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Title
QMI, DEP SIGN TECHNOLOGY AGREEMENT.
Abstract
The article reports on the purchase agreement signed by Draka Elevator Products (DEP) with QMI Manufacturing Inc. for a perpetual, worldwide exclusive technology license. The agreement gives DEP the patent rights and technology specifications to manufacture the Draka S-Box Seismic Sensor. S-Box detects and records vertical and horizontal seismic ground movements. Sterrett Lloyd, DEP chief operating officer and managing director, comments on the signing.