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Stock impact report

TIER IV secures credit facility with Japanese bank SMTB [Yahoo! Finance]

SUMITOMO MITSUI TR S/ADR (SUTNY) 
NASDAQ:AMEX Investor Relations: smtb.jp/tools/english
Company Research Source: Yahoo! Finance
worth US$7 million (¥1 billion) from Sumitomo Mitsui Trust Bank (SMTB), one of Japan's leading trust banks. (PRNewsfoto/TIER IV,INC) The facility provides flexible funding to meet working-capital needs arising from TIER IV's domestic and international expansion. It will support the wider rollout of the company's autonomous driving services, paving the way for the next stage of growth. Building on its advanced autonomous driving technology and established track record, TIER IV is accelerating the deployment of intelligent vehicles. The agreement with SMTB strengthens the company's foundations and reinforces its commitment to making autonomous driving accessible to all. About TIER IV TIER IV stands at the forefront of deep-tech innovation, pioneering Autoware , open-source software for autonomous driving. With a comprehensive suite of platforms and services built on Autoware, TIER IV provides everything from software development and vehicle procurement to operational support. Show less Read more
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