SOMERSET, NJ – NEI Corp. and Sekisui Chemical Co. of Japan have signed an exclusive agreement to license NEI’s technology for surface protection of transparent polymers used in automotive applications. The NEI technology complements coatings developed by Sekisui Chemical Co. that enhance the weatherability of polymers.
Over the course of two years, Sekisui Chemical Co. funded materials-development work at NEI with a well-defined set of technical objectives. NEI’s success in fulfilling the functional performance requirements for Sekisui’s application led to the exclusive, multi-year, worldwide license agreement, which allows Sekisui Chemical Co. to produce and market the NEI product. The two companies have agreed upon an upfront payment and a yearly royalty stream.
NEI Corp. and Sekisui Chemical Co. Sign Agreement
February 20, 2011