Data Control Technitic – “No Substance” In Rumors of Automaker Stake

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Data Control Technitic No Substance In Rumors
of Automaker Stake
1888 Press Release - Data Control Technitic is
describing rumors that an automaker has bought a
stake in its equity as unsubstantiated. Senior
figures at Hong Kong-based LiDAR pioneer, Data
Control Technitic are vehemently denying
suggestions that a large auto manufacturer has
taken a significant stake in the companys
equity. The denials come amid considerable
conjecture that a stake was sold to an automaker
in return for substantial inward investment aimed
at bolstering the companys research and
development operations ahead of the impending
unveiling of its next generation LiDAR
sensors. The companys Chief Technology Officer
would neither confirm nor deny that Data Control
Technitic had received interest from car makers
keen to leverage its considerable expertise but
he strenuously denied that any stake had been
acquired and reiterated that the companys equity
continued to be held entirely by the companys
directors, senior personnel and original
investors. While we are all too aware of the
fact that companies like Data Control Technitic
which operate at the cutting edge of technology
will always be of interest to larger companies
that may wish to buy their way into innovation,
we are far too occupied with the development,
testing and establishment of our suite of
products to concern ourselves with the
distraction that normally accompanies matters of
this nature. Suffice it to say that these rumors
are wholly unsubstantiated, explained the
CTO. The company is reportedly set to unveil its
latest hybrid LiDAR sensors at an upcoming
technology event but it has yet to confirm a firm
date for the debut. Unofficial sources at the
company recently suggested that early stage talks
with a regional motor manufacturer concerning the
future availability of the new sensors were
underway but the company has remained
tight-lipped on whether or not those talks were
taking place. https//www.datacontroltechnitic.co
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