Brief: Smoore International Says Eve Energy And Unit Entered Joint Research And Development Agreement

Smoore International Holdings

17/05/2022 11:29

May 17 (Reuters) - Smoore International Holdings Ltd
 6969.HK :
    * EVE ENERGY AND SHENZHEN SMOORE ENTERED JOINT RESEARCH AND
DEVELOPMENT AGREEMENT FOR NEW BATTERY FOR E-CIGARETTE PRODUCTS
    * WITHIN 20 DAYS OF 17 MAY, EVE ENERGY SHALL COMPLETE AND
PROVIDE
SAMPLE BATTERY TO SHENZHEN SMOORE
    * ON OR BEFORE 30 SEPT, EVE ENERGY SHALL HAVE CAPACITY TO
PRODUCE
BATTERY AT RATE OF 50,000 BATTERIES PER DAY
    * SHENZHEN SMOORE AGREED TO PAY TOTAL PRICE OF RMB26 MILLION
UNDER
JOINT RESEARCH AND DEVELOPMENT AGREEMENT
    * EVE ENERGY AGREED TO DEVELOP A NEW BATTERY FOR E-CIGARETTE
PRODUCTS

Source text for Eikon:  ID:nHKS4KTFwk 
Further company coverage:  6969.HK 

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