Sif Holding (Sif) and GS Entec Corp (GS) from Ulsan, Republic of Korea, have signed a Framework Agreement for a Strategic Partnership whereby Sif intends to grant GS a 10-year mutual exclusive license for the Asian region to use technology developed and applied by Sif, for the purpose of manufacturing monopiles foundations and transition pieces.
The licensed technology relates to the conversion of existing manufacturing facilities of GS in Ulsan to a monopile foundation and transition pieces manufacturing plant with the option, in a later stage, to develop a new monopile foundation and transition pieces manufacturing plant elsewhere in Korea. The license includes both a fixed one-off license fee and a variable fee per manufactured and delivered monopile foundation.
