License agreement for evaluation of CNF-MIM technology extended

Smoltek announces that the agree­ment signed with a glob­al man­u­fac­tur­er of elec­tron­ic com­po­nents for tech­ni­cal and com­mer­cial eval­u­a­tion of the com­pa­ny’s CNF-MIM tech­nol­o­gy will be extend­ed until the end of March 2021. In addi­tion to fur­ther eval­u­a­tion, the par­ties will also dis­cuss the way for­ward after the eval­u­a­tion, includ­ing a poten­tial broad­en­ing of the collaboration.

This spring, Smoltek announced two sep­a­rate license agree­ments for tech­ni­cal and com­mer­cial eval­u­a­tion of the company’s patent­ed CNF-MIM tech­nol­o­gy for semi­con­duc­tor appli­ca­tions. The eval­u­a­tion projects that were then start­ed have tak­en longer to com­plete than expected.

The license that was signed in April 2020 with a world lead­ing man­u­fac­tur­er of pas­sive elec­tron­ic com­po­nents, includ­ing capac­i­tors, is now extend­ed with­out any addi­tion­al cost for the licensee. This is due to the agree­ment pri­mar­i­ly being based on oth­er fac­tors and oblig­a­tions than the time peri­od of the project, as well as the fact that some of these oblig­a­tions have tak­en longer than expect­ed to fulfil.

The exten­sion lasts until March 31 next year, and as both par­ties have a pos­i­tive out­look on this oppor­tu­ni­ty to con­tin­ue the eval­u­a­tion of the CNF-MIM tech­nol­o­gy, while at the same time dis­cussing a way for­ward for the col­lab­o­ra­tion after the eval­u­a­tion period.

“It is encour­ag­ing that we have come to an agree­ment to extend this license agree­ment, which shows that the cus­tomer sees a val­ue in invest­ing addi­tion­al time and resources in a con­tin­ued eval­u­a­tion of our CNF-MIM tech­nol­o­gy. Our top pri­or­i­ty is to thor­ough­ly com­plete the eval­u­a­tion project, so that the licensee is then in an opti­mal posi­tion to decide on a pos­si­ble con­tin­u­a­tion with the aim to facil­i­tate inte­gra­tion into upcom­ing prod­ucts,” says Ola Tiver­man, Pres­i­dent of the group com­pa­ny Smoltek Semi AB, which is in charge of licens­ing in the semi­con­duc­tor industry.

Smoltek is also in dis­cus­sions regard­ing a sim­i­lar exten­sion of the eval­u­a­tion license agree­ment that was signed in March 2020 with one of the world’s largest man­u­fac­tur­ers of capacitors.

Image: Ola Tiver­man, CRO at Smoltek & Pres­i­dent at Smoltek Semi

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