Porvair (Leatherhead, UK) has signed a technology licensing agreement with Thermo Electron Manufacturing, a division of Thermo Fisher Scientific (California, USA). Porvair has licensed its filter technology to Thermo to develop a range of life science sample preparation filters. Porvair will manufacture the products, and Thermo will distribute and market the products worldwide.
Ben Stocks, Group Chief Executive, commented: "As part of Porvair's focus on new product development, we have been working for several years with Thermo to develop a range of laboratory sample preparation products, which we are excited to see move into the commercial phase. Porvair has received a technology transfer fee and, in addition, will generate manufacturing margins and royalties on future revenues.”
In a separate agreement, Porvair has acquired Thomas Cain, a manufacturer of environmental laboratory equipment and consumables. The acquisition will be merged with Seal Analytics, a division of Porvair.
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