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| MDTL > SEC Filings for MDTL > Form 8-K on 16-Apr-2009 | All Recent SEC Filings |
16-Apr-2009
Termination of a Material Definitive Agreement
On September 27, 2005, Medis Technologies Ltd. (the "Company"), through More Energy Ltd., its wholly owned subsidiary, entered into an Agreement for Manufacture (the "Agreement") with Celestica Ireland Limited ("Celestica"), pursuant to which Celestica manages and operates the Company's high volume production line at Celestica's Galway, Ireland facility.
On April 2, 2009, the Company announced that it had provided notice to Celestica of its termination of the Agreement, effective September 26, 2009.
On April 10, 2009, Celestica formally terminated the Agreement as of that date, claiming More Energy and the Company breached their payment obligations under the Agreement.
The Company disputes Celestica's claims and has been and continues to be in
discussions with Celestica to amicably resolve this matter, of which there can
be no assurance.
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