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ROSH HA AYIN, Israel, April 21, 2021 /PRNewswire/ Aquarius Engines (Aquarius Engines AM Ltd) (TASE: AQUA) Board and Audit Committee have approved a strategic agreement with Honda-affiliate Musashi Seimitsu Industry Co. Ltd, a leading publicly traded Japanese auto-parts manufacturer and one of the Aquarius Engines controlling shareholders. In addition, the Audit Committee classified the engagement as a transaction that is not an exceptional transaction in accordance with Section 117 of the Companies Law. The agreement focuses on strategic collaboration on research and development, assembly, distribution, marketing and sales of the Aquarius Engines and generators. The specifics of the deal are still subject to change with negotiations ongoing .
Aquarius Engines Gets Approval For Strategic Agreement With Honda-affiliate Musashi Seimitsu
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Aquarius Engines Gets Approval For Strategic Agreement With Honda-affiliate Musashi Seimitsu
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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ROSH HA AYIN, Israel, April 1, 2021 /PRNewswire/ Aquarius Engines (TASE: AQUA) has signed a memorandum of understanding with Japanese auto-parts manufacturer TPR, focused on cooperation between TPR and Aquarius s soon-to-be established Japanese subsidiary.
Aquarius Engines is in the process of establishing a sister company in Japan with the aim of promoting and strengthening ties with existing Japanese partners, which include Honda-affiliate Musashi Seimitsu and TPR.
The 10kg super efficient Aquarius Engine (Credit: David Katz) (PRNewsfoto/AQUARIUS ENGINES)
Aquarius Japan will work to create strategic partnerships across Asia and promote more business opportunities in the Japanese market. In addition to research and development to adapt the patented Aquarius linear engine to operate on hydrogen and penetrate the Japanese automobile market.
Aquarius Engines Signs New Deal With Japanese Auto-parts Manufacturer TPR
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.