As per the agreement, NF Energy and Dazhong have agreed to cooperate in the areas of marketing, distribution, material sourcing, product research and development, quality control and mutual intellectual property protection.
After due diligence and product testing, each party has agreed to issue an advanced product certification for the other party’s product line, enabling the two firms to cross-promote their product portfolios. The strategic partnership agreement will last for two years, expiring on June 11, 2012.
Gang Li, CEO of NF Energy, said: “We are extremely excited about the prospect of working with Dazhong, an established player with an outstanding reputation in the industry.
“The agreement will enable us to expand our product portfolio into the high-voltage valve category, further strengthening our competitive position in the petrochemical industry.
“Furthermore, the partnership allows Dazhong to leverage NF Energy’s expertise in intelligent flow control and energy conservation as the company seeks to grow in these areas.”
