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Itaconix expects to generate income this year from sealants tie-up

The company will receive a sales royalty on products sold incorporating its intellectual property

Itaconix Plc (LON:ITX) has licensed out non-core polymers it has developed to tremco-illbruck, a sealant and boding specialist.

The technology will be used to improve tremco’s construction sealants.

Itaconix will receive a sales royalty on products sold incorporating its intellectual property.

The company’s chief executive, Dr Kevin Matthews, said: "tremco-illbruck has indicated that it expects to launch products containing Itaconix's technology within 12 months and we anticipate receiving a modest income in 2018."

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Itaconix Plc Timeline

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September 25 2017

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