SAR Inks Tech Transfer Pact With EaglePicher

New Delhi, Feb 24: | Updated: Feb 26 2004, 05:30am hrs
Delhi-based SAR Silicon Systems Ltd, marketers and service providers for power products and domestic appliances under the Luminous and Tez brands, has entered into a technology transfer agreement with US-based EaglePicher Technologies for the manufacture of automotive and Valve Regulated Lead Acid batteries that are used in UPS systems and portable applications.

SAR has earmarked Rs 25-30 crore for the initiative, which includes the setting up of a manufacturing facility in Himachal Pradesh.

The first trial run is likely in July and the plant will be fully functional by December, avers Rakesh Malhotra, MD, SAR Silicon Systems.