Suprajit Announces Licensing and Technology Transfer Agreement with Blubrake for Next Generation Anti-lock Braking System

Suprajit is happy to announce the signing of a strategic Licensing and Technology Transfer Agreement with Blubrake S.p.A. Blubrake, an Italian company specializing in ABS for the European pedalec and speed-pedalec (electric bikes) segment, was founded by Fabio Todeschini, and has become a segment leader for ABS solutions in Europe.

Under this agreement, Suprajit is exclusively licensed to develop and manufacture Blubrake's innovative and patented Anti-lock Braking System (ABS) technology in India, China, South-East Asia, and Brazil for non-pedal-based vehicles.

ABS is a crucial part of a braking system portfolio and reinforces Suprajit's intention to be a global brake system supplier. The unique architecture of Blubrake's ABS reduces product complexity and optimises the product for our customers, while also bringing unique and innovative features.

Ajith Rai, Founder and Chairman of Suprajit, said - "Fabio and his team have built a product that successfully competed against the best ABS systems in Europe so I must thank Fabio for trusting that Suprajit is the best platform to launch his innovative ABS across multiple geographies and markets. ABS is safety critical and is rightly becoming more commonplace on vehicles today."

Fabio Todeschini, Founder, Blubrake, said - " Suprajit is the right partner to scale-up our technology in these mass markets, since they have automotive standard manufacturing factories all over the world, as well as advanced software, electronic, and braking engineering teams to customize our product to satisfy customer needs. As Blubrake, we are proud of this partnership and confident that together we can satisfy customers with our innovative technology."

Ashutosh Rai, Chief Technology Officer, said - " We are very excited to work with Fabio and his team on this core technology. Both companies share the underlying belief that any product, no matter how well established, can be designed better and more optimally than before."

Shares of Suprajit Engineering Limited was last trading in BSE at Rs. 375.15 as compared to the previous close of Rs. 383.30. The total number of shares traded during the day was 2517 in over 184 trades.

The stock hit an intraday high of Rs. 387.40 and intraday low of 370.25. The net turnover during the day was Rs. 954458.00.

Source : Equity Bulls

Keywords

SuprajitEngineering INE399C01030 Licensing TechnologyTransfer BlubrakeSpA