Bayer Material Science has announced that it is selling off a decade's worth of patents for graphene to another German company, which specialises in carbon composites.
Under the terms of the agreement announced on 31 March, 10 years' worth of intellectual property in graphene and carbon nanotubes will be transferred from Bayer to FutureCarbon based in Bayreuth. The price FutureCarbon has paid under the deal has not been publicised.
Walter Schutz, managing director of FutureCarbon, says: 'We are happy that we were able to acquire the Bayer patents for further market realisation of the technology. They expand our applications base substantially and open up new possibilities and business segments for us.'
In 2013, Bayer announced that it was closing the multi-walled carbon nanotube (MWNT) production line on which it had spent a considerable amount of money, as the market for the much heralded material became saturated.
Bayer Material Science's CEO, Patrick Thomas, made the point that he did not consider that either material should now be considered a dead end. He says: 'We remain confident that the technology harbours tremendous potential, particularly for a renowned specialist company like FutureCarbon.'
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