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The University of Ilorin has said that its two prototype designs of an automobile speed limiting device are attracting corporate investors.
Prof. Sulyman Age-AbdulKareem, the Director of the University’s Laboratory of Product Centre, said this on Wednesday after a routine meeting of the Speed Limiter team in Ilorin.
Age-Abdulkareem said that already the corporate investors had started bidding to invest in the mass production of the device.
He added that patents on the devices had already been filed and would be ready next month.
“Interested investors are knocking at our doors with proposals to fund the project,” he said.
He added that Prof. AbdulGaniyu Ambali, Vice-Chancellor of the university and the Deputy Vice-Chancellor, Management Services, Prof. Adedayo Abdulkareem, were examining the offers and would soon be meeting with the investors.
The Director, who is also the Coordinator of the research team, disclosed that the university was considering several funding options and raising several questions to get the best from the project.
He said the institution’s management would look for the best option for now and in the foreseeable future.

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