Business
License agreement for anti-counterfeiting product
License agreement for anti-counterfeiting product.
About this update from Haydale Plc
[{"type":"text","content":"\n \nRNS Number : 6942H Haydale Graphene Industries PLC 19 November 2018 \n\n \n\n\n\n\n\n\n19 November 2018\n\n\n\n \nHaydale Graphene Industries plc \n \n('Haydale' or the 'Group')\n \nLicense agreement for anti-counterfeiting product\n \nHaydale (AIM: HAYD), the global advanced materials group, is pleased to announce the signing of an exclusive license agreement (\"the Agreement\") between Haydale Technologies (Thailand) Co., Ltd. (\"HTT\") and TKS Siampress Management Co., Ltd (\"TKS\"). The Agreement is for TKS over an initial 3 years and 3 months to access and use the patented anti-counterfeiting technology (\"PATit\") in commercial applications on an exclusive basis in Thailand and one other territory to be decided by the parties. \nThe Agreement requires TKS to pay an upfront license fee for grant of the license, payable in three tranches within 120 days of the Agreement. Additionally, the Agreement includes payment of a research service fee due in two payments within 45 days of signing the Agreement for provision of a speciality capacitance ink as part of the anti-counterfeiting technology. \nThe special bespoke ink that HTT will develop for TKS and deliver on an exclusive basis in applications will be commercially based on prices yet to be agreed. \nDavid Banks Executive Chairman at Haydale, commented: \"This is another successful project from our Thailand facility, HTT that is taking a significant step towards commercialisation entering this License Agreement with one or the leading Security printers in Thailand. We look forward to further developments in 2019.\"\n \nRay Gibbs, President, Business Development at Haydale, commented: \"The printing facilities and commercial position of TKS is first class. They are a quality outfit and the license is absolute demonstration that TKS see our patented product as leading the field with significant unique selling points. TKS is the first of many licenses we are looking at across the anti-counterfeiting market which is a $200bn long term opportunity that is looking for a unique solution which Haydale has produced.\"\n \nSomkid Vekinwattanasate, Managing Director at TKS, added: \"We are really excited to work with Haydale and use their speciality graphene based anti-counterfeiting technology that leads the field. We see a strong co...