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The company now sees freedom for development of new areas of application. It has also concluded the license agreement with US-based Hyperion.
LEVERKUSEN, GERMANY/CAMBRIDGE, US: Bayer MaterialScience strengthens its position in developing new areas of application for carbon nanotubes (CNT). The company concluded a patent license agreement for the use of these materials with US based company Hyperion Catalysis International Inc. The agreement will help to solidify the leading positions of both companies in research and development as well as production technology for high-quality CNT-based products. Financial terms were not disclosed.
“We see high demand for materials with extraordinary material properties. Developments using Baytubes carbon nanotubes represent a key technology of the future for such requirements profile. We can offer innovative and long-term solutions in these areas,” said Dr Joachim Wolff, Member of the Executive Committee, Bayer MaterialScience.
Recognizing the potential for nanotechnology, Bayer MaterialScience has carried out intensive research into carbon nanotube production processes. Hyperion has been active in the field of carbon nanotubes and holds a comprehensive portfolio of patents and patent applications covering a broad technology range and future applications. Hence the company fits into Bayer's strategic plans.
© WOC News
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