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| Exchange Disseminated Time | Indo Tech Transformers Ltd has informed BSE that the Company has entered into a Technical and Marketing Assistance Agreement with E.I. Dupont India Pvt Ltd (DUPONT), Gurgaon, for
Technical and Marketing Assistance in respect of ReliatraN Brand Dry Type Vacuum Pressure Impregnated (VPI) Transformers. E.I. Dupont India Pvt Ltd is a wholly - owned subsidiary of "E.I. du Pont de Nemours and Company", USA, (a Fortune 100 Company) having its principal place of business at Wilmington, Delaware, U.S.A.
Under the terms of this Agreement, DUPONT would provide technical, marketing, analytical and business information to the Company. The Company would use the above confidential information and procure the Insulation Material and Wrapped Conductor supplied by DUPONT for the manufacture of Dry Type VPI Transformers.
DUPONT will provide comprehensive know-how and technical support in terms of designs, production process and specialized manufacturing practices for the ReliatraN Brand Vacuum Pressure Impregnated Dry Type Transformers. This will use the patented NOMEX aramide paper produced and supplied by DUPONT which will give higher thermal capacity. The Vacuum Pressure Impregnation gives higher mechanical stability.
DUPONT will also help in setting up the Dry Type Transformer Plant within the Company's Thirumazhisai complex. All the major equipments for the plant has been ordered. Additions
to the existing Building in line with DUPONT’s requirements is being carried out by the
Civil Contractor, Consolidated Construction Consortium Ltd (CCCL).
In consideration of DUPONT providing the above assistance, the Company would pay to
DUPONT the following percentage of gross revenue less local taxes from the sale of Dry
Type Transformers as Royalty:
1. Private / Public Utility (Electricity generation / Distribution / Transrnission Companies / bodics): 3%.
2. All other including Retail Customers : 5%.
3. On case to case basis, DUPONT may reduce Royalty after detailed evaluation and Mutual Agreement for Retail Customers.
The Agreement shall he effective from August 01, 2006 and shall remain in effect till December 31, 2008 and may be renewed by mutual consent. DUPONT shall be at liberty to terminate this Agreement by giving 90 days prior notice to the Company. |
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