NEWS

Lockheed Martin competition winners sign deals
August 23, 2007, The Economic Times

Three winners of Lockheed Martin India Innovation Growth Programme signed deals on Thursday.

Maharashtra State Seeds Corporation Ltd has partnered with Cottor Plants (India) Pvt Ltd to license its pollution-free cotton seed delinting technology. Cottor will provide the Corporation with international manufacturing, marketing and distribution.

Another winner, Sustainable Technologies & Environmental Projects Ltd has signed an agreement with K M Sugar Mills (India) to supply caged catalyst conversion systems to convert sugar mill waste to petroleum.

Zeus Numerix Pvt Ltd inked a worldwide marketing and distribution pact with Adroitec Information Systems. Adroitec will sell and service Zeus Numerix's full line of numerical simulation software products.

"It is a testament to the spirit of entrepreneurship and innovation resident in India to see the winners of the Programme achieve a major step forward in the globalisation of their products and technologies only five weeks after the competition results were announced", Dr Ray O Johnson, Lockheed Martin Senior Vice-President and Chief Technology Officer, told a press conference.

The programme is a joint initiative of Lockheed Martin, FICCI, IC2 Institute, University of Texas at Austin.