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TE Connectivity Announces License Agreement with PTK

July 13, 2012

PTK to Manufacture and Distribute SPEC 55 Airframe Wire in Russia and in the Commonwealth of Independent States

Farnborough, UK (PRWEB) July 13, 2012

TE Connectivity (TE) announced at the Farnborough Air Show that it is in final negotiations to license its SPEC 55 airframe wire to PROMTECHKOMPLEKT Co Ltd (PTK), for localized manufacturing within Russia. Frank Breslin, TE´s Vice President of Global Sales, and the President of PTK, Valery Shardin, made the announcement and expect to complete the agreement in early August.

The licensing agreement will allow PTK to manufacture TE´s SPEC 55 airframe wire in support of the Russian and the Commonwealth of Independent States´ (CIS) markets. Acting as TE´s master distributor for localized SPEC 55 wire, PTK will support both the commercial aerospace and military markets within the CIS territories. The localization of SPEC 55 airframe wire within Russia will support Russia´s defense market, a key growth market for TE.    

“We decided to team with PTK in the manufacturing of SPEC 55 wire after working closely with them on previous value-added opportunities within the Russian market,” said Breslin. “As one of our authorized Russian channel partners, PTK has worked with and has supported TE in the growth of this emerging region.”

“Our decision was based on the instructions of the President of the Russian Federation, as well as directives of the Government of the Russian Federation on the use of the most advanced foreign technologies in aerospace industry,” said Shardin. “Implementation of this innovative project on production of aerospace wire and cable products in Innovation Special Economic Zone “Dubna” will allow the industry to decrease the weight and cost of onboard electrical wire interconnect systems of the modern and perspective aircrafts, as well as increase manufacturability of the aircraft and hence, make the products of the Russian aircraft industry more competitive in domestic and foreign markets.”

TE´s SPEC 55 airframe wire is used throughout the commercial aerospace and defense industries and is currently deployed on the vast majority of aircraft flying today. With this expansion into the Russian and CIS market, TE and PTK hope to supply a significant portion of the Russian defense market requirements.

For more information on TE´s SPEC 55 airframe wire, contact the Product Information Center at (800) 522-6752 or visit http://www.te.com/catalog/menu/en/23177?BML=10576,23176.

SPEC 55, TE Connectivity and the TE connectivity (logo) are trademarks of the TE Connectivity Ltd. family of companies.

About TE Connectivity

TE Connectivity is a global, $14 billion company that designs and manufactures approximately 500,000 products that connect and protect the flow of power and data inside the products that touch every aspect of our lives. Our nearly 100,000 employees partner with customers in virtually every industry–from consumer electronics, energy and healthcare, to automotive, aerospace and communication networks–enabling smarter, faster, better technologies to connect products to possibilities. More information on TE Connectivity can be found at http://www.te.com.

About PROMTECHKOMPLEKT

PROMTECHKOMPLEKT Co Ltd (PTK) is one of the largest distributors of interconnect solutions and value-added services for the aerospace and defense industries in Russia. PTK core business expertise includes a wide range of electrical connectors, wire and cable, heat shrink products and other related electro-mechanical components. Certified by Russian MoD and employing a staff of over 100 dedicated professionals at five locations, PTK is able to provide the best quality of service to its customers in Russia, Ukraine and other CIS countries. For more information on PTK, visit http://www.ptkgroup.ru.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/7/prweb9692128.htm


Source: prweb



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