Brief: Dirtt Environmental Solutions To Focus Sales Effort On Core Suite Of Customized Products

DIRTT Environmental Solutions

22/02/2022 13:31

Feb 22 (Reuters) - DIRTT Environmental Solutions Ltd
 DRT.TO :
    * DIRTT ENVIRONMENTAL SOLUTIONS LTD - FOCUSING SALES EFFORT
ON
CORE SUITE OF CUSTOMIZED PRODUCTS
    * DIRTT ENVIRONMENTAL SOLUTIONS LTD - RECONFIGURING AND
RATIONALIZING MANUFACTURING FOOTPRINT
    * DIRTT ENVIRONMENTAL SOLUTIONS LTD - STREAMLINING COMPANY'S
GO-TO-MARKET STRATEGY
    * DIRTT ENVIRONMENTAL SOLUTIONS LTD - ANNOUNCED MULTIPLE
INITIATIVES TO REDUCE ITS FIXED ANNUALIZED OPERATING EXPENSES BY
APPROXIMATELY 14%
    * DIRTT ENVIRONMENTAL SOLUTIONS LTD - WILL EXPAND ALUMINUM
MANUFACTURING AT ITS FACILITIES IN CALGARY, ALBERTA AND
SAVANNAH, GEORGIA
    * DIRTT ENVIRONMENTAL SOLUTIONS LTD - CLOSING ITS ALUMINUM
FACILITY IN PHOENIX, ARIZONA
    * DIRTT ENVIRONMENTAL SOLUTIONS LTD - EFFECTIVE MAY 1, 2022,
DIRTT
IS CHANGING ITS STANDARD PAYMENT TERMS TO 50% DUE ON SHIPMENT,
INSTEAD OF ON ORDER
    * DIRTT ENVIRONMENTAL SOLUTIONS LTD - ALTERING ITS ORDER
ENTRY
PROCESS, WHICH IT ANTICIPATES WILL FACILITATE A REDUCTION IN
STANDBY PRODUCTION CAPACITY
    * DIRTT ENVIRONMENTAL SOLUTIONS LTD - ENTIRE SENIOR
EXECUTIVE TEAM
HAVE ELECTED TO RECEIVE 100% OF THEIR 2021 VARIABLE COMPENSATION
IN SHARES RATHER THAN CASH

Source text for Eikon:  ID:nGNX5kSNDh 
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