Posts Tagged ‘JV Agreement’

ASX Company News: AP Eagers Enters Carsguide JV Agreement With News Ltd

Friday, May 6th, 2011

A.P. Eagers Limited (APE) has entered into a non-binding heads of agreement with News Limited and a foundation consortium of motor dealers including Automotive Holdings Group Limited and Trivett Classic Pty Ltd to create a new online, car sales listing offering.

The dealer consortium which will represent 50% of the joint venture, will be expanded to include a significant portion of Australia’s motor dealership industry. A.P. Eagers expects to have an ownership interest in the venture of 7.5%.

It is expected that combining the strength of News Limited’s Carsguide brand, with the breadth and depth of News Limited’s marketing support in newspapers and digital media, and the industry’s leading motor dealers will create a significant player in online car listings and content, and will offer the industry a real alternative to carsales.com.au, the dominant industry provider.

A.P. Eagers is excited to be involved in this landmark venture and believes extensive industry involvement in the new Carsguide venture will provide a superior customer experience for the car buying public. It is expected that final binding agreements for the venture will be completed next month and the new Carsguide will be operational in the second half of 2011.

www.apeagers.com.au

http://www.traderdealer.com.au/fundamentals/ape

Post to Twitter

Tags: , , , , , , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Minemakers Enters Joint Venture With Clancy Exploration

Thursday, January 6th, 2011

Minemakers’ (MAK) has entered a Joint Venture with Clancy Exploration Limited (CLY) over two exploration licences in north- west Tasmania. These tenements contain tin/lead/silver deposits and have considerable potential for discovery of large tonnage replacement style ore bodies such as Renison, Mount Bischoff and Moina. The Oonah Mine has a significant tin/silver/copper inferred resource estimated at 179,000t at 1.2% tin, 1.6% copper and 143gpt silver with potential for it to be increased: it is intended to assess its open cut potential. The Waratah tenement surrounds (but does not include) the Mount Bischoff mine, which has past production of 10.5Mt at 1.1% tin, and has numerous targets for repetitions of that deposit.

TNT Mines Pty Limited is a wholly owned subsidiary of Minemakers Ltd. The assets of TNT are, or will be, the very large Moina tin/tungsten/fluorspar/magnetite skarn deposits, and several tungsten/tin or tin deposits in north-east Tasmania, including the historic Aberfoyle, Storey’s Creek and Anchor mines. TNT has agreed to form a Joint Venture with Clancy Exploration Limited under which TNT can earn a 75% equity by meeting exploration commitments for the 2011 year.

Minemakers’ Managing Director, Andrew Drummond, stated: “These tenements give TNT access to further known mineralised deposits and also to key exploration ground with previously defined targets for the large tin deposits which characterise the region. They are a valuable addition to the deposits already held elsewhere in Tasmania by TNT”.

www.minemakers.com.au

http://www.traderdealer.com.au/Fundamentals/mak

www.clancyexploration.com

http://www.traderdealer.com.au/Fundamentals/CLY

Post to Twitter

Tags: , , , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Phylogica Enters JV Agreement With Pfizer

Tuesday, December 21st, 2010

Phylogica Ltd (PYC), a public Australian drug discovery company, announced today that it has entered into a collaboration and licensing agreement with Pfizer to discover novel peptide-based vaccines. Phylogica will employ its proprietary Phylomer® drug discovery platform to identify Phylomer peptides suitable for further evaluation. Under the agreement, Phylogica grants Pfizer certain rights, including an option to license any resulting Phylomers for further research, development and commercialisation of novel peptide-based vaccines derived from such Phylomers. Under the terms of the agreement, Phylogica will receive an upfront payment of US$500,000. In addition, Phylogica is eligible to receive a commercial license payment and is also eligible to receive preclinical, clinical and other milestone payments of up to US$134 million, as well as royalties on worldwide sales.

Dr Paul Watt, the founder and CEO of Phylogica said: “We are delighted to be working with Pfizer. This alliance supports the potential utility of Phylogica’s Phylomer drug discovery platform for peptide-based drug discovery. With the present announcement, Phylogica has now entered into three alliances with global pharmaceutical companies within the last 12 months.”

