CEJN enters Major License agreement with ITR group
CEJN has entered into a major license agreement with hose manufacturer ITR Group of Veniano, Italy.
In terms of the agreement, CEJN has authorized ITR to produce the male half of the CEJN WEO Plug-In fitting. ITR will begin to produce WEO components in September, with the technical assistance of CEJN personnel. The hose maker will market WEO fittings as hose assembly components sold to its customers. Partnering with ITR in the production and marketing of WEO fittings will result in important benefits for CEJN and its customers. Since ITR enjoys a presence in most industrial markets, the license agreement with ITR will significantly increase the availability of WEO fittings in the worldwide marketplace. Partnering with a hose manufacturer will also give CEJN's customers access to complete WEO hose assembly packages.