Mullica Hill, NJ, September 1, 2021
Equitech Int'l Corporation (stock exchange ticker EQTL), a company focused on the
commercialization of in-line measurement UV-Vis spectrophotometers announced that
it terminated today, a 10-year old Licensing Agreement with ColVisTec AG, a German
company.
Under the terms of the cancellation agreement, both companies have settled their
Licensing Agreement dispute and have terminated all agreements between the
companies on mutually agreed upon terms which included the complete divestiture of
each party's ownership of equity interests.
Equitech is now free to manufacture and offer its products anywhere in the world. "As
we re-positioned Equitech to serve current and new customers, it became clear to us
that 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", said
Dr. 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 the
Middle East", added Dr. Gómez.
Equitech is the inventor and developer of the EquiSpec™ an in-line UV-Vis Process
Spectrophotometer (IPS), and a myriad of fiber optics probes such as the Reflection
Polymer Melt Probe (RPMP) and the Transmission Polymer Melt Probe (TPMP).
Equitech probes allow the measurement of color and chemical composition in molten
polymers, gases, liquids, slurries, pastes, and solids.
Equitech recently acquired 81% stake in CompSOL USA, a fast-growing, USA-based
engineering development company that specializes in the manufacturing of optoelectronic
and opto-mechanical devices for the manufacturing industry.
Media contacts
Anh Nguyen
Mobile: +1.503.885.4171
Email: info@equitechintl.com