On March 12, an official meeting was held in Chelyabinsk between Eurasia Development Ltd., a Chinese delegation, and A. L. Shestakov, Rector of South Ural State University.

The meeting focused on cooperation between the Sino-Russian Technology Park, Chinese investment funds, and South Ural State University.

During the meeting, the parties signed a cooperation and partnership agreement with South Ural State University.

The Eurasia Development delegation also reviewed innovative projects developed by the university. These projects were presented to Chinese investors for consideration and potential commercialization in the Chinese market.

During the visit to Chelyabinsk, Eurasia Development Ltd. and the engineering company Ural Valve Engineering Project Group (UralArm) signed an exclusive cooperation agreement covering the development, production and sale of innovative ball shut-off valves.

Under the agreement, Eurasia Development Ltd. received exclusive rights to manufacture and distribute UralArm products in China.

The ball shut-off valve is a new-generation valve technology developed by UralArm engineers. According to the company, the technology has no direct equivalents worldwide and has significant potential for commercialization in the global mass market.