Applied Nanotech Holdings, Inc. (AAPH) Announces Licensing Agreement with Sichuan Anxian Yinhe Construction and Chemical Group (“YHCC”)
Applied Nanotech Holdings, Inc. announced today it licensed its solar ink and paste technology to YHCC. In February 2011 Applied Nanotech announced a strategic partnership with YHCC. This is the first license agreement to arise from that partnership. Under terms of the license, Applied Nanotech will receive an ongoing royalty of 3 percent of sales of solar ink and paste by YHCC, as well as a $1.5 million upfront payment due by August 2011. Another $500,000 is payable in April 2012, assuming certain technical specifications have been met. "YHCC has shown a tremendous amount of interest in our solar inks…