Australia-based battery materials and technology company NOVONIX has entered into a licensing agreement with its long-time technology partner, Harper International, for the rights and use of its continuous, induction-based graphitization furnace technology.
In December 2020, NOVONIX and Harper announced a strategic partnership to develop graphitization furnace technology to be used to produce synthetic graphite anode material for the lithium-ion battery sector.
The licensing agreement provides NOVONIX the right to an exclusive license to Harper’s technology, on which its continuous graphitization furnaces operate.
The license will expand to include NOVONIX’s right to build equipment using the licensed technology, either internally or through other permitted sublicensees, once the equipment meets certain performance objectives.
“At the expiration of a seven-year period, NOVONIX will have a perpetual, irrevocable, and non-exclusive license to the technology for use only by NOVONIX or any sublicensee approved by Harper,” NOVONIX stated.
Source: NOVONIX
