Valereum PLC (AQSE:VLRM, FRA:6TJ, OTCQB:VLRMF) told investors that negotiations over its definitive agreement with Quorium Global Photonics SPC are well advanced, as the digital markets group also confirmed receipt of part payment from the $300,000 contracted with QGP.
The AQSE-listed company flagged progress on the transaction (first announced on 31 March), with Thursday’s statement confirming the receipt of the part-payment
Chief executive Gary Cottle said the QGP relationship remains a “monumental transaction” for the company, adding that the board is working to finalise the agreement.
"We remain very excited about the opportunities that this will present to the company," Cottle said.