Torotrak signs agreement with Univance for automotive

Torotrak has signed a co-operation and licence agreement with Univance, a developer and manufacturer of passenger, and industrial vehicle transmission units and other automotive parts headquartered in Japan.

The non–exclusive licence agreement allows Univance to develop, manufacture and supply core variator components (discs and rollers) and variator assemblies to Torotrak licensees.

Univance has committed to substantial investment to support the development and initial industrialisation of core component manufacture.

Torotrak will contribute its engineering support and intellectual property; in return, it will earn an effective revenue share on all sales of Torotrak-related parts or subassemblies.

The agreement also supports a joint marketing programme and provides for the supply of components and systems branded under the Torotrak name.