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JUKI, Universal Sign Comprehensive Business Alliance
November 20, 2003 |Estimated reading time: Less than a minute
Morrisville, N.C. and Binghamton, N.Y. — JUKI Corp. and Universal Instruments Corp. have signed a Comprehensive Business Alliance Agreement effective November 1, 2003.
In this agreement, development and manufacturing of subassembly parts and optional units are stipulated as the first collaboration. Both Juki and Universal will start technical discussions for the initial collaboration efforts after the Productronica show.
To cope with the market situation, Universal and Juki have been discussing how they can collaborate with each other by analyzing where the advantages of products and strengths of each company stand. As a result of this analysis, both companies reached an agreement to sign this Comprehensive Business Alliance Agreement.
This agreement will be an opportunity to expand the relationship in the future, which could include research & development, manufacturing, sales and marketing, and service support.Both companies hope to continue to grow and strengthen their partnership.
Juki Automation Systems Inc. is a leading supplier of SMT automated assembly equipment to the printed circuit board assembly market. For more information, visit www.jas-smt.com.