Brief: Minerva To Focus On Climate85, Announces Sale Of Geology Division

Bentley Systems

05/12/2022 14:40

Dec 5 (Reuters) - Minerva Intelligence Inc  MVAI.V :
    * MINERVA TO FOCUS ON CLIMATE RISK PLATFORM CLIMATE85 AND
ANNOUNCES SALE OF GEOLOGY DIVISION
    * MINERVA INTELLIGENCE - AGREEMENT WITH BENTLEY SYSTEMS FOR
SEEQUENT, TO ACQUIRE CO'S GEOLOGY DIVISION INCLUDING DRIVER
SOFTWARE PLATFORM, FOR $1 MILLION CAD
    * MINERVA INTELLIGENCE - ALL PROCEEDS FROM SALE WILL BE
DIRECTED
TO CONTINUED DEVELOPMENT AND MARKETING OF CLIMATE85 MULTI-HAZARD
API FOR CANADA
    * MINERVA INTELLIGENCE - PROCEEDS FROM SALE, REVENUE FROM
REMAINING PRODUCTS, REDUCED COST STRUCTURE GOING FORWARD, TO
PROVIDE ADEQUATE WORKING CAPITAL FOR FORESEEABLE FUTURE

Source text for Eikon:  ID:nPn64B35za 
Further company coverage:  MVAI.V 
 ((Reuters.Briefs@thomsonreuters.com;))