09:54 AM EDT, 07/22/2025 (MT Newswires) -- Mingteng International ( MTEN ) said Tuesday that its Wuxi Mingteng Mould Technology unit entered a technology development entrustment agreement with China's Jilin University to develop a new hot-work die steel for die-casting molds.

Financial details weren't provided.

Wuxi Mingteng agreed to commission Jilin University and provide background technical data, and in return will get free usage right for any patents resulting from the development project, the company said.

Mingteng ( MTEN ) said it expects an average die-casting lifespan of over 80,000 cycles and a 40% reduction in material costs upon completion of the project, which is effective for three years from Dec. 26, 2024.

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