" The group announced in May the signing of two licenses for the
exploitation of Oystertec's innovative advanced fluid connections; with
Manuli Rubber Industries SPA in Italy for high pressure hydraulics and with
Dana Corporation Inc for the automotive industry.
* The financial benefit to Oystertec of these licenses will be quantified
when Manuli and Dana have successfully concluded contracts with third
parties, at which time we will update the market.
* The number of automotive projects continues to increase significantly and
now includes major global system suppliers for both steering and brakes in
Europe and North America. Our connector has also passed validation testing
with a leading European manufacturer of automotive air conditioning hose
assemblies."
Once OYS update us ( when they pull there finger out with a trading update!!.)