Gurit Grants Sprint License to Hexcel

28 January 2010

Gurit has granted a non-exclusive license for its patented Sprint technology and products to Hexcel Corporation.

The licence will allow Hexcel to produce composite material under its Sprint technology and product patents on a non-exclusive basis.

This agreement includes a ‘high single digit million’ Swiss Frans settlement for past use of the technology and an additional payment for future use.

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