Joint Venture24 Sept 2025, 12:43 pm
Ideaforge Technology Ltd Subsidiary Enters Joint Venture Agreement with First Breach Inc. in the USA
AI Summary
Ideaforge Technology Ltd's wholly owned subsidiary, ideaForge Technology Inc., has entered into a joint venture agreement with First Breach Inc. The JV, named First Forge Technology Inc., will undertake the business of licensing, sourcing, designing, engineering, manufacture and distribution of specific IF UAVs in the USA. The JV is subject to satisfactory completion of due diligence and obtaining necessary permissions, clearances and approvals from relevant statutory/regulatory authorities.
Key Highlights
- Ideaforge Technology Inc. and First Breach Inc. to form a Joint Venture Company named First Forge Technology Inc.
- The JV will manufacture, develop, and distribute drones in the USA.
- Both IF and FB will equally hold shares representing special rights in the JV.
- The JV is subject to satisfactory completion of due diligence and obtaining necessary permissions.
- IdeaForge Technology Limited is the promoter of Ideaforge Technology Inc.