Active Control establishes beach-head in China for entry into communications, tracking market

摘要

Active Control Technology Inc. (ACT) has signed a memorandum of understanding with a major coal mining group in China, establishing a beach-head for entry into the country's coal mining communications and tracking equipment market. ACT estimates the mine communications and tracking market at S3 billion in China. Under the MOU, ACT will form an exclusive joint venture partnership with the Chinese group to market and sell ActiveMme(TM), the company's two-way wireless voice communications, tracking and data system. A formal agreement is to be negotiated within 90 days.