November 22, 2018
TKS Siampress Management has signed an exclusive agreement with Haydale Graphene Industries PLC, allowing TKS to license Haydale’s anticounterfeiting ink for “an initial period of three years and three months.”
As Proactive Investors reports, this exclusive license “applies to Thailand and one other territory to be decided by the parties.”
Haydale’s PATit technology involves the use of graphene inks to “print a specific pattern for a customer, that produces a verifiable capacitance reading.”
TKS must now pay an upfront fee within 120 days of the signing of the agreement, as well as an additional research service fee within 45 days “for the provision of a speciality capacitance ink as part of the anticounterfeiting technology.”
“The printing facilities and commercial position of TKS is first class,” said Ray Gibbs, the president of business development at Haydale.
“They are a quality outfit and the licence is an absolute demonstration that TKS see our patented product as leading the field with significant unique selling points. TKS is the first of many licences we are looking at across the anti-counterfeiting market which is a $200 billion (€175.3 billion) long-term opportunity that is looking for a unique solution which Haydale has produced,” he added.
Somkid Vekinwattanasate, Managing Director at TKS, expressed his firm’s excitement at the prospect of using Haydale’s anti-counterfeiting technology.
“We see a strong commercial arrangement as key to sales success specifically in Thailand. together with a highly consistent product. We have worked with Haydale inks for some time and their consistency and high-performance Graphene Inks was one of the deciding factors to sign this licence,” he said.
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