Amerityre to sell technology, equipment to Ace Products

By Liz White, ERJ staff

Boulder City, Nevada-Amerityre has signed a Memorandum of Understanding with Ace Products llc covering technology licensing for low-duty non-highway-use tyres.

The non-binding deal, announced 2 Aug by Amerityre president and ceo Richard Steinke, also involves Amerityre selling to Ace Products equipment to make the tyres, as well as the existing inventory of its closed-cell polyurethane Flatfree tyres.

The agreement is expected to be finalised by 16 Sept, subject to Ace competing due diligence and obtaining financing, said Amerityre in a statement….

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