On October
25th of 2012, KITECH successfully implemented in MOU signing with the SINTEF
Group in Oslo, Norway, which is one of the best institutes in the world for
Petroleum and Subsea Technology. Both KITECH and SINTEF hereby agree to enter
into an alliance to conduct cooperative activities on the basic of mutual
benefits within the scope and expertise of the institutes, in order to vitalize
in manufacturing and material technology.