Versarien Extends Polygrene™ Licensing Agreements in South America
Why we think this is good
The RNS announcement details the extension of Versarien's existing licensing agreements with Montana Química LTDA for the use of the company's proprietary Polygrene™ thermoplastic compounds and masterbatches in South America. The agreement includes additional payments and royalties to Versarien, representing incremental revenue and profit. While the financial impact is not transformational, the extension of this partnership is a positive development for the company.
Key Points
- Versarien extends existing licensing agreements with Montana Química LTDA in South America
- Additional payments and royalties to Versarien, including £25,000 for know-how and technical assistance, £25,000 once manufacturing commences, and a 5% royalty on sales revenue
- Represents a continuation and expansion of an existing partnership between the companies
Summary
Versarien Plc (AIM: VRS) has extended its existing manufacturing licence agreement and know-how licence and technical assistance agreement with Montana Química LTDA, a leading business in its markets in South America. The extended agreements cover the use of certain of Versarien's proprietary graphene and related material thermoplastic compounds and masterbatches (Polygrene™) in products to be manufactured and sold by Montana in South America, together with Versarien providing further additional know-how, technical assistance and training to Montana.