Sterling Tools Ltd

🚀 Sterling Tools Partners with Chinese Tech Firm for Advanced Rider Assistance Systems in India

• Technical Collaboration and Supply Agreement signed with Nanjing Haohang Technology Co., Ltd. from China

• Focus on engineering localization, system adaptation, manufacturing, and sales of advanced rider assistance systems (ARAS)

• Targeting the Indian two-wheeler market

• Nanjing Haohang has an annual turnover of approximately USD 40 million

• No consideration payment or share exchange involved

• Expected benefit: ARAS technology tailored for Indian driving conditions