AsianScientist (Jul. 20, 2011) – Texas-based Applied Nanotech Holdings, Inc. announced today that it had licensed its solar ink and paste technology to Sichuan Anxian Yinhe Construction and Chemical Group (YHCC).
This is the first license agreement to arise out of the strategic relationship with YHCC previously announced in February 2011.
Under the terms of the license, Applied Nanotech will receive an upfront payment of US$2 million and an ongoing royalty of three percent on sales of solar inks and pastes by YHCC.
The agreement grants YHCC an exclusive license for Applied Nanotech’s solar ink and paste technology in Asia, excluding Korea and Japan.
YHCC has begun construction on a manufacturing facility to produce solar inks in its technical park in China. Applied Nanotech’s aluminum pastes are the first products that YHCC will begin producing and is expected to be manufacturing and selling these pastes in 2012.
This tie-up gives Applied Nanotech exposure to the fast growing solar manufacturing market in Asia. The photovoltaic solar industry generated US$82 billion in global revenues in 2010, with Asia dominating the solar manufacturing marketplace and China alone manufacturing nearly 60 percent of the worldwide solar cells in 2010.
“We are pleased that YHCC has recognized the disruptive nature of our technology and have committed to make the commercialization of our solar inks the highest priority,” said Dr. Zvi Yaniv, CEO of Applied Nanotech, Inc.
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Source: Applied Nanotech, Inc..
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