ORANGE company Thompson Couplings has signed a deal with the Boeing Company which will allow the US multinational to use the locally invented constant velocity joint in all of its future product developments.
According to Thompson Couplings CEO Len Kosharek, Boeing was keen to utilise the invention in a range of products which include defence aircrafts.
“This certainly is the most thrilling deal we have made,” said Mr Kosharek.
“They approached us when they heard about the technology.
“The deal will now allow them to develop new products for their own use but because of the nature of their business I can’t discuss what they will be using the products for.”
The deal will allow Boeing to utilise the invention for a predetermined period of time.
According to Mr Kosharek Thompson Couplings is also in the process of negotiating a range of other deals one of which is with a US company which produces state-of-the art windmills.
The company has an administrative office in Summer Street and a research and development facility in Lords Place and all of the parts for the joint are manufactured in Sydney and assembled in Orange.
Mr Kosharek said the joint, invented by Glenn Thompson, already has patents in Russia, China, South Africa, Singapore and New Zealand.
Thompson Couplings Limited is an unlisted public company which has more than 2600 registered shareholders.