Joint Venture6 Oct 2024, 01:16 am
Containe Technologies Ltd Signs 5-Year Technology Collaboration Agreement with Rontom Automotive Ltd
AI Summary
Containe Technologies Ltd has entered into a Technology Collaboration Agreement with Rontom Automotive Limited, a UK-based firm. The agreement focuses on the design, development, and manufacturing of Rontom Electronic Speed Limiting Device (ETL01) as per United Nations Standard ‘R89’ Speed Limitation devices (SLD) and adjustable speed limitation device (ASLD) in India for a period of 5 years.
Key Highlights
- Containe Technologies Ltd has signed a 5-year Technology Collaboration Agreement with Rontom Automotive Limited, a UK-based firm.
- The agreement covers the design, development, and manufacturing of Rontom Electronic Speed Limiting Device (ETL01) and adjustable speed limitation device (ASLD) in India.
- The collaboration is in line with United Nations Standard ‘R89’ Speed Limitation devices (SLD).
- This agreement is disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The collaboration is expected to strengthen Containe Technologies Ltd's presence in the automotive technology sector.