Aerpace General Trading LLC enters into exclusive distributorship agreement in Middle East

Aerpace General Trading LLC, a subsidiary of Aerpace Industries Limited in the UAE, has entered into an exclusive distributorship agreement with a prominent company in the Middle East. This agreement designates them as the exclusive distributor for our advanced large-size drone technology, including aerWing, across the Middle Eastern region.

In addition, the distributor will support us in establishing a dedicated R&D center in their region. This facility will accelerate the procurement of various intellectual properties and technologies from around the world, significantly expediting the development of our large-size drones, including aerWing.

This collaboration marks a significant step forward in Aerpace's expansion strategy, strengthening our presence in the global market and unlocking new growth opportunities. While the specifics of the agreement remain confidential due to a non-disclosure agreement, this partnership aligns with our long-term vision to establish a robust international presence and leverage our technological innovations to address diverse market needs.

We are confident that this strategic partnership will lead to substantial progress and value creation for our stakeholders in the coming years.

Shares of Aerpace Industries Ltd was last trading in BSE at Rs. 50.80 as compared to the previous close of Rs. 49.81. The total number of shares traded during the day was 530061 in over 490 trades.

The stock hit an intraday high of Rs. 50.80 and intraday low of 48.82. The net turnover during the day was Rs. 26456256.00.

Source : Equity Bulls

Keywords

AerpaceIndustries INE175N01023 AerpaceGeneralTradingLLC UAE DistributorshipAgreement MiddleEast