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Global Matrechs, Inc. Announces Licensing Agreement for Radiation Resistant Technology Targeting Environmental and Nuclear Waste Markets in the European Community, China and India
By BusinessWire Last Update: 5/16/2006 9:27:01 AM Data provided by
RIDGEFIELD, Conn., May 16, 2006 (BUSINESS WIRE) -- Global Matrechs, Inc. (GMTH) http://www.globalmatrechs.com, a company with technologies in the nuclear, chemical and environmental sectors, reports it has entered into a licensing agreement with NUCON-RF, Inc.,("NUCON"), http://www.nucon-rf.com, a US Corporation with executive and operations offices in Moscow, to market NuCap(TM). The agreement gives NUCON-RF exclusive distribution in the Former Soviet Union and non-exclusive rights in the European Union, China and India for NuCap(TM), a highly radiation- and corrosion-resistant technology.
NUCON's expertise and focus is technical solutions for high-end environmental markets in the Former Soviet Union, Europe & Asia. NUCON has identified markets and demand for the cleaning up of nuclear waste and other markets for NuCap(TM) including the Chernobyl Shelter. The strategic alliances of NUCON-RF include ROSENERGOATOM ("ROSATOM"), the operating utility of all Russia's nuclear power plants and ATOMSTROYEXPORT ("ASE"). ASE was established by the Ministry of the Russian Federation for Atomic Energy, to promote the export of Russian-made products for nuclear power projects abroad.
Under the terms, Global Matrechs, Inc. retains ownership and controls the worldwide exclusive proprietary rights to NuCap(TM), with manufacturing via Dow Corning. NUCON-RF has the sub-license rights to market, sell and distribute NuCap(TM) into the following territories; Russian Federation on an exclusive basis, European Union, China and India on a non-exclusive basis.
According to CEO Michael Sheppard, "We have been working on this agreement for 18 months in order to execute delivery of NuCap(TM) into new foreign markets. We are thrilled to be associated with NUCON-RF and foresee the market penetration that was expected for the technology in the Eastern European markets years ago, to finally come to fruition."
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