Brief: Hiddn In Continued Process To Merge With Tactilis, Explores Other Options Too

Arribatec ASA

18/03/2019 07:14

March 18 (Reuters) - Hiddn Solutions ASA  HIDDNS.OL :
    * HIDDN IN CONTINUED PROCESS TO MERGE WITH TACTILIS, BUT HIDDN HAS ALSO BEEN APPROACHED BY
OTHER
PARTIES OF STRATEGIC INTEREST, NOW BEING EXPLORED BY HIDDN.
    * CONCLUSION COULD POTENTIALLY BE POSTPONED UNTIL AFTER PROCESS WITH GI HAS BEEN FINALIZED
    * TACTILIS AND HIDDN AGREED TO ENTER INTO A COOPERATION AGREEMENT
    * HIDDN WILL START IMPLEMENTING TACTILIS TECHNOLOGY INTO HIDDN SOLUTIONS
    * TACTILIS RECEIVED OPPORTUNITY TO IMPLEMENT HIDDN TECHNOLOGY INTO THEIR FUTURE ROADMAP
    * STILL TARGETS TO INTRODUCE NEW TACTILIS FUNCTIONALITY AND USER FRIENDLINESS TO HIDDN
PRODUCTS IN
H2
    * HAS BEEN APPROACHED BY INDUSTRIAL GROUP WITH INVITATION TO DISCUSS COMBINATION BETWEEN
HIDDN AND
THEIR OPERATIONS
    * HAS RESPONDED POSITIVELY TO INVITATION
    * EXPECTS TO COMPLETE PRIVATE PLACEMENT WITHIN SHORT PERIOD OF TIME

Source text for Eikon:  ID:nWkr6xJlx7 
Further company coverage:  HIDDNS.OL 

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