UMS: Signs Memo of Understanding with US clean-tech firm Terra Verde Tech to invt US$1m in 4 tranches to purchase a 5% stake in Terra Verde. It will also secure a 5 yr exclusive agr to produce and sell Terra Verde's proprietary hydro-power generators which is currently under development...
This is apparently part of UMS business diversification strategy although a relatively small invt. UMS is approx 6.2x current P/E. Other peers Avi-Tech trade at 17.9x P/E and ASTI at 4.3x P/E.
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