After last year's announcement that Bayer MaterialScience intended to focus its development activities on topics more closely linked to its core business, and that the company was therefore bringing its work on carbon nanotubes to a close, it was never a question of if, but more of when the company would divest itself of fundamental intellectual property in this field.
That question has now been answered: Bayreuth, Germany-based FutureCarbon GmbH, a leading provider of carbon-based composites will acquire the bulk of the patents awarded over the past ten years in this area. The two parties have now signed an agreement to this effect. No financial details of the transfer are being disclosed.
Patrick Thomas, CEO of Bayer Material Science, who is on the record as saying that he is still convinced that carbon nanotubes have huge potential, just that for Bayer MaterialScience no groundbreaking applications for the mass market or comprehensive commercialization were likely in the foreseeable future, expressed his satisfaction at the deal.