fts
11. November 2021

Elop Technology receives first order from Japan and signs LOI for distribution rights to the Japanese market

Elop Technology has signed a letter of intent (LOI) with FTS., Ltd., a Japanese company specializing in retail and rental of NDT (non-destructive testing) equipment and construction machinery in Japan, for the distribution rights of Elop Technology’s products in the Japanese market.

FTS., Ltd. has simultaneously placed an order for one Elop Insight unit, which the company will use to demonstrate the product for potential clients.

The distribution agreement is expected to be signed in Q1 2022.

About FTS

FTS., Ltd was established in 2007 and is based in Tokyo, Japan. The company specializes in rental and retail of measuring instruments for the construction, automobile, steel, railroad, and gas industries. FTS., Ltd is member of multiple industry associations, as well as government run committees, developing the Japanese NDT-industry. The existing clients of FTS., Ltd include some of the largest construction companies in the country, as well as research institutes and universities.

Information about FTS., Ltd online: https://www.fts-web.jp/en/

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