Haydale (HAYD) signed an exclusive license agreement for 3 years and 3 months to access to its patented anti-counterfeiting technology in commercial applications.
The agreement was inked with TKS Siampress management, for use of the technology on an exclusive basis in Thailand and one other territory to be determined by both parties.
Somkid Vekinwattanasate, Managing Director at TKS, said: "We are really excited to work with Haydale and use their speciality graphene based anti-counterfeiting technology that leads the field. 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."
TKS will pay Haydale an upfront license fee, a payment of research service fee, and the company will provide a bespoke, specialty capacitance ink as part of anti-counterfeiting technology.
Shares in Haydale surged 18% to 17.75p following the announcement.
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.”
He added “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."
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