Arxada and Novoset Sign Global Licensing Agreement

Arxada and Novoset Sign Global License Agreement to Develop Next-Generation Composite Materials Arxada and Novoset LLC, a technology and process-focused thermoset polymer materials company providing "systems solutions," have announced the signing of an exclusive license agreement covering the manufacture and sale of a new-generation hydrocarbon-based resin system for telecommunications and advanced semiconductor packaging. The technology will be developed by the Composite Materials unit, part of Arxada's Specialty Products Solutions (SPS) business. The new resin system will serve numerous markets, including the growing 5G telecommunications segment. It will be added to Arxada's Primaset® series of high-performance thermoset resins for telecommunications infrastructure and advanced semiconductor packaging industries, building on the success of existing products for 3G and 4G electronic applications. Antje Gerber, President of Specialty Products Solutions, said: "This collaboration with Novoset aligns with our strategy of designing and developing solutions for the products of tomorrow to meet our customers' needs. Adding this new hydrocarbon resin system to our Composite Materials portfolio will further advance our Primaset® product range by leveraging our existing development and innovation capabilities to expand into highly sought-after markets, including the rapidly growing 5G telecommunications sector." Dr. Sajal Das, Chief Executive Officer of Novoset, LLC, added: "We are pleased to collaborate with Arxada to advance our innovative proprietary technology. This agreement will allow us to leverage Arxada's process development and manufacturing capabilities as well as its extensive commercial infrastructure to realize the full potential of this new technology. Additionally, a new class of catalyst technology has been developed suitable for both conventional and advanced composite manufacturing methods for these products."