June 2 (Reuters) - Mach7 Technologies Ltd (M7T) :
- Expected that at least one of major pending contracts outside U.S. Will likely be signed in FY2018, rather than FY2017 as originally anticipated
- Co now expects to achieve its EBITDA break-even target during FY2018, rather than FY2017
- Company has decided to divest its 3D medical operations
- Targeting to make an announcement with respect to CEO appointment by 30 June 2017.
- "company expects to benefit from costs savings of at least $1.2 million per annum when compared to costs incurred for FY2017"
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