WARREN, MI – Ecology Coatings Inc., Warren, MI, has entered into a license agreement with German-based BASF Coatings GmbH. Under the terms of the agreement, Ecology Coatings is providing BASF a non-exclusive license for use of four patents. BASF will pay Ecology Coatings royalties based on a percent of the net sales values of products using the patents. Patents included in the agreement are: EP 1 723 180; US 7,323,248; US 7,153,892; and US 7,498,362. The agreement will terminate upon the expiration of the last patent licensed by BASF.
Patent EP 1 723 180 pertains to a coating for metal objects and can be used on automotive parts and many other industrial articles. The coating is especially useful for metal objects with rubber or plastic parts that would be damaged by heat.