DSM DYNEEMA COMPLETES ACQUISITION OF IP RIGHTS FROM HOFFMANN AIR CARGO EQUIPMENT
10/5/2011
Deal creates open-sky environment allowing airline companies broader, faster access to patented lightweight cargo nets made with Dyneema®; provides net manufacturers with full, licensed protection
The Netherlands, September 29, 2011 - DSM Dyneema has completed the outright purchase of IP rights related to the manufacture of light weight air cargo pallet nets made with Dyneema®, the world's strongest fiber™ , from Hoffman ACE (based in Friedberg, Germany). The IP rights were previously jointly owned by DSM Dyneema and Hoffmann.
The deal represents a significant move for the air cargo equipment industry allowing airlines to procure nets made with Dyneema® technology from a broader range of authorized, licensed net manufacturers. Airlines will now be able to obtain pallet nets manufactured to their specifications, from their preferred net-suppliers faster, and more easily.
It also follows DSM Dyneema's established strategy of building a robust and extensive IP portfolio providing commercial and protection benefits to licensed users of Dyneema® throughout the value chain.
Air cargo pallet nets made with Dyneema® fiber deliver significant benefits to the aviation industry. These light weight pallet nets can yield more than 50% weight saving over conventional pallet nets made from traditional fibers such as polyester or polyamide, helping to reduce fuel consumption and meet the industry's growing need to reduce carbon emissions.
Nets made with Dyneema® fiber display exceptional high strength and weather resistance and have proven to be particularly robust, exhibiting up to 50% less wear and tear in harsh in-use conditions. As the aviation industry is increasingly focusing on durable and ultra light weight equipment solutions to reduce weight and meet environmental standards, Dyneema® fiber has become an established enabling component in developing future generation light weight air cargo equipment such as pallet nets and ULDs (Unit Load Devices).
Hermann Hoffmann, Director and Owner, Hoffmann ACE: "In refocusing our business, we agreed to sell our share of the IP rights to our light weight technology for pallet nets and ULD's to our partner DSM Dyneema. The completion of this agreement will now ensure continuity and security for future supply and service to all airlines across the globe through their preferred ULD supplier."
Dietrich Wienke, Business Development Manager Aviation & Aerospace, DSM Dyneema: "This is a good deal for all parties and an important development for the industry. It opens up and accelerates access for airline companies, to be able to purchase lightweight nets made with our patented Dyneema® technology from a broader range of leading cargo net manufacturers around the world, faster and more easily."
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