PRAGUE, Czech Republic (Sept. 26, 2012)—CODA Development S.r.o., a Czech developer of a self-inflating tire technology, claims to have signed a commercial licensing agreement with a “major Asian tire producer,” but company principals did not identify the Asian company or any further details of the contract.
Prague-based CODA claims working together with this “strong industry partner” will help it accelerate the development of products using its patented SIT technology.
The contract grants the Asian producer rights to make and sell products made with SIT technology in specific, unspecified territories of Asia. CODA said it continues its search for business partners to participate in the introduction of SIT technology in Asian markets, including Japan and South Korea, as well as in European and American markets.