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BRIEF-Acceleware Announces $2.5 Mln Agreement With Advanced Micro Devices

Published 2018-10-22, 07:07 a/m
BRIEF-Acceleware Announces $2.5 Mln Agreement With Advanced Micro Devices

Oct 22 (Reuters) - Acceleware Ltd:

* ACCELEWARE LTD. ANNOUNCES US$2.5 MILLION AGREEMENT WITH ADVANCED MICRO DEVICES, INC

* ACCELEWARE LTD - WILL RECEIVE CASH COMPENSATION OF US$2.51 MILLION FROM AMD IN EXCHANGE FOR CUSTOM SOFTWARE ENGINEERING RESOURCES AND CONSULTING SERVICES

* ACCELEWARE LTD - AS PART OF AGREEMENT, CO'S CUSTOM SOFTWARE DEVELOPMENT TEAM WILL TRANSITION TO A NEW AMD SITE IN CALGARY

* ACCELEWARE LTD - WILL ALSO PROVIDE CONSULTING SERVICES TO AMD

* ACCELEWARE LTD - WILL USE US$2.51 MILLION LARGELY TO FINANCE ITS PREVIOUSLY ANNOUNCED RF XL COMMERCIAL-SCALE TEST

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