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BRIEF-Addvalue Technologies clarifies on DBS' report dated May 23
May 24, 2017 / 8:47 AM / 6 months ago

BRIEF-Addvalue Technologies clarifies on DBS' report dated May 23

May 24 (Reuters) - Addvalue Technologies Ltd:

* Refers to DBS report dated May 23 which stated one of key risks facing the group may be “unable to secure grants to cover high research and development expenses..”

* Clarifies that, from 2014 to 2016, group received a grant of a significant sum from office for Space Technology and Industry

* Group is expected to have adequate funding to cover its ongoing research and development expenditure for at least new four-year grant period

* Group, in February 2017, received a further grant commitment of a much larger sum from OSTIN Source text for Eikon: Further company coverage:

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