Xtera Communications (XCOM) to Resume Trading at 5:30 PM ET
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Xtera Communications (XCOM) Reports Notice of Termination of Master Manufacturing Agreement with Foxconn
August 22, 2016 5:12 PM EDTXtera Communications (NASDAQ: XCOM) disclosed in an SEC filing:
On August 17, 2016, Xtera Communications, Inc. (Xtera or the Company) received a notice of termination (the Notice) of the Master Manufacturing Agreement between the Company and NSG Technology, Inc. (Foxconn), dated as of January 1, 2013 (the Agreement), pursuant to the default and termination provisions contained therein.The Company uses Foxconn, an independent contract manufacturer, to manufacture and assemble its products. In the Notice, Foxconn cited that it was terminating the Agreement due to Xteras non-payment of the outstanding accounts receivable, as well as unpaid material and inventory liabilities, in... More
Xtera Communications (XCOM) Halted, News Pending
August 22, 2016 4:59 PM EDTXtera Communications (NASDAQ: XCOM) Halted, News Pending
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