Leweko's unit to explore export of patent technology with Indian party

PETALING JAYA: Leweko Resources Bhd's subsidiary Dura Technology Sdn Bhd is exploring a licensing agreement with India-based Shinde Developers Private Limited (SDPL) for the use of its know-how and intellectual property rights to manufacture and market ultra-high performance cementitious composite technology (UHPCC) under the "DURA" brand within India and other countries like Afghanistan, Bangladesh and Bhutan.
UHPCC is registered and patent in Malaysia by Dura Technology. SDPL's registered office is in Maharashtra, India.
The two parties are to finalise and execute the licensing agreement, which is for an exclusive and irrevocable license, within 60 days.
Leweko's share price closed down one sen to 30.5 sen with some 480,000 shares traded.