Trendevice Announces Revocation Of Funding From SIMEST
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TrenDevice SpA 
TD:
SAID ON WEDNESDAY HAD RECEIVED NOTICE FROM SIMEST REVOKING PREVIOUSLY GRANTED FUNDING FOR FOREIGN MARKET ENTRY
COMPANY MUST REPAY ABOUT €716,000 WITHIN ONE MONTH
REVOCATION WAS DUE TO FAILURE TO PRODUCE FINAL REPORTING FOR PROJECT
BOARD OF DIRECTORS WILL EVALUATE SOLUTIONS TO ADDRESS COMPANY'S ECONOMIC-FINANCIAL TENSION
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