Malvern Instruments and Paraytec enter into development and technology licensing agreement
Malvern Instruments Ltd and Paraytec Ltd have entered into a development and licensing agreement that will see Paraytec’s ActiPix® technology being added to Malvern’s materials characterization portfolio. The agreement will give Malvern exclusive rights to further develop, market and sell ActiPix® UV area imaging technology in specific fields of use related to the characterization of complex fluids for applications in biopharmaceuticals, foods and personal care industrial sectors.
Paul Walker, Managing Director of Malvern Instruments, said, “We are delighted to be adding Paraytec’s innovative UV area imaging technology to our capability. We see it as complementary to our existing technology portfolio and it offers great potential for further developing and enhancing our product range for particle size and viscosity determination.”
Mark Vaux, Paraytec CEO, said, "This is a landmark agreement for our company. To have been selected by Malvern is a huge endorsement of our technology. We look forward to working with the team at Malvern and to seeing Malvern products incorporating our ActiPix® technology being launched in due course.”
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