Papyrus Australia Ltd (AU:PPY) has released an update.
Papyrus Australia Ltd has successfully delivered a production facility to the Egyptian Government’s National Authority for Military Production and continues to manage operations under a six-year agreement. The company is also in phase two contract negotiations for additional facility equipment, with plans for a high-profile launch event. Additionally, Papyrus is assessing a consolidation strategy for full control of its Egyptian operations and exploring potential government funding for product development, while engaging with partners across various countries for business expansion.
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