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MetaVista3D, Inc. ( (TSE:DDD) ) has shared an announcement.
Metavista3D Inc. has mutually terminated a strategic distribution agreement that had granted Mysticum Limited exclusive rights to distribute its products in certain territories and has paid a settlement of approximately $5 million to reacquire those rights. The company said the exclusivity provisions had limited its ability to contract directly with key customers and fully benefit from previously announced and future deals, and it expects the termination—despite causing a short-term reduction in working capital due to the cash settlement—to enhance its operational flexibility and allow it to capture greater long-term economic value from projects in those markets, without adversely affecting its ability to conduct operations.
More about MetaVista3D, Inc.
Metavista3D Inc., through its wholly owned subsidiary psHolix AG, develops AI-driven pseudoholographic display technologies that enable glasses-free 3D visualization of spatial content, supported by a portfolio of more than 20 related patents. The company’s shares trade on the TSX Venture Exchange in Canada under the ticker DDD and on the Frankfurt Stock Exchange and other German venues under the ticker E3T, positioning it as a listed player in advanced display and visualization technologies.
Average Trading Volume: 33,719
Technical Sentiment Signal: Sell
Current Market Cap: C$72.21M
Learn more about DDD stock on TipRanks’ Stock Analysis page.