Brief: Saltx Negotiating To Terminate License For Gas Heat Pumps In China

SaltX Technology Holding AB (publ)

01/03/2019 09:01

March 1 (Reuters) - SaltX Technology Holding AB  SALTb.ST :
    * SALTX NEGOTIATING TO TERMINATE THE LICENSE FOR GAS HEAT
PUMPS IN
CHINA
    * NEGOTIATES TO END LICENSE AND COOPERATION AGREEMENT WITH
STJERNBERG AUTOMATION AB
    * SALTX THUS REPAYS SEK 3.2 MILLION IN PREVIOUSLY PAID
LICENSE
COMPENSATION
    * SAYS REASON IS THAT COLLABORATION HAS NOT PROVIDED
INTENDED
RESULTS
    * AS IT RELATES TO REPORTED REVENUE FOR 2017 AND 2018 OF SEK
2.1
MILLION, COMPENSATION IN RETURN WILL BE REPORTED AS NEGATIVE NET
SALES

Source text for Eikon:  ID:nWkrM8slt 
Further company coverage:  SALTb.ST 

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