Brief: SSH Communications Security Gets R&D Grant From Business Finland

SSH Communications Security Oyj

04/05/2020 11:43

May 4 (Reuters) - SSH Communications Security Oyj
 SSH1V.HE :
    * BUSINESS FINLAND HAS AWARDED A 1.3 MILLION EURO RESEARCH
AND
DEVELOPMENT GRANT TO SSH.COM FOR DEVELOPMENT OF QUANTUM-SAFE
CRYPTOGRAPHY
    * PROJECT IS A PART OF DIGITAL TRUST FINLAND PROGRAM BY
BUSINESS
FINLAND FOCUSED ON DRIVING COLLABORATION BETWEEN FINNISH
COMPANIES AND GLOBALLY GROWING MARKET OF DIGITAL TRUST-BASED
BUSINESS MODELS AND SOLUTIONS
    * ESTIMATES THAT FUNDING WILL COMMENCE DURING CURRENT
QUARTER, AND
PROJECT WILL RUN THROUGH YEAR 2022
    * FUNDING WILL BE RECOGNIZED UNDER OTHER OPERATING INCOME
FROM
2020 TO 2022 IN PROPORTION WITH INCURRED COSTS

Source text for Eikon:  ID:nGNEdK5M8 
Further company coverage:  SSH1V.HE 

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