Numeric Power Systems Ltd has informed that the Board of Directors of the Company at its meeting held on April 10, 2008, has unanimously resolved to terminate the Joint Venture Agreement dated June 14, 2006 with SOCOMEC, S.A FRANCE and signed a Letter of Intent to that effect.
The Company has taken this decision in line with its strategy to focus more on its Global Initiatives and utilize its resources towards the growing UPS market and Solar Energy opportunities in India and abroad.
The Company has taken this decision in line with its strategy to focus more on its Global Initiatives and utilize its resources towards the growing UPS market and Solar Energy opportunities in India and abroad.
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