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TECH - Techstep ASA News Story

NOK4.96 0.0  0.8%

Last Trade - 08/01/21

Sector
Technology
Size
Small Cap
Market Cap £69.6m
Enterprise Value £70.7m
Revenue £93.0m
Position in Universe 952nd / 1862

BRIEF-Birdstep Technology sells Birdstep Technology AB to Smith Micro Software for $2.0 mln

Wed 9th March, 2016 6:00am
March 9 (Reuters) - Birdstep Technology ASA  BIRD.OL : 
    * Sells its wholly owned subsidiary Birdstep Technology AB 
to Smith Micro Software, inc. for $2.0 million 
    * Teki Solutions to be appointed Bird's qualified partner 
in cooperation with Smith Micro 
    * 2016 Bird and Teki Solutions shall share profits from 
cooperation with Smith Micro on a 50/50 profit split basis 
    * Definitive distribution and partner agreements are to be 
negotiated, and are expected to be entered into prior to EGM.  
    * Bird shall get certain rights to distribute and utilise 
Smith Micro's products in Nordic markets in cooperation with 
partner 
    * Enters into a letter of intent with Middelborg to pursue 
possibility of merger between Bird and subsidiary of Middelborg 
to be established  
    * Intends to conclude a merger agreement during Q2  
 
Source text for Eikon:  ID:nObid3mCka  
     
Further company coverage:  BIRD.OL  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))
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