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Minerva To Focus On Climate85, Announces Sale Of Geology Division

Published on December 05, 2022 09:40 AM EST

Minerva To Focus On Climate85, Announces Sale Of Geology Division — Image source: ©2022 Kalkine Media®

Dec 5 (Reuters) - Minerva Intelligence Inc:

* MINERVA TO FOCUS ON CLIMATE RISK PLATFORM CLIMATE85 AND ANNOUNCES SALE OF GEOLOGY DIVISION

* MINERVA INTELLIGENCE - AGREEMENT WITH BENTLEY SYSTEMS FOR SEEQUENT, TO ACQUIRE CO'S GEOLOGY DIVISION INCLUDING DRIVER SOFTWARE PLATFORM, FOR $1 MILLION CAD

* MINERVA INTELLIGENCE - ALL PROCEEDS FROM SALE WILL BE DIRECTED TO CONTINUED DEVELOPMENT AND MARKETING OF CLIMATE85 MULTI-HAZARD API FOR CANADA

* MINERVA INTELLIGENCE - PROCEEDS FROM SALE, REVENUE FROM REMAINING PRODUCTS, REDUCED COST STRUCTURE GOING FORWARD, TO PROVIDE ADEQUATE WORKING CAPITAL FOR FORESEEABLE FUTURE Source text for Eikon: Further company coverage:

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