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BRIEF-Agjunction Sharpens Focus With Sale Of Outback Guidance Business

Published 21/08/2018, 07:23 am
© Reuters.  BRIEF-Agjunction Sharpens Focus With Sale Of Outback Guidance Business
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Aug 20 (Reuters) - Agjunction Inc AJX.TO :

* AGJUNCTION SHARPENS FOCUS WITH SALE OF OUTBACK GUIDANCE BUSINESS

* AGJUNCTION INC - SPECIFIC TERMS OF TRANSACTIONS ARE CONFIDENTIAL

* AGJUNCTION - CO & HGNSS ENTERED INTO ROYALTY-BEARING, NON-EXCLUSIVE LICENSE DEAL FOR AGJUNCTION INTELLECTUAL PROPERTY USED IN OTHER HGNSS PRODUCTS

* AGJUNCTION INC - SALE OF ASSETS OF OUTBACK GUIDANCE (OUTBACK) BUSINESS TO HEMISPHERE GNSS (HGNSS), ALONG WITH A NEW TECHNOLOGY LICENSING AGREEMENT

* AGJUNCTION - ASSET SALE OF OUTBACK INCLUDES OUTBACK GUIDANCE BRAND, REBEL AUTOSTEERING PRODUCTS, CO'S HIAWATHA, KANSAS AND WINNIPEG, CANADA FACILITIES

* AGJUNCTION INC - HGNSS WILL ALSO RECEIVE A NON-EXCLUSIVE LICENSE TO CERTAIN AGJUNCTION PATENTS ASSOCIATED WITH OUTBACK BUSINESS

* AGJUNCTION INC - MAJORITY OF OUTBACK WORKFORCE ARE EXPECTED TO TRANSITION TO HGNSS

* AGJUNCTION - WILL RETAIN IP & ENGINEERING STAFF CONCENTRATED IN 2 ENGINEERING CENTERS OF EXCELLENCE IN SCOTTSDALE, ARIZONA, AND BRISBANE, AUSTRALIA

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