Summus Works, Inc., formerly known as Prime Rate Investors, has signed a letter of intent to acquire the U.S. distributor of Lisker clothing. Lisker is based in Grenoble, France, where it manufactures technical ski and snowboard wear and accessories. Lisker also manufactures the Stockli line of sportswear for the Swiss ski manufacturer, and the Company noted the horizontal advantage of the acquisition.

The acquisition is pending the execution of definitive agreements.