Stock Market News
Itaconix licenses non-core polymer assets to tremco-illbruck
Itaconix announced on Thursday that it has licensed certain non-core polymer assets developed under a joint development agreement, to tremco-illbruck - a division of RPM International.
The AIM-traded company said that under the terms of the deal, tremco-illbruck would acquire the rights to certain Itaconix polymer technology to improve the performance of its construction sealant products.
As consideration for the licence and assignment, tremco-illbruck would make royalty payments to Itaconix on net sales of derived products incorporating Itaconix technology.
"tremco-illbruck has indicated that it expects to launch products containing Itaconix's technology within 12 months and we anticipate receiving a modest income in 2018," commented Itaconix CEO Dr Kevin Matthews.
The AIM-traded company said that under the terms of the deal, tremco-illbruck would acquire the rights to certain Itaconix polymer technology to improve the performance of its construction sealant products.
As consideration for the licence and assignment, tremco-illbruck would make royalty payments to Itaconix on net sales of derived products incorporating Itaconix technology.
"tremco-illbruck has indicated that it expects to launch products containing Itaconix's technology within 12 months and we anticipate receiving a modest income in 2018," commented Itaconix CEO Dr Kevin Matthews.
Related share prices |
---|
Itaconix (ITX) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price