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Brief: Cognor Unit Seeks 28.6 Mln Zlotys From Danieli Automation In Settlement

April 20 (Reuters) - Cognor Holding COGP.WA:

SAID ON FRIDAY ITS UNIT COGNOR SA HAS FILED A MOTION FOR A SETTLEMENT WITH ITALY'S DANIELI AUTOMATION S.P.A

THE UNIT SEEKS PAYMENT OF 28.6 MILLION ZLOTYS IN DAMAGES FROM DANIELI

CLAIM RELATES TO ALLEGED IMPROPER EXECUTION OF A CONTRACT FOR THE DELIVERY AND IMPLEMENTATION OF Q-ONE SYSTEM

COGNOR ALLEGES A FAILURE OF A TRANSFORMER IN THE SYSTEM WAS DUE TO FAULTY EQUIPMENT SUPPLIED BY DANIELI, CAUSING DAMAGE TO THE COMPANY

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 (Gdansk Newsroom)

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