On April 23, 2013, Jiangling Motors announced that the company, Jiangling Heavy Duty Truck Co., Ltd. and Ford Otosan had signed the "J17 Engine Technology Licensing Contract." As Ford Otosan is a joint venture between Ford Motor Company and Turkey Koq Holdings, and Ford is the controlling shareholder of the company, this transaction constitutes a connected transaction. According to the "J17 Engine Technology Licensing Contract", Ford Otosan grants Jiangling the following non-transferable licenses: 1. Use of contract technology manufacturing contract products and parts and components in China (except Taiwan, Hong Kong, and Macao Special Areas) (2) to provide after-sales service for Jiangling brand vehicles using this contract product, and to sell contract products and product components in China and export areas; Under the precondition of export regulations, Jiangling brand vehicles equipped with this contract product will be sold in China or exported to export areas. 4. Under the precondition of complying with relevant sales regulations, this contract product will be sold to third parties in China. The contract product will last for 12 years from the day of JMC production. For different J17 engines, JMC pays a license fee ranging from 150 euros/set to 190 euros/pc. JMC will pay Ford Otosan a technical license fee of 1 million euros within 45 days of signing the contract. Within the contract period, JMC shall not directly or indirectly design or develop engines that are competitive with the contracted products. When the contract product cannot meet the technical requirements of the Jiangling brand vehicle, Jiangling can purchase a competitive engine based on meeting taxation requirements or major market needs. The company stated that this transaction is the introduction of an engine with global advanced technology and technology for JMC, so that it can successfully promote the launch of vehicle products. The water-cooled chiller uses the shell and tube evaporator to exchange heat between the water and the refrigerant. The refrigerant system absorbs the heat load of the water and cools the water to produce cold water. Then, the heat is transferred to the shell and tube condenser by the compressor. The refrigerant exchanges heat with the water, so that the water absorbs the heat and takes the heat out of the external cooling tower through the water pipe to dissipate (water cooling)) Box-Type Water Cooled Chiller,Box-Type Water Chiller Unit,Box-Type Water Cooling Chiller Machine,carrier water cooled chiller, trane water cooled chillers, water cooled chiller diagram, industrial water chiller system Shenzhen Toyocool Refrigeration Equipment Co.,Ltd. , https://www.toyochiller.com