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New Focus Auto Tech Holdings Ltd Receives Licence Agreement With Michelin In Relation To Michelin Trademarks

Tuesday, 22 Jan 2013 05:17am EST 

New Focus Auto Tech Holdings Ltd announced that its wholly owned subsidiary New Focus Lighting & Power Technology (Shanghai) Co Ltd has entered into a three year exclusive trademarks license agreement with Michelin Lifestyle Ltd, a member of the Michelin Group. According to the License Agreement, New Focus Lighting & Power will be granted the right to use the Michelin trademarks on auto accessories including Car Mats, Front Sunshades, Steering Wheel Covers, Head Rest Covers, Seat Covers, Cushions, Blankets, Multi Holders, Sun Visor Pockets, Tissue Paper Holders, Seat Belt Pads, Lumbar Back Supports, HID/LED Halogen Lights, AC/DC Converters, Battery Chargers, Cold and Warmer Boxes, Vacuum Cleaners, Car polishers, Tyre gauges, Jump Starter Series and Multi-Functional Power Packs, Emergency Kits and Booster Cables, Snow Chains and Car Wax in the People’s Republic of China (PRC) for three years term expiring on March 31, 2016 for royalties payable by New Focus Lighting and Power to Michelin Lifestyle based on the revenue generated from the sale of licensed products. Under the License Agreement, New Focus Lighting & Power will be responsible for product development, promotional planning, sales, distribution and after-sales services to the China market. All licensed products will be distributed through the Group's more than 100 directly-owned service retail chains, its cross-region wholesale channels throughout the PRC and also through other retail stores. 

Company Quote

-0.02 -3.77%
30 Sep 2014