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- Press Release December 11, 2015
AHT Strategic Expansion Agreement in Far East
A new strategic co-operation agreement has been reached between A.H.T. Advanced Heating Technologies Ltd and Unions Co. Ltd for the expansion of our co-operation so that South Korea will become the regional hub for AHT activities in the Far East. The agreement entails regional warehousing of current AHT product range, servicing of distributors in a number of neighbouring countries, the development of the new AHT LAR (Laminated Amorphous Ribbon) product range both for AC and DC use.
The discussions took place during a recent visit of Mr Kyriacos Bilicos the AHT Managing Director to South Korea, where he met the Unions President Mr Jason Lee and General Manager Sophy Pyong. Unions a leading electric underfloor heating company in South Korea has already been distributing successfully the AHT product range since 2012. After the enormous positive feedback they had for the AHT product range from their customer base they decided to increase the level of cooperation with AHT and to develop a new product line which will further expand our current customer base worldwide. We are therefore very pleased about this new agreement and with the tremendous commitment and enthusiasm of the Unions team and we look forward to much more success for AHT in the crucial far-east region.
As Mr Lee commented “Nicosia might be 10000 Km from Seoul, but the unique AHT Amorphous Ribbon Technology transcends this distance in a few seconds. Korean people already appreciate and choose AHT because it offers the best value for money product in the market which is light years ahead of all its competitors! Gamsahamnida AHT!!” All we can say is gamsahamnida Korea!