Brief: Liberty Defense Enters Into Letter Of Intent With Drawdown Detection For A Proposed Merger Transaction

Liberty Defense Holdings

28/01/2020 18:57

Jan 28 (Reuters) - Liberty Defense Holdings Ltd  SCAN.V :
    * LIBERTY DEFENSE ENTERS INTO LETTER OF INTENT WITH DRAWDOWN
DETECTION FOR A PROPOSED MERGER TRANSACTION
    * ENTERED INTO LETTER OF INTENT WITH DRAWDOWN DETECTION TO
BUY A
100% INTEREST IN DRAWDOWN VIA A BUSINESS COMBINATION DEAL
    * HAS ALREADY TAKEN COST-CUTTING ACTIONS, BUT ADDITIONAL
REDUCTIONS WILL BE NECESSARY DURING TRANSITION PERIOD
    * GOAL FOR COMBINED ENTITIES IS TO HAVE HEXWAVE IN BETA
TESTING IN
Q1 2021 WITH PRODUCT SALES COMMENCING IN H2 2021

Source text for Eikon:  urn:newsml:reuters.com:*:nCNW23vL4a
Further company coverage:  SCAN.V 

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