LEDs America to Award Viper Networks Exclusivity in India and Saudi Arabia
LEDs America has agreed to award the Company with complete sales and marketing export rights with 100% exclusivity for LEDs America's LED products for the entire country of India, as well as Saudi Arabia for the next 5 years.
To receive automatic exclusivity renewal for these two countries, final terms of the agreement will include modest annual sales and/or revenue growth benchmarks, since Viper Networks is currently in manufacturing supplier contract negotiations with LEDs America in North America.
The exclusivity agreement includes all products sold under the LED-O(R) registered brand name, along with complete rights for current products under development, and future products that may be developed and/or engineered during the Company's exclusivity period.
To receive automatic exclusivity renewal for these two countries, final terms of the agreement will include modest annual sales and/or revenue growth benchmarks, since Viper Networks is currently in manufacturing supplier contract negotiations with LEDs America in North America.
The exclusivity agreement includes all products sold under the LED-O(R) registered brand name, along with complete rights for current products under development, and future products that may be developed and/or engineered during the Company's exclusivity period.
No comments: