Australia, Perth
Advanced Engine Components Ltd (AEC), producer of patented electronic fuel injection and engine management technologies for natural gas engines, has settled the terms of a Strategic Alliance Agreement with Norinco Equipment Co Ltd (“Norincoâ€) of China. Norinco is a subsidiary of state-owned China North Industries Group Corporation (“CNGCâ€), involved in the development and export of compressed natural gas (CNG) vehicles and engines. Norinco will utilise its brand and CNGC’s extensive domestic and international distribution network to promote CNG trucks, buses, chassis, engines, components and other natural gas related products.
Pursuant to the Strategic Alliance, AEC and Norinco will work together in the development of natural gas vehicle applications, facilitate production with CNGC’s subsidiary companies and cooperate in the marketing and sale of those products.
The Strategic Alliance will benefit AEC through the development of new engines, introduction to new markets and sales of existing engines using AEC’s natural gas vehicle system.
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