NITROHEAT, a wholly owned subsidiary firm of Autris (OTCMKTS:AUTR) announced the finalization of master international distributor deal with The Doctor’s Touch. It is an automotive paint restoration firm with more than 300 franchisees internationally. It is a part of the Dr Vinyl Group and is operational in the industry since last 40 years. The franchise company has a wide network of both industrial and automotive partners in Europe and North America.
The management speaks
Autris subsidiary’s CEO Derek Naidoo said that they see the new association as an excellent platform to promote the product lines of HeatPro 200 and NitroMax 30 through their established industrial and automotive business relationships. The franchisees of TDT will be promoting the products in their respective regions, thereby giving Autris products much wider reach in a minimal time frame. The recent association and implementation is directly related to the company’s strategy for mass distribution.
The product line
Autris subsidiary’s product line has been in operation for more than three years and has surpassed initial set performance targets. The focus has been on environmental benefits and the improved productivity and efficiency. They have helped the company to enhance the market penetration of its NITROHEAT product line. The association with TDT will boost growth in NITROHEAT revenue by more than 20% for the fiscal 2015.
AUTRIS is a technology investment firm with a wholly owned subsidiary NITROHEAT. It is well positioned for opting for attractive acquisitions in the technology and automotive sectors. The objective is to continue the growth and development of NITROHEAT product line whilst exploring other opportunities related to compressed gas and nitrogen generator technologies. In last trading session, the stock price of AUTRIS surged 0.17% to close the trading session at $0.0600.The gains came on a share volume of 2.89 million compared to share volume of 23,611.