Business Update29 Feb 2024, 03:37 pm
NIBE Ltd enters into Licensing Agreement for Solar Heated Shelters
AI Summary
NIBE Ltd has entered into a Licensing Agreement with Director, Defence Institute of Physiology and Allied Services (DIPAS) and Director, Industry Interface and Technology Management (DIITM) for the transfer of technology of Solar Heated Shelters, effective from February 20, 2024. The agreement is non-exclusive for 10 years and the company will pay royalty for technology transfer.,
Key Highlights
- Entered into Licensing Agreement for Solar Heated Shelters
- Effective from February 20, 2024
- Non-exclusive agreement for 10 years
- Royalty payment for technology transfer