Powertech Technology Inc. proposed to sign a real estate construction and leasing contract (tentative). The Company proposed to sign a real estate construction and leasing contract(tentative) with TeraPower Technology Inc.(TPW), a subsidiary of PTI, and agreed to build a plant and lease it to TPW. According to PTI's Delegation Of Authority, the subsequent negotiation and the relevant procedures shall be approved by the chairman of PTI's Board.
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