NetComposites
Attwater

Quickstep Signs Agreement with UAE Conglomerate

05 June 2009

Quickstep’s convertible loan agreement and agency agreement have been officially notarised and registered following a formal signing ceremony in the United Arab Emirates (UAE).

These agreements underpin Quickstep’s access to expansion funds and the ability to seek new aerospace manufacturing contracts in the Middle East region.

Under the terms of the agreement, InvestOne will lend up to A$10 million to Quickstep in tranches of up to A$2 million which can be drawn at intervals of at least 90 days, at Quickstep’s discretion, with the first A$2 million to be made available within 60 days from formal signing of the agreement.

“I am very pleased to be able to support the growth of Quickstep which has a tremendous technology and a huge potential in the Middle East as well as globally” Mr Bashir Siman, the Managing Director of InvestOne said at the signing ceremony which took place in Abu Dhabi with Mr Philippe Odouard, Chief Executive Officer of Quickstep Holdings.





Share this story


Related / You might like...

CRP USA Presents Windform Composite Materials at Satellite Innovation 2018

CRP USA will display solutions for the space industry manufactured in the Windform family of materials at Satellite Innovation 2018 at the Silicon Valley Computer History Museum, Mountain View, California, US, on 9-11 October.

Chem-Trend Gains Aerospace Certificate

Chem-Trend has been certified by the DQS (German Certification Company for Management Systems) in accordance with EN 9100:2016, fulfilling the strict quality requirements for aerospace suppliers.

Porcher Industries Exhibits at CAMX 2018

Porcher Industries and its US subsidiary BGF Industries will present their latest innovations at CAMX 2018 on 15-18 October in Dallas, Texas, US, including new dry fibres for aerospace and automotive applications, the STELIA thermoplastic fuselage demonstrator, and solutions for the industrial, construction and sports and leisure sectors.