has lodged a prospectus with the Australian Securities and Investment Commission to raise up to $6,500,000.

The company intends to use the money raised to distribute its award-winning building products nationally and internationally. 

Trac Group is the designer and manufacturer of award-winning roofing products. The company has designed smart roofing solutions that can also harvest the sun’s energy to generate electricity and heated water.

Trac Group has been reserved the ASX ticker code TRC.

www.tractileipo.com.au

ends