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BRIEF-LWP Technologies enters into JV agreement with Hallmark Minerals

Published 20/07/2015, 09:42 am
© Reuters.  BRIEF-LWP Technologies enters into JV agreement with Hallmark Minerals
TIH
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July 20 (Reuters) - LWP Technologies Ltd LWP.AX :

* Entered into a joint venture agreement with Hallmark Minerals

* Deal for the production of LWP's flyash-based proppants, in the state of

Maharashtra in India

* Under agreement LWP will receive US$1 million for the technology license for

the State Of Maharashtra in India

* Jv company will investigate additional opportunities for expansion in

Maharashtra province including the major cities of Mumbai and Nagpur

* LWP will receive 10% of gross revenues in royalties for the technology

license

* Source text for Eikon ID:nASX54qxvw

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