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TD — TrenDevice SpA News Story

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Brief: Trendevice Announces Revocation Of Funding From SIMEST

June 12 (Reuters) - TrenDevice SpA TDE.MI:

SAID ON WEDNESDAY HAD RECEIVED NOTICE FROM SIMEST REVOKING PREVIOUSLY GRANTED FUNDING FOR FOREIGN MARKET ENTRY

COMPANY MUST REPAY ABOUT €716,000 WITHIN ONE MONTH

REVOCATION WAS DUE TO FAILURE TO PRODUCE FINAL REPORTING FOR PROJECT

BOARD OF DIRECTORS WILL EVALUATE SOLUTIONS TO ADDRESS COMPANY'S ECONOMIC-FINANCIAL TENSION

 Further company coverage: TDE.MI

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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