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Falken & Aztex will develop next generation biomaterials
30
Aug '11
Falken Industries Ltd. announced that the Company has entered into a licensing agreement with biotechnology leader Aztex Ltd.

Falken has successfully negotiated a license to use Aztex' powerful technology to accelerate its scientific research and product development, along with an option to commercialize the resulting biomaterials in the textile and bio-health fields.

Under the agreement, Aztex will provide Falken with its proprietary genetic engineering assets and expertise to enable Falken to significantly accelerate its product development. In addition to providing the customized assets and technological know-how, Aztex has granted Falken an exclusive commercial license to use the technology in the textile and bio-health markets.

Aztex has agreed that Falken will have exclusive commercial rights to use Aztex proprietary assets in conjunction with assets previously licensed from third parties or developed by Falken's internal research. Aztex will be creating customized raw materials for Falken's use in its development of polymers and technical textiles targeting its leading position in impregnated wet wipes.

"Aztex' proprietary technologies are extremely powerful resources which enable very precise application targeting," said Falken's Communication Officer Manuel Garcia.

"We are convinced that this technology is the key to creating advanced new products and materials. We believe that when these customized assets are delivered by Aztex in the coming weeks, the technology will enable us to rapidly and precisely target specific areas for the creation of stronger fibers, advanced textiles and new bio-materials for use in our professional and industrial lines."

"Falken existing technologies and products have been recognized as revolutionary in engineering circles for various military and civil defense applications, including disinfection, and bio-health products and systems" said Garcia.

"This latest development is expected to accelerate our development of advanced materials and advance Falken's competitive advantage in the field of bio-materials. The combination of Aztex's revolutionary technology and know-how, coupled with Falken's proprietary bio-materials technology and know-how, will create synergies that will benefit both companies.

Falken Industries Ltd


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