13th Nov 2014 11:13
LONDON (Alliance News) - PeerTV PLC said Thursday that customer Kartina Gmbh has confirmed in writing that PeerTV's next generation of set top boxes has "satisfactorily completed technical due diligence."
It is now awaiting confirmation that Kartina plans to proceed with the conditional purchase order for 20,000 of these boxes that it announced in September. It noted that there can be no guarantee the offer will proceed, or on which terms and in which time frame it may proceed.
PeerTV said it will provide further updates in "due course as and when they arrive."
Shares in PeerTV are trading down 7.1% at 0.0650 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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