SubZero Group Limited (ASX:SZG)
("SZG") is pleased to announce that is has entered into a Joint Venture Agreement with Harness Master Wiring Systems Pty Ltd a Western Australian company, and Harness Master Wiring Systems Inc. (a company incorporated in the Philippines) to form a new company called Harness Master International Pty Ltd (HMI).
HMI will become the exclusive sales, marketing and distribution agent for harness wiring systems manufactured and developed by the parties in Australia and their offshore manufacturing facility in the Philippines.
HMI is in the process of developing new offshore markets for their products with a specific focus on the United States of America. These products will target the automotive, trucking, marine and defence industries that require small to medium production runs of customised electrical wiring systems.
For further information please download PDF attached: