Brief: Alelion Energy Systems In Dispute With One Of Its Customers
17/10/2023 06:38
Oct 17 (Reuters) - Alelion Energy Systems AB
ALELIO.ST :
* ALELION HAS A DISPUTE WITH ONE OF ITS CUSTOMERS
* ONE OF ALELION'S CUSTOMERS REFUSES TO FULFILL A BINDING
ORDER
FOR HIGH VOLTAGE BATTERY SYSTEMS
* REGARDING AN ORDER, WHICH IS CONFIRMED BY THE CUSTOMER AS
LATE
AS IN JUNE 2023, AMOUNTING TO 150 MSEK
* ALELION EXPECTS THAT THIS WILL HAVE NEGATIVE CONSEQUENCES
FOR
THE COMPANY'S OPERATIONS AND LIQUIDITY
* IS CURRENTLY ANALYZING SCOPE AND ALTERNATIVE WAYS TO
MINIMIZE
NEGATIVE EFFECTS OF BREACH OF CONTRACT
Source text for Eikon: ID:nWkrh5drj
Further company coverage: ALELIO.ST
(Gdansk Newsroom)
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