Perth, Jan 21, 2009 AEST (ABN Newswire) - Leading Australian clean automotive technology company Automotive Technology Group (ATG) (ASX:ATJ) is pleased to announce that it has signed an agreement with one of China's major automotive vehicle manufacturers for the development and application of ATG's patented Sprintex Supercharger.
Under the terms of the Agreement, both parties will investigate the application of ATG's patented low emissions, high fuel efficiency Sprintex Supercharger products as a component in the Chinese manufacturer's vehicles, and also in other automotive applications.
The Agreement also covers the issues of Intellectual Property, Confidentiality and Non Circumvention. The Chinese automobile manufacturer is an original equipment manufacturer (OEM) of motor vehicles in China, which manufacturers over 400,000 vehicles a year, across all classes of vehicle, and has over 18,000 employees. Its vehicles are for both the Chinese domestic market and global export markets.
ATG Executive Director - Corporate Steven Apedaile said the Company was delighted to be able to confirm the agreement as another significant step forward in the growing appetite for ATG's lower emissions, high fuel efficiency Sprintex Supercharger in major international automotive markets. "The Chinese company is one of the major manufacturers of motor vehicles in China, and their interest in developing applications to use our product represents a potentially huge market opportunity for ATG," Mr Apedaile said.
ATG has recently commissioned a full SAE industry compliant Supercharger testing facility at its stateof- the-art Research & Development facility in Perth, Western Australia, which along with its recent ISO 9001/2008 quality assurance accreditation certification has allowed the company to complete the development of its green patented Sprintex Supercharger and Industrial compressor technology to the highest global industry standards.
Mr Apedaile said increasing numbers of motor vehicle and motorcycle manufacturers were turning to Supercharging to help achieve tougher emissions and fuel efficiency targets being enforced by governments globally, and that the interest in ATG's proven and tested technology continued to grow globally.
"The green technology Sprintex Supercharger achieves these two goals while ensuring the performance demanded by today's drivers can be achieved despite the move to smaller capacity engines, "Mr Apedaile said.
About Sprintex Limited
We go to great lengths to ensure the quality, durability, and ease of installation and maintenance of our patented twin-screw superchargers and systems. All of our supercharger units are run on a SAE J1723 test bench. No supercharger leaves our multi-million dollar facility unless it has met all the stringent tolerances required by the test bench and delivered excellent results. Our superchargers and systems are all built within ISO quality standards.
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