Key Developments: Corewafer Industries Inc (WAFR.PK)
22 Aug 2014
Latest Key Developments (Source: Significant Developments)
COREwafer Industries Inc announced that the merger filings, related to the acquisition of Core Wafer Systems, Inc., a technology in semiconductor testing, have been sent to the State of Nevada and the State of New York. The acquisition process is near completion, and shareholders will be able to view the filings once the State of Nevada and the State of New York accept and process the filings. Terms of the transaction were not disclosed. Full Article
Core Wafer Systems Finalizes Settlement With Sandia Technologies And Updates On Merger Into COREwafer Industries, Inc.
COREwafer Industries Inc announced that the acquisition of Core Wafer Systems, will soon be completed. Core Wafer Systems has reached a settlement agreement related to the intellectual property lawsuit with Sandia Technologies. Although Core Wafer Systems believes that it would have ultimately prevailed in the lawsuit, the Company has chosen to settle and not continue the litigation. This settlement puts to rest the ownership issues of the intellectual property arising from Core Wafer's purchase agreement of Sandia Technologies and gives Core Wafer Systems complete transfer of Sandia Technologies rights and ownership of all intellectual property in question. COREwafer Industries can now move quickly ahead with the filing of paperwork with state and regulatory bodies regarding its acquisition of Core Wafer Systems that were previously on hold, pending this settlement. Full Article