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Tag Archives: Brent Barnes

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LBT Innovations writes down major technology

Manufacturing News, TechnologyBy Peter RobertsAugust 8, 2023

Microbiology diagnostic equipment manufacturer LBT Innovations has fully written down the value of its major business centred on its APAS technology. The company has recognised a non-cash impairment of $13.4 million which is the full carrying value of the company’s intangible assets related to APAS, as well as a non cash write off of around…

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