Brief: Nanosynth Group Will Not Continue To Manufacture Masks

Nanosynth

01/06/2022 07:40

June 1 (Reuters) - Nanosynth Group PLC  NNNN.L :
    * NANOSYNTH GROUP PLC  - UPDATE ON ANTIVIRAL MASK BUSINESS
    * NANOSYNTH - WILL EVOLVE ITS MASK STRATEGY TO FOCUS ON
LICENSING
ITS NOVEL TECHNOLOGY INTO MULTIPLE VERTICALS RATHER THAN
MANUFACTURING MASKS DIRECTLY
    * NANOSYNTH GROUP PLC - NO LONGER CONSIDERED TO BE
FINANCIALLY
VIABLE FOR COMPANY TO CONTINUE MANUFACTURING MASKS
    * NANOSYNTH GROUP - EXISTING STOCK OF MASKS WILL BE WRITTEN
OFF IN
CO'S ACCOUNTS DUE TO INCREMENTAL COST OF READYING EXISTING STOCK
FOR COMMERCIAL SALE

Source text for Eikon:  ID:nRSA4540Na 
Further company coverage:  NNNN.L 

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