Phylogica Limited (PYC) is biotechnology company based in Perth, Australia and Oxford UK, with a world-class drug discovery platform harnessing the rich biodiversity of nature to discover novel peptide therapeutics. Phylogica’s strategy is to accelerate cash sustainability by focusing on collaborative drug discovery partnerships. The Company’s Phylomer® libraries have been optimised by natural evolutionary selection for peptides with stable drug-like structures.

www.phylogica.com

http://www.traderdealer.com.au/Fundamentals/pyc

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Panorama Synergy Enters JV Agreement With University of Western Australia

Wednesday, December 15th, 2010

Australian technology company, Panorama Synergy Limited (PSY) is pleased to announce that the Company has agreed with the University of Western Australia (UWA) to share the commercial rights to a new optical invention. The new invention is the subject of three new patents.

Panorama Synergy Limited (PSY) is developing and commercialising a breakthrough in photonics that the Company believes has multiple applications for Entertainment, Education, Heath Care and Telecommunications. High Definition 3D cinema projection is the initial target. The Company believes its proprietary solid-state, light switching technology or Magneto photonic Crystal (MPC) will have significant performance and commercial advantages over current legacy technology, the digital light processing chip that has served the market for over twenty years. With ultra high speed combined with low power consumption and heat output, the Company believes its MPC will significantly enhance performance and user experience in display technologies while reducing costs for the distribution and display of 2D and 3D content. Panorama Synergy has a solid foundation of development over five years that has resulted in a proven, patent protected, leading-edge technology which provides substantial benefits for prospective commercial partners.

www.panoramasynergy.com

http://www.traderdealer.com.au/Fundamentals/psy

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Cardia Bioplastics Enters Brazilian Market

Tuesday, December 14th, 2010

Packaging technology company Cardia Bioplastics Limited (CNN) has signed an exclusive deal with Brazil’s leading sustainable packaging and products business.  The Company has appointed Eco Ventures do Brasil (Eco Ventures) as its exclusive distributor for the Brazilian market in line with its global expansion strategy.

Cardia Chairman Mr. Pat Volpe said “This agreement is an important step forward for our Company, as we continue with a systematic expansion of operations to achieve global reach for our high quality bioplastics.”  “We have moved into the USA, UK, Europe and Japan over past two years. More recently, we have been looking to establish a further manufacturing site in Malaysia, which would complement our Hong Kong, China and Australian facilities.”

Eco Ventures Chief Operating Officer Joao Paulo Mignot said the Cardia Bioplastics range would provide sustainable polymer choices for customers. “As the ‘green space’ grows, we have looked for a leading bioplastics supplier with a full portfolio of sustainable options. The Cardia Bioplastics range of products allows our customers a choice,” he said.Mr Volpe acknowledged the agreement represented a significant opportunity to move into the Central and South American market where there was strong demand for bioplastics. “Cardia can see a great opportunity in those regions. The Brazilian market for plastics is the seventh largest in the world and generated a $19 billion sales revenue in 2008,” Mr Volpe said.

Under the Eco Ventures agreement, Cardia will jointly brand it’s bioplastics portfolio with the partner company.  “This will enable Brazil to acknowledge the new bioplastics product offering endorsed with the Eco Ventures branding and already recognised by its client base and by others in Brazil,” Mr Volpe added.

www.cardiabioplastics.com/

http://www.traderdealer.com.au/Fundamentals/cnn

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | No Comments

ASX Company News: US Nickel To Explore For Nickel In Canada

Wednesday, December 8th, 2010

Mr Alex Hewlett, Chief Executive Officer of US Nickel Ltd has signed an Exploration Agreement with the Chief Antoine Michel of the Lutsel ke Dene First Nation and Chief Louis Balsillie of the Deninu Kue First Nation from the Northwest Territories (NWT) in Canada on Tuesday November 30, 2010 in a ceremony in Edmonton, Alberta Canada. The agreement will allow US Nickel Limited’s wholly owned subsidiary, Western Metals Ltd (WMT), to undertake drilling activities on the Snowbird Project in the NWT, Canada where a number of high priority VTEM drill targets have been defined by the previous owner and operator BHP-Billiton Ltd.

