Brief: GTN Annonces Drone Loss

Gtn

17/07/2023 02:49

July 17 (Reuters) - GTN Ltd  GTN.AX :
    * AN ERROR OCCURRED DURING A DRONE LIGHT SHOW IN DOCKLANDS
WHICH
RESULTED IN EXECUTION OF BUILT IN FAIL SAFES IN DRONES
    * APPROXIMATELY 73 DRONES HAVE BEEN RECOVERED FROM WATER
WITH
REMAINDER STILL UNACCOUNTED FOR
    * THERE WERE NO INJURIES AND ALL DRONES LANDED IN DESIGNATED
SAFE
ZONE
    * ESTIMATED NET LOSS TO ATN IS A$1 MILLION AS INDIVIDUAL
DRONES
DID NOT CARRY HULL INSURANCE

Source text for Eikon:  ID:nASX5by1tb 
Further company coverage:  GTN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))