QuadTech International, Inc. (OTCBB: QTII)
Officials from Quadtech International spoke with Stockguru
regarding their incredibly productive trip to China in May. Jincheng
Anthracite Coal Mining Group (”Jincheng”), is the seventh largest coal
mining operation in China. “Sendy” is a subsidiary of Jincheng.
QuadTech, through its technology partner iPackets International
(OTC: IPKL), has been in discussions with Sendy for several months
to conclude an agreement that will allow Sendy to sell iPMine for
miner safety to Jincheng’s six existing mines and two new mines
projected to be in full production over the next 18 months. In
addition, Sendy’s customer base includes more than 1,000 customers,
most of which are state-owned mining operations that have expressed
interest in deploying the iPMine solution.
QuadTech is working on a Memoranda of Understanding with Sendy which
will embody the terms of their joint venture to manufacture and
deliver iPMine for Chinese Miner’s safety.
QuadTech sees this as the first step in developing a worldwide miner
safety product.
Source: Telephone Interview with Press Office of Quadtech International, Inc.
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