TechnoFibre Australia has signed an agreement with Michigan Wheel Europe to be the latters Stockist Distributor for Michigan Wheel Outboard and Sterndrive propulsion systems throughout Oceania. The agreement signed on 1 Feb 2010, will see TYF Australia distributing MWE propellers to the recreational boaters throughout Australia, New Zealand and the South Pacific Islands. TF Australia has primarily targeted the individual boater through the establishment of an On-line sales option on its website and also the many Boat Dealerships and Service Centres through lucrative wholesale prices to allow them to carry MWE products. This venture is anticipated to increase TFA's overall revenue by at least 3o% this calendar year. As the Propeller Division takes off, TF Australia will expand this capability to reach the Commercial builders to provide them with another option of procuring complete propulsion systems for thier new builds and/or refurbishing vessels. In a related activity, TF Australia has also obtained an agreement with a well established UK manufacturer to produce and supply TF branded Water Lubricated Bearings. This product will be available in the Oceania and South East Asia market by May 2010.
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