NeilPryde Ltd. issued an official statement stating that it had decided to transfer the intellectual property of the RS equipment:X at International RS:X Windsurfing Class Association so you can guarantee the production of this equipment even after the Tokyo2020 Olympics, that will take place in the 2021 because of the Covid-19.
In fact, during the world lock down for the Covid-19, the RS:The X Class Association continued to work to support its athletes in resolving issues and issues related to World Saling's decision to select Starboard's IQFoil Olympic equipment after the Japanese Olympic Games.
The main problem is the supply of the material to the athletes selected for Tokyo2020 for both training and competitions.
NeilPryde, after production RS:X for 4 Olympic cycles, abandoned the single manufacturer option to move to a market open to multiple manufacturers also to meet antitrust needs as discussed in World Sailing in recent years.
That's why NeilPryde transfers RS intellectual property:X to class binding to trigger a multi-producer selection process, designated by the RS class:X itself, as long as consistency is maintained, quality and price positioning. This transfer of intellectual property allows the class and its athletes control over the manufacturers of these equipment and better adapts to changing circumstances.
Under this agreement,, production will continue in collaboration with existing table suppliers, trees, sails and booms.
The manufacturers in charge will supply the material directly to the distributors becoming responsible for the quality of the product.
NeilPryde Ltd. will remain part of this production group for the construction of sails in its Chinese factory where it specializes in high-quality production.
Athletes will be able to continue to buy equipment from their local distributor with an average reduction of 8% in retail prices.
The RS:X Class is looking at the next 12 months since the postponement of the Tokyo Olympic Games still offers several possible scenarios and the goal and’ to avoid overlapping their events with the entire sailing calendar.
The Class RS:X was also invited by World Sailing to submit an offer of equipment for the Olympic Youth Games of the 2022, to be held in Senegal.
The full article on www.rsxclass.org/rsx-ip-rights-transfer-keeps-the-class-still-open-for-business/
source: rsxclass property
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