|
|
(The Woodlands, TX - November 30, 2005) The Houston Advanced Research Center (HARC) and Panchem Industries, Ltd. (PCI) of New Zealand have signed an exclusive licensing and commercialization agreement to develop markets for HARCwood® in Australia, New Zealand and the Oceania region.
HARCwood is a patented process for converting medium density fiberboard into a durable, water and fire resistant building material that is also mold and termite resistant and suitable for a wide range of applications. The process, invented at HARC, has been under development for several years. HARC holds patents on the HARCwood process in several countries around the world.
"HARCwood offers great potential for providing more sustainable building materials at lower cost and higher durability," said HARC President J. Todd Mitchell. "We look forward to working with Panchem Industries as they move quickly to commercialize an invention that can provide a more sustainable building alternative."
Panchem Industries, Ltd., is a newly formed venture with capabilities in business development and marketing. "The Directors of Panchem Industries are excited about marketing HARCwood," said Chris Ring, PCI Director. "PCI was formed for the sole purpose of introducing the innovative HARCwood building material throughout the Oceania region and beyond."
PCI and HARC will now focus their attentions on developing manufacturing capacity and markets. They share a goal of having a commercial scale plant up and running within a year.
Founded in 1982, HARC is a nonprofit organization based in The Woodlands, Texas, dedicated to improving human and ecosystem well-being through the application of sustainability science and principles of sustainable development. For more than 20 years, HARC has been a leader in moving knowledge to action to improve human well-being and protect the environment.
For more information, visit www.harc.edu
HARC Contact
Karl R. Rábago, 281-364-4035 Cell: 832-723-7443, krabago@harc.edu
|
|
| Page Updated/Reviewed: 11/30/2005 |
|
|
