Bayer sells CNT intellectual property to FutureCarbon

Bayer MaterialScience, which exited the carbon nanotubes (CNT) business a year ago, will transfer a bulk of its intellectual property on CNTs to Germany-based FutureCarbon GmbH.

Related Topics:

Bayer MaterialScience (Leverkusen, Germany) reported on March 31 that is divesting itself of fundamental intellectual property regarding its research on carbon nanotubes (CNTs) and graphenes. The company FutureCarbon GmbH (Bayreuth, Germany) will acquire the bulk of the corresponding patents from the past 10 years and the two parties have now signed an agreement to this effect. The financial details of the transfer will not be disclosed.

"We are pleased that FutureCarbon, one of the partners from the Inno.CNT development network, will be carrying on our company’s work," says Patrick Thomas, CEO of Bayer MaterialScience. "We remain confident that the technology harbors tremendous potential, particularly for a renowned specialist company like FutureCarbon."

FutureCarbon GmbH is a leading provider of novel, carbon-based composites. "We enjoy a long-standing development partnership with Bayer. We are happy that we were able to acquire the Bayer patents for further market realization of the technology. They expand our applications base substantially and open up new possibilities and business segments for us," says Dr. Walter Schütz, managing director of Bayreuth.

Researchers from Bayer MaterialScience had conducted substantial research and development work in the field of CNTs in collaboration with external partners in recent years. This included complex issues relating to safe production and methods for scaling up the production processes. Next-generation catalysts and new product grades were also developed.

Much of the knowledge gleaned over recent years was made available to other companies and research institutions within the Innovation Alliance for Carbon Nanotubes (Inno.CNT), which counts Bayer MaterialScience among its roughly 90 members. After Bayer MaterialScience announced the conclusion of its CNT projects in May 2013, various companies indicated their interest in making concrete use of intellectual property developed before the decision was made for FutureCarbon as ideal partner for taking over the accomplished knowledge.