License agreement for evaluation of CNF-MIM technology extended

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 dur­ing the spring have taken longer to com­plete than expected.

The license that was signed in March 2020 with one of the world’s largest capa­cit­or man­u­fac­tur­ers, which was pre­vi­ously announced to have been exten­ded to the end of Octo­ber, is now exten­ded to the end of the year without any addi­tion­al cost for the licensee. The form­al­isa­tion of the agree­ment was time-con­sum­ing, but it has now been signed. The exten­sion enables the parties to focus on the com­ple­tion of the eval­u­ation, while at the same time dis­cuss­ing a pos­sible con­tinu­ation of the collaboration.

“It is sat­is­fy­ing that we have now come to an agree­ment to extend this license agree­ment, so that we can com­plete the eval­u­ation in a pur­pose­ful man­ner. When this is done, the licensee will be in an optim­al pos­i­tion to decide on a pos­sible con­tin­ued col­lab­or­a­tion to facil­it­ate integ­ra­tion of our CNF-MIM tech­no­logy in 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 a sim­il­ar dia­logue regard­ing a pos­sible con­tinu­ation of the col­lab­or­a­tion with the licensee which has been gran­ted an eval­u­ation license val­id until March 31, 2021. The com­pany expects to be able to update on this col­lab­or­a­tion dur­ing the second quarter of 2021.

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