Pensonic and the University of Hong Kong have agreed to will cooperate and execute a R&D project on carbon fibers and fibre-based materials and their applications in domestic electrical appliances.
Group managing director Dixon Chew said the agreement provides a broad administrative reference and guideline to
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| both parties in carrying out their respective individual and joint responsibility and duties under the R&D project.
"The project, which will be carried out for a year, has received a matching grant of HK$586,500 (HK$100 = RM49.39)," he said.
He said Pensonic allocates between 4 and 5 per cent of its revenues for research and development, and brand promotion activities. 
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