Brief: Ability Inc Says Israeli Ministry Of Defense Informed Co It Has Ordered The Suspension Of Licenses Granted To Its Israeli Subsidiary
27/03/2019 10:51
March 27 (Reuters) - Ability Inc ABIL.TA :
* ABILITY INC - ON MARCH 17, ISRAELI MINISTRY OF DEFENSE
INFORMED
CO IT HAS ORDERED THE SUSPENSION OF LICENSES GRANTED TO ITS
ISRAELI SUBSIDIARY
* ABILITY INC - LICENSES SUSPENSION WERE UNDER THE ISRAELI
DEFENSE
EXPORT CONTROL LAW, 2007.
* ABILITY INC - MOD ALSO DECIDED TO SUSPEND LICENSES UNDER
THE
ORDER FOR THE SUPERVISION OF GOODS AND SERVICES (ENGAGEMENT IN
ENCRYPTION ITEMS), 1974.
* ABILITY INC - REVIEWING THE DECISIONS OF THE MOD AND HAS
LIMITED
INFORMATION ABOUT THE REASONS FOR THE MOD DECISIONS AND THE
INVESTIGATION.
* ABILITY INC - BELIEVES THAT THE DECISIONS OF THE MOD WILL
HAVE
A LIMITED IMPACT ON FUTURE ORDERS.
Source text: (https://bit.ly/2OuUJ2a)
Further company coverage: ABIL.TA
((Reuters.Briefs@thomsonreuters.com;))
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