Välinge grants MeisterWerke license on Powder Technology
Viken, Sweden - October 20, 2010
The license gives MeisteWerke global rights to use the new Välinge Powder Technology for flooring and wall panels.
Välinge welcomes MeisterWerke as licensee and partner in this new technology field and is convinced that MeisterWerke, as a high quality producer guided by the motto ”Trust and Strength in Innovation”, is well suited to further develop and commercialize the Välinge Powder Technology.
This partnership, which was initiated this spring, resulted in a license agreement signed by both parties in MeisterWerke’s facility in Meiste September 20, 2010. The agreement comprises industrial development, production and worldwide sales of products based on Välinge’s Powder Technology that allows flexibility and cost reduction in production as well as superior product features regarding surface structures, wear and impact resistance, colour variations and mechanical effects.
New innovative products based on powder technology will be used by MeisterWerke to strengthen its wall panel and flooring business. MeisterWerke is also looking at other applications where Välinge’s Powder Technology could add new features and additional value.
Välinge and MeisterWerke anticipate that new floor categories based on Powder Technology will capture large market shares mainly from stone and ceramic but also from traditional high quality laminate floors.“We at MeisterWerke are very focused on innovation. Therefore, we are happy and proud that we can work together with Välinge in this new technology and once again be pioneers in the industri”
says Guido Schulte, Managing Director of MeisterWerke.“We are very pleased that an innovative and high quality company such as MeisterWerke has decided to invest in technology, production capacity and marketing, and to join us in this new field of Powder Technology. We have previously decided that a Powder Technology license should only be given to a company that has the technical and marketing skills to commercialize this new advanced technology. MeisterWerke meets our high requirements and we believe that both parties will obtain great benefits from this partnership. We are excited to see the market reaction from this collaboration next year when several new and innovative products will be launched.”
says Darko Pervan CEO of Välinge.
For further information please contact:
Director R&D, Surface Technology
Mobile: +46 (0)706 23 00 08
Download Press Release as PDF Välinge grants MeisterWerke license on Powder Technology.pdf