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Non-Tech : Spark"s Play Pen

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To: jmhollen who wrote (5774)	10/5/2006 8:37:40 AM
From: Spark	Read Replies (2) of 6175

IPKL..The fact that their Chinese venture partner is willing to cough up $50 Million made me have a closer look.. According to the terms of the LOI, YongAn will provide funding of up to $50 million to the JV, and over two acres (10,000 square meters) of land to build and outfit a world-class manufacturing facility in Jiaozuo city, Henan. CCII will provide the JV with professional services including product certification, sales and marketing, technical support, and market intelligence. iPackets will provide the JV with its technology intellectual property as an asset to be utilized for the China market only, continued product development, technology direction, and technical knowledge transfer. The JV agreement is expected to be finalized in two months.

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