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MIPS - Mips AB News Story

SEK378.6 2.8  0.8%

Last Trade - 10/08/20

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £862.1m
Enterprise Value £844.7m
Revenue £23.0m
Position in Universe 302nd / 1782

BRIEF-Mips Acquires Brand Glidewear, Associated Patent Rights

Tue 25th June, 2019 4:50pm
June 25 (Reuters) - Mips AB  MIPS.ST :
    * MIPS ACQUIRES THE BRAND GLIDEWEAR AND THE ASSOCIATED PATENT RIGHTS
    * MIPS AB - PURCHASE PRICE AMOUNTS TO APPROXIMATELY USD 1 MILLION, PAYABLE IN CASH
    * MIPS AB - ACQUISITION IS NOT EXPECTED TO HAVE ANY MATERIAL IMPACT ON NET SALES OR EBIT FOR
MIPS
DURING 2019
    * MIPS AB - AGREEMENT TO BUY BRAND GLIDEWEAR, PATENT RIGHTS ASSOCIATED WITH GLIDEWEAR
TECHNOLOGY
OWNED BY TAMARACK HABILITATION TECHNOLOGIES
    * MIPS AB - TAMARACK GRANTED ROYALTY FREE LICENSE BY MIPS DURING EIGHT-YEAR PERIOD TO
CONTINUE TO
USE TECHNOLOGY FOR ITS EXISTING MEDICAL APPLICATIONS

Source text for Eikon:  ID:nWkr1jmd5N 
Further company coverage:  MIPS.ST 

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