calcalist.co.il ✍️ TSG, a defense technology company, announced that a foreign ...

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2025-04-15 14:25:52

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calcalist.co.il (nprofile…m2lw)
✍️ TSG, a defense technology company, announced that a foreign customer, the Philippines, has cancelled its contract with the company, despite having already paid $12 million and owing $4 million more.
👉 TSG has a contract with the Philippines to provide a "smart police" system
👉 The Philippines has cancelled the contract, despite having already paid $12 million and owing $4 million more
👉 TSG has stated that the cancellation is invalid and will take all necessary steps to protect its rights

#Israel #Philippines #business

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nevent1q…gm0x
calcalist.co.il (nprofile…m2lw)

The company has already provided a smart system to the local police department for $12 million, and it owes them another $4 million; however, difficulties with a supplier of one of the components led to a cancellation notice; this is a 'smart police system' that connects information and allows for suspect identification.
https://www.calcalist.co.il/market/article/hywzej3rye

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2025-04-15 14:25:52

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