Cxense invests in mporium - supporting strategic partnership, technology adoption and distribution
(WorldNews Norway)

Oslo, Norway - 21 March 2017 - Cxense ASA (Cxense) (OSE: CXENSE) today announced that it has made an investment of GBP 0.65 million in mporium Group plc (mporium) (AIM:MPM) through participation in a GBP 3.05 million private placement to strengthen mporium`s balance sheet and growth capacity. In May 2015 Cxense and mporium formed a strategic partnership enabling mporium to upgrade its technology platform with Cxense advanced, real-time technology. As part of this strategic partnership between the two companies, mporium issued 100,000,000 shares to Cxense valued at 2p each. As consideration mporium received a three-year license agreement from Cxense, GBP 0.5 million in cash and 53,113 Cxense...