Brief: Aerwins Technologies Enters Into Letter Of Intent With Helicopter Technology Company

Aerwins Technologies

22/12/2023 21:53

Dec 22 (Reuters) - Aerwins Technologies Inc  AWIN.O :
    * AERWINS TECHNOLOGIES INC - EFFECTIVE AS OF DEC 19, ENTERED
INTO
A LETTER OF INTENT WITH HELICOPTER TECHNOLOGY COMPANY
    * AERWINS TECHNOLOGIES - PURSUANT TO LOI, CO AND HELICOPTER
TECHNOLOGY WILL FORM AN ENTITY THAT WILL BE OWNED 70% BY CO AND
30% BY HELICOPTER TECHNOLOGY
    * AERWINS TECHNOLOGIES-ENTERED INTO LOI REGARDING DESIGN,
DEVELOPMENT, MANUFACTURING, SALES, AND MARKETING OF SINGLE-SEAT
OPTIONALLY MANNED AIR VEHICLE
    * AERWINS TECHNOLOGIES - AGREED TO PROVIDE WORKING CAPITAL
TO
OPERATING COMPANY OF UP TO A MAXIMUM OF $1.7 MILLION FOR ITS
OPERATIONS OVER A 12 MONTH PERIOD

Further company coverage:  AWIN.O 

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