ABBS Progressing Armoured Vehicle Patent Licensing Deal

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ABBS’s significant patent licensing deal with “a major armoured vehicle industry player” (parties are currently under NDA) is proceeding well.

A draft contract has been produced and commented on, with a further iteration due any time. A meeting in the USA is being planned for mid-April to finalise the terms, with completion expected before the end of May.

If this completes as expected, the ABBS revenue for 2019 will already be up 50% on the previous full year.

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