Haydale, the global advanced materials group, has announced the signing of an exclusive license agreement between Haydale Technologies (Thailand) and TKS Siampress Management. 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.
The 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.
The 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.
Ray 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."
Somkid 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 commercial arrangement as key to sales success specifically in Thailand. together with a highly consistent product. We have worked with Haydale inks for some time and their consistency and high performance Graphene Inks was one of the deciding factors to sign this license."