Novonix enters license pact with Haper for graphitization furnace technology

Novonix (NVX) announced that it has entered into a licensing agreement with its technology partner, Harper International, for the rights and use of its continuous, induction-based graphitization furnace technology. In December 2020, Novonix and Harper announced a strategic partnership to develop graphitization furnace technology to be used to produce synthetic graphite anode material for the lithium-ion battery sector. This partnership provided for commitments from Novonix to purchase from Harper, and from Harper to develop and exclusively supply Novonix with proprietary systems for thermal processing material for the battery anode market. Alongside this exclusive use agreement, the licensing agreement provides Novonix the right to an exclusive license to Harper’s technology on which its continuous graphitization furnaces operate. Upon making an initial payment within 12 months of the effective date of the agreement, Novonix will have the exclusive license to use the technology to further develop the furnaces used for the thermal production of graphite material for use in the battery anode market. Upon equipment meeting certain performance objectives, and Novonix’s payment of additional licensing fees, the license will expand to include Novonix’s right to build equipment using the licensed technology, either internally or through other permitted sublicensees.