Sintercom India Limited has informed the Exchange about Memorandum of Understanding entered with Horizon Technology Inc.
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Sintercom India has signed a 5-year Memorandum of Understanding with US-based Horizon Technology Inc. (Pennsylvania) for a contract manufacturing licensing arrangement covering powder metal products. Under this deal, Sintercom gets exclusive rights to manufacture and supply Soft Magnetic Composite (SMC) Stator parts for EVR-designed electric motors used in automotive and industrial applications. The two companies will cooperate on marketing and manufacturing through separate Statements of Work. The deal is not a related-party transaction, involves no shareholding changes, and the financial size of the agreement has not been disclosed.
This is a strategically significant move for Sintercom, giving it an exclusive manufacturing role in the EV motor component supply chain and opening exposure to the US partner's technology. While the lack of disclosed deal size limits immediate valuation impact, the exclusive 5-year licensing rights could drive incremental revenue from the growing EV segment if Horizon's technology gains traction.