BrenX Signs Strategic Settlement with European Investment Bank (EIB) to Eliminate Approximately $4.8 Million of Debt and Strengthen the Balance Sheet
Settlement Provides for Elimination of Existing EIB Facility and Release of Related Security; Management Estimates Indicate Approximately 54% Reduction in Total Liabilities and 77% Increase in Shareholders' EquityAgreement Concludes Financing Chapter That Helped Establish the World's First Heat Bat…