Amerityre and Ace sign memorandum agreement.Amerityre, Boulder City Boulder City, residential city (1990 pop. 12,567), S Nev., just W of Hoover Dam near Lake Mead; inc. 1959. Built (1932) by the federal government as headquarters during the dam's construction, it became a self-governing municipality by act of Congress in 1958. , NV, has entered into a non-binding memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with Ace Products, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Newport, TN, for a proposed transaction involving the licensing of certain technology and the sale of certain manufacturing equipment and inventory. Under the proposed terms, Amerityre intends to provide a license to Ace for the manufacture and sale of low-duty, non-highway-use tires. Amerityre also proposes to sell to Ace certain equipment for the manufacture of such tires, as well as existing inventory of Amerityre's closed-cell polyurethane polyurethane Any of a class of very versatile polymers that are made into flexible and rigid foams, fibres, elastomers (elastic polymers), surface coatings, and adhesives. Flatfree tire products. The license is expected to include provisions for Amerityre to supply chemicals to Ace for the manufacture of designated tire products during the license term. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion