February 22, 2008
Littleton Co. Expands Inner Mongolia Joint Venture
Magplane Technology, Inc. of Littleton, the developer of a magnetic levitation system for high-speed trains, is expanding a joint venture agreement with partners in Inner Mongolia.
Magplane has entered a technical services contract worth $1.9 million, which comes as an addition to previously announced joint venture agreements. The company is helping to build a demonstration project this year, and it expects the joint venture to begin construction on the first "MagPipe" commercial line in the first quarter of 2009.
Magplane has entered a technical services contract worth $1.9 million, which comes as an addition to previously announced joint venture agreements. The company is helping to build a demonstration project this year, and it expects the joint venture to begin construction on the first "MagPipe" commercial line in the first quarter of 2009.
WBJ Web Partners
Most Recent
Most Recent
0 Comments