Accelr8 and Schott Nexterion Announce Supply Agreement and Letter Of Intent For Exclusive License

16-Oct-2003

Accelr8 Technology Corporation announced the signing of a supply agreement and a letter of intent to proceed to an exclusive technology transfer license for Accelr8's OptiChem(TM) surface chemistry products. Under the supply agreement, SCHOTT Nexterion will purchase Accelr8's OptArray(TM) microarraying slides and re-sell them under the Nexterion brand through its global sales organization starting immediately. Under the intended technology transfer license, SCHOTT Nexterion will manufacture the OptArray slides and have exclusive global marketing rights to these products. The two companies will cooperatively market the products, and Accelr8 will provide technology transfer consulting services to facilitate the transition.

Accelr8 will be SCHOTT Nexterion's sole supplier of permeable hydrogel microarraying slides during the term of the supply agreement. Accelr8 will provide sales training and will provide technical support to SCHOTT Nexterion's customers. Accelr8's microarraying slides complement SCHOTT Nexterion's existing product range by providing a permeable three-dimensional hydrogel surface for high-performance applications in basic research, drug discovery, and molecular diagnostics. During the term of the supply agreement Accelr8 will continue to produce the microarraying products in its Denver facility. It is intended that SCHOTT Nexterion will ultimately become the exclusive outsource manufacturer for OptArray products in the Summer of 2004. Accelr8 will use exclusively SCHOTT's borosilicate glass in its slides, as it optimally complements the performance of the OptiChem surface chemistry.

https://www.chemeurope.com/en/news/29664/accelr8-and-schott-nexterion-announce-supply-agreement-and-letter-of-intent-for-exclusive-license.html