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Teknek Begins Expansion Plans
March 14, 2007 |Estimated reading time: Less than a minute
INCHINNAN, Glasgow, U.K. Teknek will further develop its Inchinnan headquarters, add a campus facility, develop new market sectors, and begin licensing its technology in the next phase of its growth plan, said Jonathan Kennett, chairman and founder.
These steps will strengthen the company's position in the contact cleaning technology market, as well as open options for new products, he added. The campus facility will be designed to co-locate key suppliers, while new partners will be used to develop market sectors for contact cleaning, reinforcing the existing product range and providing opportunities for new technologies. The Lean Excellence program will be continued into this development phase.
The company stated that it is in "advanced stages" of negotiation in several licensing deals for manufacturing and marketing its technology. Kennett explained that Teknek has completed a U.S. agreement and expects to complete further U.S. and Asia licensing contracts in the near future.