Brief: Data I/O Provides Update On Operations Amid Covid-19 Outbreaks In China

Data I/O

29/03/2022 21:25

March 29 (Reuters) - Data I/O Corp  DAIO.O :
    * DATA I/O PROVIDES UPDATE ON OPERATIONS AMID COVID-19
OUTBREAKS
IN CHINA
    * DATA I/O CORP - SHANGHAI GOVERNMENT ANNOUNCED FURTHER
RESTRICTIONS ON OPERATIONS THAT ARE EXPECTED TO SHUT DOWN OUR
FACILITY FROM MARCH 29 THROUGH APRIL 5
    * DATA I/O CORP - WITH PRIOR COVID RESTRICTIONS AND NOW
SHUTDOWN,
REVENUE SHIPMENTS OF APPROXIMATELY $1 MILLION ARE HELD UP AND
DELAYED UNTIL Q2
    * DATA I/O CORP - HAVE NOT RECEIVED ANY REQUESTS TO CANCEL
ORDERS
TO DATE
    * DATA I/O CORP - EXPECT TO DELIVER FINISHED SYSTEMS AND
OTHER
PRODUCTS AS SOON AS LIMITATIONS ARE LIFTED
    * DATA I/O CORP - IF REQUIRED, WE CAN MOVE PRODUCTION TO OUR
REDMOND FACILITY; BUT WE DO NOT ANTICIPATE THIS WILL BE REQUIRED
FOR THESE SHIPMENTS
    * DATA I/O CORP - HAS NO OPERATIONS IN UKRAINE OR RUSSIA,
AND WE
REMAIN IN COMPLIANCE WITH ALL RELEVANT INTERNATIONAL TRADE
REGULATIONS

Source text for Eikon:  ID:nBwVzQnKa 
Further company coverage:  DAIO.O 

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