Intellectual Ventures Business Development Team Opens Doors for Visualant Technology
10 Février 2015 - 3:00PM
Business Wire
Collaboration Agreement Signed with Chinese
Instrumentation Company
Visualant, Inc. (OTCQB: VSUL), a leading provider
of disruptive light-based technologies, announced today that
Intellectual Ventures (IV) business development team has provided
an introduction of the Visualant ChromaID technology to a Chinese
instrumentation company that has led to a signed collaboration
agreement.
Visualant and IV entered into a strategic relationship in late
2013. In addition to advancing the Visualant intellectual property
with the filing of ten patents, which have been exclusively
licensed to the Company, IV is also pursuing commercialization
opportunities for the Visualant technology through their own
business development process.
The collaboration agreement just executed between Visualant and
Yantai Dongrun Instrument Co., Ltd is the first of many expected
opportunities created by Intellectual Ventures. Yantai Dongrun is a
leading developer and manufacturer of precise instrumentation,
automation and sensor products. They will be exploring ways in
which the Visualant ChromaID technology can be utilized in the
marketplace.
ChromaID is a transformative, light-based identification and
verification technology, with the potential to disrupt traditional
spectral analysis technology and other costly methods of
identification, authentication and diagnosis.
Ron Erickson, Visualant Founder and CEO said, “In addition to
working with us to expand our intellectual property portfolio,
Intellectual Ventures has begun to open doors for our ChromaID
technology around the world through their global business
development network. This is the first of many business development
announcements which we expect to come from our relationship with
IV.”
Eric Bell, Senior Director, Investment Strategy at the Invention
Development Fund of Intellectual Ventures, said, “We will continue
to work with Visualant to assist them in exploiting their ChromaID
technology and finding marketplace commercialization opportunities
for their technology.”
About Yantai Dongrun Instrument Co., Ltd.
Yantai Dongrun is a leading manufacturer of environmental
analysis instruments, material (liquid) level meters,
optic-mechanical integration equipment and automation control
systems. Based in Shandong Province, China, the Company has
received several awards and certifications for their high quality
systems and products. For more information on Yantai Dongrun go to
http://www.cndongrun.com/en/.
About Intellectual Ventures
Founded in 2000, Intellectual Ventures (IV) is the global leader
in the business of invention. IV collaborates with leading
inventors, partners with pioneering companies and invests both
expertise and capital in the process of invention. IV’s mission is
to energize and streamline an invention economy that will drive
innovation around the world. For more information on IV, go to
www.intellectualventures.com.
About IVIN
The Intellectual Ventures Invention Network (IVIN) is a
collaborative community of scientific and technical experts,
inventors and entrepreneurs who work together to create, improve
and evaluate inventions. IVIN membership provides access to
financial incentives and the global resources of Intellectual
Ventures, an invention capital company with one of the largest and
fastest-growing intellectual property portfolios in the world.
Members can submit their inventions to IV for patenting and
monetization or get paid for reviewing new inventions, analyzing
existing patents or inviting other inventors to join IVIN. By
supporting good ideas and the people who develop them, IVIN
encourages a continual supply of useful and valuable
inventions.
About Visualant, Inc.
Visualant™ is a public company whose shares trade under the
stock symbol “VSUL.” The Visualant Spectral Pattern Matching™ (SPM)
technology directs structured light onto a substance or material,
through a liquid or gas, or off a surface, to capture a unique
ChromaID™. A ChromaID can be used to identify, detect, or diagnosis
markers invisible to the human eye. ChromaID scanner modules can be
integrated into a variety of mobile or fixed-mount form factors.
The patented, award-winning technology is disruptive, making it
possible to effectively conduct analyses in the field that could
only previously be performed by large and expensive lab-based
tests. For more information on Visualant, visit the company’s new
website at www.visualant.net.
Intellectual Ventures Contact:Nick
Gibsongibson@intven.comorVisualant Press Contacts:Hal
BringmanDesk: +1-206-299-0622 ext 801Mobile:
+1-310-210-8011hal@nvpr.comSkype: halbringman
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