INGRESS Corp Bhd said subsidiary Ingress Autoventures Co Ltd received a letter of intent (LOI) on Monday from Summit Kurata Manufacturing Co Ltd (SKM) for the supply of collapsible pipe for Mitsubishi New P-Car.

"The LOI confirms the general acceptance by SKM for the supply of the above product at approximately 120,000 car sets per year," Ingress Corp said in a statement.

The initial investment for the project is estimated to be 6.21 million baht.