PROSTARM : MOU WITH SHENZHEN TOPBAND CO. LTD. FOR BESS MANUFACTURING CANCELLED

• Intimation regarding cancellation of Memorandum of Understanding ("MOU") with Shenzhen Topband Co. Ltd. for BESS Manufacturing. • The Company has determined that the proposed Project is not considered technically and economically feasible. • Changes in business and market environment, along with strategic realignment, led to the decision. • There is no material financial or operational impact on the Company arising from the cancellation. Impact: Neutral (Cancellation of non-material MOU due to feasibility and market changes)

Prostarm Info Systems Ltd

Open attachment

← Back to feed