Location Sciences Group PLC (LON:LSAI) said it has received a letter before action alleging false statements and potential reputational harm and financial loss from partner Blis Global.
Blis, formerly known as Blis Media, has used Location Sciences‘s data verification platform Verify since September 2019.
Location Sciences noted that it has taken legal advice in relation to the letter and believes the claims made by Blis are baseless and that it will take all necessary action to protect the interests of the company.
In a statement, Mark Slade, Location Science’s chief executive, said: "While this is a wholly unsatisfactory situation, and one which we would have preferred to resolve privately, this does show our shareholders why our technology is needed in this deeply opaque market.”