DIRTT Makes Statement Regarding U.S. Litigation
11 Dezembro 2019 - 6:18PM
DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”)
(TSX:DRT, NASDAQ:DRTT), an interior construction company that uses
technology for client-driven design and manufacturing, filed a
federal lawsuit in the U.S. District Court of Utah against
Falkbuilt Ltd, Falkbuilt, LLC, Falk Mountain States, LLC, Kristy
Henderson, and former DIRTT employee Lance Henderson. This action
seeks to restrain the defendants from misappropriating DIRTT’s
confidential information, trade secrets, business intelligence and
customer information, and using that information to advance
Falkbuilt’s U.S. businesses to the detriment of DIRTT.
The Company stated: “We are taking this action today to protect
our brand, our business and the interests of our employees,
clients, distribution partners, suppliers and shareholders and the
communities we are privileged to serve. While we do not believe
these efforts to interfere with our Company have had a material
impact on our financial performance to date, such activity cannot
be overlooked. We will take appropriate steps to safeguard the
value of our business, brand, trusted relationships we have in the
marketplace, and our longstanding commitments to our stakeholders.
We intend to pursue this action to the fullest extent allowed by
the law.”
The filing can be viewed at this link:
http://doc-dir.com/uploads/complaint.pdf
Special Note Regarding Forward-Looking
Statements Certain statements contained in this news
release are “forward-looking information” and “forward-looking
statements” (collectively, “Forward-Looking Information”) as
defined under applicable provisions of the United States Private
Securities Litigation Reform Act of 1995, and Section 21E of the
Exchange Act and within the meaning of applicable Canadian
securities laws. All statements, other than statements of
historical fact included in this news release, regarding the
federal lawsuit, including the potential outcome of the lawsuit,
the effect of previous efforts by the defendants on DIRTT's
financial performance and the plans and objectives of management is
Forward-Looking Information. When used in this news release,
the words “anticipate,” “believe,” “expect,” “intend,” “plan,”
“may,” “will,” “should,” “would,” “could,” “can,” the negatives
thereof, variations thereon and other similar expressions are
intended to identify Forward-Looking Information, although not all
Forward-Looking Information contains such identifying words.
Forward-Looking Information, by its nature, is based on
assumptions, and is subject to important risks and
uncertainties. You should not rely on any Forward-Looking
Information, which represents our beliefs, assumptions and
estimates only as of the dates on which it was made, as predictions
of future events. We undertake no obligation to update this
Forward-Looking Information, even though circumstances may change
in the future, except as required under applicable securities laws.
We qualify all of our Forward-Looking Information with these
cautionary statements.
About DIRTT DIRTT is a building process
powered by technology. The Company uses its proprietary ICE®
software to design, manufacture and install fully customized
interior environments. The technology drives DIRTT’s advanced
manufacturing and provides certainty on cost, schedule and the
final result. Complete interior spaces are constructed faster,
cleaner and more sustainably. DIRTT’s manufacturing facilities are
located in Phoenix, Savannah and Calgary and the Company works with
nearly 100 sales construction partners globally. DIRTT trades on
the Nasdaq under the symbol “DRTT” and on the Toronto Stock
Exchange under the symbol “DRT.” For more information, visit
www.dirtt.com/investors.
For more information, please contact:
Kim MacEachern
Investor Relations, DIRTT
Kmaceachern@dirtt.com
403.618.4539
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