Torotrak signs licensing deal with Japanese partner

TOROTRAK has announced the signing of a new co-operation and licence agreement with Japanese automotive firm Univance.

The new license agreement allows Univance to develop parts such as discs and rollers using Torotrak’s technology, for which it will receive a revenue share of all new parts sold. IT also provides for a joint marketing campaign and parts with its technology will be branded under the Torotrak name.

Leyland-based Torotrak said that the agreement supports the industrialisation of its gearless traction drive technology, as well as providing it with a “reliable production source of cost-effective and quality-validated parts and sub assemblies”.

Dick Elsy, Torotrak CEO, commented: “Engaging a component manufacturer of Univance’s calibre and market reach is a significant step for Torotrak in our strategy to bring our technology to market.

“Ensuring a high quality and reliable production source for our key parts, discs and rollers, is essential to building confidence in our technology.”