AkzoNobel and Intellectual Ventures to Collaborate on New Coatings Technologies

Akzo Nobel N.V. (AkzoNobel) and Intellectual Ventures (IV®) announced today that they have entered into a joint collaboration agreement to develop new technologies for the paint and coatings industry.

The collaboration provides AkzoNobel with access to technologies from IV's portfolio of chemistry and materials science inventions. Under the terms of the agreement, IV will work with its network of more than 3,000 inventors – including individual inventors and inventors from government labs, research institutions, corporations and universities – to invent new technologies that can then be used by AkzoNobel to enhance its competitive position. AkzoNobel may select technologies for further development and testing, potentially leading to commercialization in new and existing products.

"This collaboration with Intellectual Ventures aims to enhance the innovation pipelines available to AkzoNobel to help us achieve our goal of continued improvement and new product introductions," said Jos Keurentjes, director of open innovation for AkzoNobel.

"Intellectual Ventures is proud to collaborate with AkzoNobel, a leader in the coatings industry," said Tim Londergan, senior director at Intellectual Ventures. "We are building a robust chemistry and materials invention portfolio that will enable new and enhanced products and processes that can be commercialized by companies such as AkzoNobel."

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