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Old 07 April 2004, 13:04   #1
Country: UK - England
Town: east cowes
Make: academic
Length: no boat
Engine: fresh air
Join Date: Sep 2003
Posts: 540
new rib manafacturer?

I found this in investors chronicle today, I thought it might be of interest.

3DM boosted by new licence agreements
Shares in plastics technology specialist 3DM received a boost earlier this week with confirmation of new licensing agreements.

To date, agreements signed have been for the company's PIM process, which allows the production of a plastic composite that has the strength and other comparable properties of metal. 3DM is negotiating a number of further deals that may also include its three-dimensional blow-moulding process.

3DM has sold a conditional exclusive licence to UK-based boat builder Highseas, which relates to the PIM process for the production of rigid inflatable boats, 60-foot vessels and components. 3DM holds 34.3 per cent of Highseas' share capital and will receive a royalty of 10 per cent on its sales, which are expected to commence from 2005, with a minimum payment of 250,000-a-year for three years. 3DM is likely to benefit further when Highseas joins Aim later this year.

The latest licence follows agreed deals with pallet producer 3DM Materials Handling, modular housing group 3DM Africa, Cyprus-based water-tank manufacturer Vareplast and Geomatrix, a supplier of wood and plastic products for the home consumer materials market in the US.
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