Brief: Titan Settles Contractual Dispute With Contract Manufacturer
01/04/2024 23:23
April 1 (Reuters) - Titan Medical Inc TMD.TO :
* TITAN SETTLES CONTRACTUAL DISPUTE WITH CONTRACT
MANUFACTURER
* TITAN MEDICAL INC: AGREED TO PAY CONTRACTOR AN AGGREGATE
OF US$2
MILLION, WITH FINAL PAYMENT INSTALLMENT TO BE MADE ON OR BEFORE
JUNE 24
* TITAN MEDICAL INC: UPON RECEIPT OF FULL US$2 MILLION,
CONTRACTOR
WILL DELIVER OUTSTANDING MATERIAL, INVENTORY, AND
WORKS-IN-PROGRESS TO TITAN
Source text for Eikon: ID:nGNX1l4r3s
Further company coverage: TMD.TO
((Reuters.Briefs@thomsonreuters.com;))
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