Arxada and Novoset Announce License Agreement
BASEL, Switzerland/PEAPACK, NJ — Specialty chemicals company Arxada and Novoset LLC, a thermoset polymer material company, have signed an exclusive license agreement for the production and sale of a next-generation hydrocarbon-based resin system for telecommunications and advanced semiconductor packaging. Under the terms of the agreement, Arxada will develop, manufacture and commercialize the resin system developed by Novoset.
The technology will be developed by Arxada’s Composite Materials unit, part of its Specialty Products Solutions (SPS) business. The new resin system will serve several markets including the growing 5G telecommunications segment. It will be added to Arxada’s Primaset® range of high-performance thermoset resins for the telecommunication infrastructure and advanced semiconductor packaging industries, building on the success of its existing products for 3G and 4G electronic applications.
Antje Gerber, President, Specialty Products Solutions, said, “This collaboration with Novoset aligns with our strategy of designing and developing solutions for products of the future to address our customers’ needs. The addition of this new hydrocarbon resin system to our Composite Materials portfolio will further enhance our Primaset® range, leveraging our existing development and innovation capabilities to expand into highly desirable markets, including the rapidly growing 5G telecommunications market.”
“We are pleased to be collaborating with Arxada to develop our innovative proprietary technology. This agreement will enable us to leverage Arxada’s process development and production capabilities and broad commercial infrastructure to realize the full potential of this new technology. In addition, a new class of catalyst technology has been developed for these products, which are suitable both for conventional and advanced composite manufacturing methods,” said Dr. Sajal Das, Chief Executive Officer of Novoset LLC.
The products will be developed and manufactured in Arxada’s facility in Visp, Switzerland. Arxada is currently developing the products and plans to begin sampling to customers in Q2 2022. The collaboration is the fourth between Novoset and Arxada since 2011.
Learn more at www.arxada.com and www.novoset.com.
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