Business
Equitech to Sell in Europe & the Middle East
Equitech to Sell in Europe & the Middle East.
About this update from Equitech Int'l Corp.
[{"type":"text","content":"Mullica Hill, NJ, September 1, 2021Equitech Int'l Corporation (stock exchange ticker EQTL), a company focused on thecommercialization of in-line measurement UV-Vis spectrophotometers announced thatit terminated today, a 10-year old Licensing Agreement with ColVisTec AG, a Germancompany.Under the terms of the cancellation agreement, both companies have settled theirLicensing Agreement dispute and have terminated all agreements between thecompanies on mutually agreed upon terms which included the complete divestiture ofeach party's ownership of equity interests.Equitech is now free to manufacture and offer its products anywhere in the world. \"Aswe re-positioned Equitech to serve current and new customers, it became clear to usthat to move forward with our long-term strategy, we needed to cancel this agreement.I am glad we were able to make it happen in benefit of Equitech's shareholders\", saidDr. Jaime Gómez, President & CEO. \"Without the Licensing Agreement encumbrance,Equitech's will be able to market its EquiSpec IPS and new products in Europe and theMiddle East\", added Dr. Gómez.Equitech is the inventor and developer of the EquiSpec™ an in-line UV-Vis ProcessSpectrophotometer (IPS), and a myriad of fiber optics probes such as the ReflectionPolymer Melt Probe (RPMP) and the Transmission Polymer Melt Probe (TPMP).Equitech probes allow the measurement of color and chemical composition in moltenpolymers, gases, liquids, slurries, pastes, and solids.Equitech recently acquired 81% stake in CompSOL USA, a fast-growing, USA-basedengineering development company that specializes in the manufacturing of optoelectronicand opto-mechanical devices for the manufacturing industry.Media contactsAnh NguyenMobile: +1.503.885.4171Email: [email protected]","length":1933,"tagName":"div"}]