Chief Louis Balsillie of the Deninu Kue First Nation was impressed with the working relationship so far with Western Metals Ltd and said that this was the first agreement signed by his First Nation. The following quotes were received from representatives from both First Nations in response to the meeting held: “By signing this exploration agreement with Western Metals, we want to show industry that reaching out to First Nations and engaging at this level, is a good signal of industry respecting our traditional land and doing things right at the first stage of exploration.” Chief Antoine Michel “They also committed to visiting our communities to tell us what they are doing. We need companies to do things like that, instead of hiding behind government.” DKFN Elder.  The Company looks forward to progressing its exploration plans at Snowbird, NWT, Canada in 2011.

www.usnickel.com.au

http://www.traderdealer.com.au/Fundamentals/wmt

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Greenearth Energy Enters Australian Solar JV agreement

Tuesday, December 7th, 2010

Greenearth Energy Limited (GER) is pleased to announce that its subsidiary Greenearth Solar Energy Pty Ltd and Israel based ZenithSolar Ltd have joined forces to introduce to the Australian market a unique, state-of-the art High Concentration Photovoltaic (HCPV) / Combined Heat and Power (CHP) solar technology, the ZenithSolar Z20. Greenearth Solar Energy and ZenithSolar have signed a Conditional Distribution Agreement under which a trial of the ZenithSolar Z20 technology will be carried out in Victoria in early 2011. A successful trial will result in Greenearth Solar Energy and ZenithSolar establishing an Exclusive Distribution Agreement for the technology for Australia, New Zealand, Indonesia and a number of Pacific Island nations.

The benefits of the ZenithSolar Z20 CHP solar technology include Combined Heat and Power generation (CHP); Industry highest combined efficiency of greater than 72%; Dual outputs (Heat and Power) improves project ROI;System design allows for easy upgrades; Modular Installations with small footprint; and Proven field performance.

Co-Founder and Chief Executive Officer of ZenithSolar Roy Segev said; “Australia is an important strategic market for ZenithSolar and we are delighted to be entering into this partnership with Greenearth Solar Energy and establishing a field trial of our world-class technology in 2011.“Our Z20 CHP solar technology has been successfully operating in Israel since early 2009, we continue to refine and improve our product to where we have today the industry’s highest combined efficiency backed by proven field performance. We have complete confidence in our technology and look forward to a long and mutually beneficial partnership with Greenearth Solar Energy and its customers”. Managing Director of Greenearth Energy Mark Miller said; “We have been working with ZenithSolar for some time and are delighted to have established the terms of our 2011 Victorian trial. “We believe the ZenithSolar Z20 CHP solar technology has the potential to efficiently deliver the dual benefits of emissions free power and hot water to a wide range of customers. We look forward to successfully delivering the Victorian trial of the ZenithSolar Z20 CHP solar technology and moving to full distribution within Australia and our region.

www.zenithsolar.com

www.greenearthenergy.com.au

http://www.traderdealer.com.au/Fundamentals/ger

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

ASX Company News: Stonehenge Metals Enters JV Agreement With Korean University

Wednesday, December 1st, 2010

Stonehenge Metals Limited (SHE), a uranium exploration company with projects in South Korea, announced that the Company has signed a contract research agreement with Kongju University in Korea for research and review of uranium ore in the Okcheon Belt.

The Okcheon Belt runs through the Company’s Daejon, Miwon and Gwesan project area. The agreement is a collaborative research agreement using four PhD researchers from the Department of Geological and Environmental Sciences at Kongju University and professional geologists from Chong Ma Mines Inc., a wholly owned subsidiary of Stonehenge.

The research program will enable the logging of the lack Slates of Okcheon Mineral Belt of Korea – an area estimated by the Korean Resources Corporation (KORES) to contain in excess of 100 million tonnes of uranium resources. The study aims to use the latest technology to review drill core from the 1970s and 1980’s and to use the new data collected to assess the technical and economic feasibility of resources in the related areas. The term of the initial agreement is five months and will commence on December 1st, 2010.

