Eurotech: USD 3M escrow deposit related to Parvus Corp. sales released

As per the contract, 18 months after closing the whole escrow amount of 3 million USD has been credited to Eurotech S.p.A.
Amaro (Italy) - April 3rd, 2015 - Eurotech, a leading supplier of embedded computer technologies and M2M platforms for the Internet of Things, announces that, as per the contract for the sale of Parvus Corp. signed on October 1st 2013, on the natural expiration of the time constraint of 18 months from the closing date, the full amount of the escrow deposit, equal to USD 3 million, has been credited to Eurotech S.p.A..
"It's the perfect ending of a successful operation", said Sandro Barazza, Chief Financial Officer and Director of Eurotech. "At today's exchange rate the amount released shall correspond to about 2.7 million euro."

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