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Major licensing deal for AIM listed IQE 

ASA partners lead on major

licensing deal

 

ASA partners continue their longstanding relationship with AIM listed IQE Plc, having advised on an exclusive licence and option agreement with American company Translucent Inc. – a subsidiary of Silex Systems Limited, the Australian high-tech company.

 

The agreement provides for an exclusive 30-month licence for IQE to use Translucent's patented technology for a fee of up to $1.5m (payable in cash or shares), with an exclusive option to acquire the technology for $5m. The deal also involves the transfer of a range of manufacturing and characterisation equipment, alongside securing the support of two key engineers in order to facilitate the transfer of know-how.