MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Dec. 6, 2018-- Materion Corporation (NYSE:MTRN) announced that it has entered into an intellectual property licensing agreement with New Jersey-based Eutectix LLC. The agreement, which is effective October 22, 2018, grants to Eutectix, a manufacturer of specialty alloys and master alloys, a license to the entire Materion bulk metallic glass patent portfolio and to any and all patents arising therefrom, which license is exclusive for the first five years. In 2010, Materion was one of the first in the industry to begin producing high quality alloys for use in bulk metallic glass manufacturing applications.
“Our agreement with Eutectix presents a unique opportunity to increase market penetration of this exciting value-creating technology,” said Clive Grannum, President Materion Performance Alloys and Composites.
“We are very excited to move forward with this agreement,” said John de Neufville, Chief Executive Officer for Eutectix. “Customers can expect the same reliable quality and service that they have come to know when working with Materion.”
The enhanced business relationship will begin immediately. As part of this change, Jason Clune, Manager, Application & Business Development and Nick Hutchinson, Senior Engineer for Materion will transition into new roles with Eutectix.