Brief: Mantex And ANDRITZ Agree Final Terms For Cooperation Regarding Biofuel Analyzer

Mantex AB

26/11/2019 12:17

Nov 26 (Reuters) - Mantex AB  MANTEX.ST :
    * CO AND ANDRITZ AGREE FINAL TERMS FOR COOPERATION REGARDING
BIOFUEL ANALYZER
    * ANDRITZ WILL HAVE RIGHT TO MOVE BIOFUEL ANALYZER,
INCLUDING
BIOFUEL ANALYZER OPERATIONS, TO JOINT VENTURE COMPANY ATAB
    * PARTIES HAVE AGREED THAT ANDRITZ WILL PROVIDE FINANCING OF
BETWEEN SEK 3.5-5 MILLION TO DEVELOP X-RAY TECHNOLOGY FOR
BIOFUEL ANALYZER
    * PARTIES BELIEVE COMMERCIAL ROLL-OUT OF PRODUCT CAN OCCUR
NO
EARLIER THAN THE END OF 2020

Source text for Eikon:  ID:nWkrcdtJHT 
Further company coverage:  MANTEX.ST 

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