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Article: Super Vision International and Cooper Lighting Sign Exclusive Marketing and Joint Development Agreement.
- Article from:
- Business Wire
- Article date:
- November 23, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ORLANDO, Fla.--(BUSINESS WIRE)--Nov. 23, 1998--Super Vision International, Inc. (Nasdaq:SUPVA, Class A Common), a world leader in the manufacture of fiber optic lighting systems, today signed an agreement that grants Cooper Lighting, a subsidiary of Cooper Industries, Inc. (NYSE:CBE), exclusive marketing and distribution rights in North America for Super Vision's innovative fiber optic products serving the architectural lighting market.
As part of the agreement, Cooper will acquire approximately 10 percent of Super Vision's outstanding stock for $2 million and receive a seat on Super Vision's board of directors.
"This agreement gives Super Vision an ...