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."