World News: 19:20 GMT Friday 12th July 2019. [WaveTech Global via Globe Newswire via SPi World News]
HOBOKEN, N.J., July 12, 2019 (GLOBE NEWSWIRE) -- WaveTech Global, Inc. (the "Company" or "WaveTech"), a global next generation technology platform company that specializes in power management and efficiency, asset lifecycle extension, data-analytics, and intellectual property development, announced today the filing of a lawsuit in the United States District Court for the Southern District of New York against Spectrum Global Solutions, Inc. “SGSI”, in response to Spectrum Global Solutions’ misleading press release and defamatory remarks by Roger Ponder, CEO of Spectrum Global, on July 10, 2019. In the lawsuit, WaveTech Global is seeking return of capital advanced to Spectrum Global Solutions, Inc. “SGSI” and other damages and relief.
According to Keith Barksdale, “WaveTech Global intends to fully defend and protect its assets and reputation on its path of continued shareholder value creation.”
WaveTech Global, Inc. intends to provide an update on important milestones achieved by the company in the future.
Globe Newswire: 19:20 GMT Friday 12th July 2019
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