Bluechiip Ltd (ASX:BCT) Lodgment of Open Briefing
- Labcon settlement
- OEM negotiation
openbriefing.com
BCT has announced a settlement with Labcon that includes BCT receiving cash; the return of BCT products; and a new supply agreement with Labcon. Can you give us the key details of this including how the new supply agreement will work and also some background as to when the dispute arose?
MD
We re very pleased to have resolved our dispute with Labcon. The details of the resolution are available in the statement we released on June 24, 2021, but are as follows:
Labcon has agreed to provide Bluechiip with $1,600,000 USD, comprising an $850,000 USD cash payment and return of $750,000 USD worth of Bluechiip delta tags and products previously sold to and paid for by Labcon. These will be incorporated or repurposed into the newest generation of Bluechiip Products including Bluechiip s new range of Bluechiip Enabled consumables. In addition, Labcon and Bluechiip have
Bluechiip Ltd (ASX:BCT) Lodgement of Open Briefing
Lodgement of Open BriefingMelbourne, May 27, 2021 AEST (ABN Newswire) - Bluechiip Ltd (
ASX:BCT) Lodgement of Open Briefing - Managing Director, Andrew McLellan: Bluechiip s results for Q3FY21; pipeline developments; direct to market strategy.
In this Open Briefing(R), Andrew discusses sales activities, evaluations and market conditions.
openbriefing.com
Bluechiip s sales teams in the USA and Australia have resumed in-person product demonstrations, where possible, and recently installed evaluation systems into several customer sites. How recently and quickly has activity accelerated and as lockdowns continue to ease how soon do you expect customer engagement to return to normal ?