30th March 2022
30th March 2022
The Company is delighted to confirm that all terms have been finalised and concluded with a major multinational technology business for its licensing deal. Financial settlement follows during Q2 2022.
The Company expected negotiations to release the value of its remote monitoring DaaP to be completed by the end of Q1. It has nevertheless made significant progress and has strategically aligned the timing of the final conclusion of these negotiations to tie in with the licensing deal. It is confident of achieving a beneficial conclusion to maximise shareholder value.
The Company remains under strict non-disclosure agreements. All further updates will be published on www.cloudtag.com.