The Board's assessment is based on the fact that InCoax now sees a clear demand for the company's products and together with Operator customers can make a better forecast for the future sales of both the current product line and the new one that is under development in close collaboration with a major Tier-1 operator in North America.
The change in the accounting principle applies from the third quarter of 2020. Development costs that were previously expensed are not reported as an asset.
This information is such information as InCoax Networks AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 08:58 CET on November 26, 2020.
For more information:
Jörgen Ekengren, CEO, InCoax Networks AB
+46 73- 899 55 52