Speaking at the company’s AGM today, Chairman Mr Warren Staude said “We know that there is approximately 36,000m of core from previous drilling. To be able to work collaboratively with Kongju University to determine the mineralogy of these cores will be a huge benefit to our understanding of the resource in Korea and will advance our objective of presenting a domestic energy source to a country dedicated to generating low carbon energy”

www.stonehengemetals.com.au

http://www.traderdealer.com.au/Fundamentals/she

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | 1 Comment

ASX Company News: Groote Resources Enters JV Agreement With Korea Resources Corporation

Wednesday, December 1st, 2010

The Board of Perth-based manganese explorer, Groote Resources Limited (GOT) is pleased to advise that it has signed a non-binding Memorandum of Intent (MOI) with a Korean consortium led by wholly-owned government enterprise Korea Resources Corporation. This MOI will establish a framework of cooperation to review, which will provide a basis of the parties entering into a commercial relationship regarding the Company’s Groote Eylandt Manganese Project in the Northern Territory of Australia.

KORES is actively investing in a wide range of minerals projects for Korea across the globe and invested in numerous notable mining projects around the world, in total it has invested in 31 projects in 12 countries. Groote Resources believes the signing of the agreement with the Korean consortium provides the Company with an excellent opportunity to present KORES with full details of its premier asset, the Groote Eylandt Manganese Project. This Project includes exploration licences granted to its wholly- owned subsidiary, Reflective Minerals Pty Ltd, which cover an area of 1665km2 of highly  prospective, shallow marine terrain near Groote Eylandt.

www.grooteresources.com.au

http://www.traderdealer.com.au/Fundamentals/got

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Mint Wireless Enters JV Agreement To Provide Mobile Payment Solution

Tuesday, November 30th, 2010

Mint Wireless Limited (MNW) is pleased to announce a signed partnership agreement with IT Providers Limited. The partnership sees IT Providers integrating its EirpointTM Mobile retail solution set to the Mint Enterprise software. This allows UK and Irish users of IT Providers software to accept payments using mobile devices, through the Mint Managed Payment Service, which will provide both ongoing monthly licence fees and transaction revenue for Mint.

The combined solution will initially go live on the Motorola MC75 and MC70 mobile computing devices and will utilise the Motorola DCR7X00-200R, an EMV chip & PIN “snap on”. The collective solution provides any Retailer and Field Services business with a fully functional Mobile POS and Payment solution. The first customer to take advantage of the Mint Payment Service will be an exclusive outdoor clothing specialist, who plans to enhance their UK and Ireland outdoor retailing business with this innovative technology. By using the solution at outdoor events they will be able to take card payments, securely, quickly and efficiently, resulting in enhanced customer satisfaction and an increase in sales.

IT Providers, Managing Director, Niall Cannon, commented: “We see the integration of our EirpointTM Mobile software to the Mint Enterprise Client and Managed Payment Service as a significant enhancement to our product suite. As specialists in Retail software we were regularly getting queries about card acceptance on mobile devices and subsequently sought out a partner who could help us deliver a best of breed solution. After investigating possible providers in the market, we decided to partner with Mint as we were delighted with their expertise in the mobile payments area and our mutual Motorola partnership meant they were the perfect fit for us. We are excited about the joint offering as we feel it could really be the answer to a lot of our customers problems and enhance their businesses considerably.”

Mint Wireless Limited is an Australian based technology company listed on the Australian Securities Exchange (MNW) in 2007. Mint’s core businesses are the development of innovative payment solutions and consumer technology products and services through the Mint Payment Solutions and Mint Technology brands respectively. Mint has won many hardware and software awards including Microsoft and IBM’s Consensus Awards in 2008. In 2009, Mint has been recognised amongst Australia’s best performing small-to-medium companies, winning two recent awards: ranking 4th in the BRW Fast 100 awards, and ranking 5th in the SmartCompany.com.au Smart 50 awards.

www.mnw.com.au

http://www.traderdealer.com.au/Fundamentals/mnw

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

« Older Entries