On March 22, 2011, Tongyu Heavy Industries , which landed on ChiNext, announced on March 22 that the company and the Chinese Academy of Sciences have signed a cooperation agreement on “Development and Industrialization of High-efficient Heavy-duty Slab Preparation Technologyâ€. Tongyu Heavy Industry plans to use its own funds to provide metal research institutes with R&D funding of 500,000 yuan, and invest approximately 23 million yuan in funds for the manufacture and installation of project equipment to achieve the production of heavy slabs. According to the contents of the agreement, the Institute of Metals is responsible for the feasibility demonstration of heavy slab technologies, processes and products, guaranteeing performance requirements, as well as technical design and method guidance to ensure that the slab meets the user's requirements for flaw detection, performance, low temperature, and other requirements. Responsible for providing production site, responsible for procurement, manufacturing and installation of tooling auxiliary equipment, water cooling system, electrical system, hydraulic system and other equipment, and finally realize the industrialization of heavy and thick slabs. The two parties adopt a method of bundled cooperation to jointly collaborate on research and development and industrialization. The deadline is five years. The two parties share the same intellectual property rights. The company can use related patents and technologies free of charge, and can transfer the company's profits when the company agrees to transfer technology to a third party. Share 50% together. In terms of profit distribution, if the annual sales revenue of the product after the project is put into production is 3 billion yuan (including 3 billion yuan), the annual sales revenue of the product will be 1.5% of the total; if the annual sales income of the product is 3 billion yuan. At the time of the above, part of the 3 billion yuan or more will be owned by the Metal Research Institute according to 2% of the annual sales revenue of the product.
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