January 8, 2018 / 9:15 AM / 7 months ago

CORRECTED-(OFFICIAL)-BRIEF-Lubawa: Ordering Party Withdraws From Delivery Contract - Jan 8

(Corrects value of contract to 5.7 million zlotys from 7.6 million zlotys, and number of ordered field medical units to 6 from 8. Company corrects its own statement.)

Jan 15 (Reuters) - LUBAWA SA:

* SAID ON FRIDAY THAT MILITARY CENTER OF PHARMACY AND MEDICAL TECHNIQUES IN CELESTYNOW TERMINATED 5.7 MILLION ZLOTY GROSS CONTRACT WITH COMPANY SIGNED ON SEPT. 12, 2017

* UNDER THE CONTRACT COMPANY WAS TO DELIVER 6 FIELD MEDICAL FACILITIES

* AFTER THE FIRST DELIVERY OF 4 FIELD MEDICAL FACILITIES, ON NOV. 27, 2017 THE ORDERING PARTY WITHDREW FROM CONTRACT STATING THAT ONE OF DELIVERED ELEMENTS DOES NOT MEET ONE OF THE CRITERIA PROVIDED IN THE ORDER

* THE COMPANY IS REMOVING THE NON-CONFORMITY OF THE DELIVERY ITEM WHAT IS POSSIBLE WITHIN THE TIME ALLOWED BY PUBLIC PROCUREMENT LAW

* IN OPINION OF THE COMPANY WITHDRAWAL FROM THE CONTRACT IS INEFFECTIVE

* COMPANY DECIDED TO REVEAL ABOVEMENTIONED DETAILS AS THEY MIGHT AFFECT FY 2017 RESULTS

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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