Update on CybAero’s Agreements with ACC Group AB and AVIC Supply
In February CybAero announced the rejection of an application for an export license regarding export for deliveries under the framework agreement signed between CybAero, ACC Group AB, and AVIC Supply and Marketing Huabei CO. LTD 2014 and the delivery agreement for 20 systems signed between CybAero and ACC Group AB in 2015. Information on the framework agreement was announced to the market on July 2, 2014 and information on the delivery agreement on March 31, 2015. On April 12, 2017 CybAero alerted the market to a recall of an export license by the ISP (Inspectorate for Strategic Products)