RICHMOND, British Columbia (Feb. 10)—SmarTire Systems Inc. has signed a deal with a South Korean automotive electronics company to develop and market tire monitoring technology in that nation. The agreement calls for Hyundai Autonet Co. Inc. to co-develop, make and distribute the products to South Korean original equipment manufacturers and the aftermarket. Hyundai Autonet initially will contribute $300,000 for engineering changes to modify the SmarTire systems for the domestic market, and to develop technology to meet the needs of vehicles in the country.
SmarTire strikes deal to enter South Korean market
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