Brief: Advanced Health Intelligence Executes Perpetual License With Changlin Network Technology

Advanced Health Intelligence

04/08/2023 05:18

Aug 4 (Reuters) - Advanced Health Intelligence Ltd
 AHI.AX :
    * EXECUTES A BINDING EXCLUSIVE, PERPETUAL LICENSE WITH
SHANGHAI-BASED CHANGLIN NETWORK TECHNOLOGY
    * LICENSE AGREEMENT INCLUDES AN UPFRONT PAYMENT OF USD$10
MILLION
TO AHI
    * CO WILL RECEIVE 25% REVENUE SHARE OF GROSS SALES
    * WILL MAINTAIN UP TO 25%, BUT NOT LESS THAN 20%, OF ITS
COMMON
SHAREHOLDING IN CHANGLIN AT ITS IPO

Source text for Eikon:  ID:nASXbBTC3z 
Further company coverage:  AHI.AX 

 ((Reuters.Briefs@thomsonreuters.com;))