Rebound Rubber, a private corporation, and United Trans-Western, which trades on the Canadian Dealer Network under the symbol UTWI
, share rights to a unique technology, proven commercially in the Peoples' Republic of China, for the activation of reclaimed rubber.
In connection with the offer to acquire all the issued and outstanding shares of RRC the company has also extended and entered into an agreement in principle with the management of UTWI
to acquire from UTWI
all of the joint venture rights to the technology.