May 21, 2012 07:39 EDT Oxeon AB Velocite Tech Co., Ltd, (Velocite), the makers of Velocite bicycles and components, and Oxeon AB (Oxeon), manufacturers of TeXtreme® Spread Tow carbon fiber reinforcements enter into a research and development agreement to identify the optimal carbon fiber layup and resin system for fabrication of bicycle frames using TeXtreme® based carbon fiber prepreg, and closed molding process.