PHI secure working capital until 2022
To bridge and adapt to the consequences of the COVID-19 pandemic, Phase Holographic Imaging (PHI) has received a binding credit facility of 15 MSEK. Together with the furloughing covenant that was recently concluded with the labor union Sveriges Ingenjörer, the company anticipates that the credit facility will secure the company's working capital until 2022. The facility provides PHI with a reserve in case additional aid provided by the government proves to be too compromised and insufficient, once it reaches companies in its final form.Closed borders, travel restrictions and customers in