Diverso will be the companys business development representative in China, focusing on the energy sector, including PV, batteries, hydrogen storage materials and fuel cells.
Diversos mandate is to arrange and secure collaborative research projects or licensing agreements between the company and third party commercialization partners in the Peoples Republic of China. Ilika will reimburse Diverso based on the revenues it receives from such third party commercialization partners. Its appointment will initially last for three years.
Stephen Edkins, partner at Diverso, said: "We believe Ilikas ability to rapidly develop novel materials suitable for the cleantech sector is of tremendous value to companies based in China. Ilikas proprietary R&D technology makes it extremely attractive as a source of expertise to highly efficient, fast-growing Chinese manufacturers. Growth in Chinas R&D spending has averaged over 20 percent annually, and with strong government backing we expect this trend to continue."
Ilika chief executive Graeme Purdy added: "Diverso's proven expertise in introducing innovative technology to Chinese manufacturing partners is a great attraction to us … we hope [the partnership] will unlock a major market for us."
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.