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DeepVerge enters into Memorandum of Understanding (“MoU”) for a Joint Venture with .
Deepverge PLCApril 28, 2021 GMT
China Resources will own 51% and DeepVerge will own 49% of the share capital
MoU covers the manufacture, assembly and sale of environmental monitoring equipment
DeepVerge PLC
(“DeepVerge” or “the Company”)
YORK, United Kingdom, April 28, 2021 (GLOBE NEWSWIRE) DeepVerge (LSE:DVRG.L), the environmental and life science AI company, announces that it has signed a non-binding Memorandum of Understanding (“MoU”) with China Resources Environmental Protection Development Limited (“China Resources”), a wholly-owned subsidiary of China Resources Group, to enter into a Joint Venture (“JV”) for the manufacture, assembly and sale of environmental monitoring equipment, with a view to future development of smart environmental platforms, equipment/device
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