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Northern Graphite Signs Technology Licensing Agreement with Hatch
Dec. 07, 2017 08:17AM PST
Battery Metals Investing
Northern Graphite (“Northern” or the “Company”) (TSX-V:NGC) (OTCQX:NGPHF) announces that it has signed an exclusive agreement to license certain Intellectual Property (“IP”) from Hatch (“Hatch”) for use in Northern’s proprietary natural graphite purification process. Hatch’s IP relates to the design, construction and operation of a special fluidized bed reactor that is a key component of …
Northern Graphite (“Northern” or the “Company”) (TSX-V:NGC) (OTCQX:NGPHF) announces that it has signed an exclusive agreement to license certain Intellectual Property (“IP”) from Hatch (“Hatch”) for use in Northern’s proprietary natural graphite purification process.
Hatch’s IP relates to the design, construction and operation of a special fluidized bed reactor that is a key component of Northern’s chlorine based process. Under the Agreement, Hatch will provide engineering, design and technical support services and equipment with respect to the core technology, and will share in any royalties/revenues earned by Northern through licensing the Company’s technology to third parties.
Gregory Bowes, Chief Executive Officer, commented:
“Hatch’s know how, expertise and IP has facilitated the development of a cost competitive and environmentally sustainable solution to the purification problem.
Northern’s technology provides the opportunity to build and/or license anode material manufacturing plants in the west, in parallel with the development of our Bissett Creek graphite deposit.”