The phrase "announce its intent" is correct and usable in written English.
It can be used when referring to a formal declaration or statement of purpose by an individual or organization.
Example: "The company plans to announce its intent to expand operations in the coming months."
Alternatives: "declare its purpose" or "state its intention."
It also could announce its intent to keep its benchmark interest rate near zero beyond late 2014.
Others expect that it will instead announce its intent to keep its benchmark interest rate near zero beyond its current forecast of late 2014.
Last week, Range Resources went so far as to announce its intent to disclose the contents of its fracking fluids to Pennsylvania regulators and to publish them on the company's Web site.
For months the rumors swirled on watch sites in the blogosphere: Patek Philippe, the iconic Geneva watchmaker, would use this week's Baselworld fair in Switzerland to present new movements without the Poinçon de Genève, the famed Geneva Seal, and might announce its intent to drop the quality mark from some, perhaps all, of its future movements.
Continental is the latest top-tier automotive supplier to work with Nvidia, and the latest to announce its intent to build a full-scale, top-to-bottom autonomous driving system.
PepsiCo is actually the second large beverage concern this week to announce its intent to purchase some of Tesla's all-electric Class 8 heavy-duty towing vehicles; Budweiser brewer Anheuser-Busch revealed earlier that it has put down money for 40 Tesla Semis.
The hand-held computers are part of the company's semiannual new product announcement, the last round before Palm completes its acquisition of Handspring, a competitor it announced its intent to purchase this summer.
Today, it announced its intent to acquire San Francisco startup Codenvy to continue building on that strategy and give developers access to a cloud-based integrated development environment.
Today, it announced its intent to buy Tropo, a Twilio-like communications platform for adding telephony, messaging and other communications tools to any application.
MocoSpace recently made waves when it announced its "intent" to purchase torubled social network MySpace from News Corp. MocoSpace CEO Justin Siegel said that MySpace would probably sell for between $50 million and $200 million.
It originally announced its intent to acquire King in November 2015.
