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Visualant Inc. will acquire Javelin LLC’s license for SPM in the environmental field of use
Visualant Inc. announced that is has entered into an agreement to acquire Javelin LLC’s license for SPM in the environmental field of use.
The application of Visualant’s SPM technology to sustainability and environmental uses includes the analysis of water quality, presence of oil and other chemicals in water, detection of hazardous substances produced by emissions, pollution measurement and more.
With this agreement, Visualant has consolidated all of its intellectual property. Additionally, it has entered into a business development agreement with Javelin LLC to explore applications for SPM in all fields of use.
“By bringing all of our intellectual property together under the Visualant umbrella, we can more quickly and efficiently identify and conquer more opportunities in the marketplace,” said Visualant CEO Ron Erickson. “We expect the Javelin LLC team to deliver world class business development opportunities from their broad global network.”
This pact follows on the heels of several other recent strategic moves by the company, including closing a strategic investment and partnership with Sumitomo Precision Products Co. Ltd., hiring a former long-term Apple engineer as its head of product management and technology and expanding its Seattle offices.