Materia Inc. has announced that it has entered into a license agreement with Evonik Industries related to olefin metathesis catalysts, following a patent infringement case between the two companies.
Subject to the terms of the agreement, Evonik allows Materia to make and sell the catalysts that are covered by an injunction issued by the court in August 2017. The agreement also permits Materia's customers to use these catalysts in their products.
Materia’s Chief Executive Officer, Nitin Apte, said: "We are pleased to enter into this mutually beneficial agreement with Evonik to ensure that Materia's entire Grubbs catalyst portfolio continues to be available to our customers globally […] This is an important step in the settlement process and we are encouraged to be moving forward."
The license agreement addresses Evonik's United States Patent Numbers 7,378,528, 7,652,145 and 8,153,810 and related US and foreign patents and patent applications.
Read the article online at: https://www.hydrocarbonengineering.com/refining/18102017/materia-and-evonik-reach-agreement-on-catalyst-license/