ERT barges in with first US licence deal
By PRW Staff
Posted 13 August 2012
UK-based Environmental Recycling Technologies (ERT), an IP licensing company focused on plastic waste that last week was awarded a US patent for its Powder Impression Moulding (PIM) process, has signed its first US-based licensee, Brownwater Plastics.
The licence allows for the manufacture and sale of barge components and surfaces used in inland waters ways, lakes, harbours, rivers and canals. Under the terms of the licence Brownwater Plastics will pay ERT annual royalties based on sales of products made using the PIM process.
"Our introduction of ERT's PIM manufacturing process brings great advantages for our customers and the environment,” said Jeff James, president of Brownwater Plastics.
“Our customers' fleet management costs will benefit from materially reduced barge cover losses and repair costs, while barge covers can now both be manufactured from recycled material and can be 100% recycled at the end of their lifespan, significantly reducing their environmental footprint."
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