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Stormfageln AB signs five-year licence agreement with Italian designer IF Design.net srl.

NORDIC BUSINESS REPORT-4 July 2006-Stormfageln AB signs five-year licence agreement with Italian designer IF Design.net srl(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Swedish boat hull and propulsion systems developer Stormfageln AB announced on Tuesday (4 July) that it has signed the first licence agreement for its patented design and technology concept with Italian design company IF Design.net srl.

The five-year agreement gives IF Design.net the exclusive right to design and sell luxury leisure boats and yachts in the price range between USD5-15m based on the Stormfageln concept.

Under the terms of the agreement Stormfageln will receive a royalty of 5% on the sales price.

One US dollar (USD) is worth approximately 0.56 British pounds (GBP).

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Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUIT
Date:Jul 4, 2006
Words:135
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