Sicut Enterprises is pleased to announce that it has negotiated an important extension to its exclusive territorial rights to patented recycled plastic composite technology developed at Rutgers, The State University of New Jersey. Sicut and Rutgers entered into a License Agreement relating to this technology in 2006.
Sicut’s exclusive rights to manufacture, have manufactured, market, distribute and sell products using Rutgers technology now extend across Australia, New Zealand, South East Asia and Africa (with the exception of Morocco). This is in addition to the rights in Europe and India granted back in 2006.
This amendment to Sicut’s licensed right enables Sicut to exclusively utilise proven intellectual property to manufacture and sell railway sleepers and other structural composite materials used in industrial applications in these new territories.
Following the amendment, Sicut and the one other licensee, based in the US, remain the only two licensees of tested and proven recycled plastic composite technology developed by Rutgers and Sicut over the past 20 years. Sicut and the other licensee each enjoy the exclusive rights to exploit this unique technology in clearly defined territories. This includes the manufacture, marketing, distribution and sale of products using the technology. Sicut’s amended license now grants Sicut exclusive worldwide rights to the technology, with the following exclusions:
• the Americas, Russia, Saudi Arabia, South Korea, Turkmenistan, Belarus, Moldova, Azerbaijan, Morocco, Tajikistan, Georgia, Armenia and the complete Caribbean territory;
• China, a territory to which Sicut and the other licensee share the exclusive rights.