Brief: Desert Control Updates On Strategic Review

Desert Control AS

13/06/2023 15:08

June 13 (Reuters) - Desert Control AS  DSRT.OL :
    * UPDATE ON STRATEGIC REVIEW
    * ENTERED NON-BINDING LETTERS OF INTENT WITH SELECTED
PARTIES WITH
WHOM IT IS ANTICIPATED TO REACH FINAL AGREEMENTS BY AROUND
MID-YEAR
    * CHANGE OF BUSINESS MODEL AIMS TO UNLOCK CASH AND REDUCE
OPERATING COSTS FOR DESERT CONTROL.
    * PIVOT TOWARDS A LICENSING MODEL WILL LEVERAGE CAPACITY AND
REACH
OF LOCAL OPERATORS IN MIDDLE EAST

Source text for Eikon:  ID:nObiPVbTCa 
Further company coverage:  DSRT.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))