we hereby inform you that the Company has entered into Memorandum of Understanding today i.e. 7th February 2020 with Cielo Inertial Solutions Ltd a limited liability company duly organized and existing under the laws of Israel whose registered office is situated at 5 Nahum Hefzadi St. Jerusalem 95484 Israel an expert among other activities in the design development and manufacture of closed loop FOG inertial solutions (The "Technology"); including IMUs; to explore the potential of combining their respective capabilities in order to promote and pursue opportunities for the marketing sale and production of IMUs
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