TBK signs agreement on licensing-out retarder development technology to Sangshin Brake  [ Korea ]

TBK and Sangshin Brake Co., Ltd. of Korea have signed an agreement, under which TBK will be licensing-out technology related to the development of self-generating retarders for commercial vehicles. The contract is valued at JPY 150 million (approximately KRW 1,500 million). When the retarders are released, Sangshin Brake will pay 3 percent of the sales to TBK for a period of 10 years. The contr...
<Apr 30, 2014>