A LEADING developer of plastic waste recycling has agreed a deal with a security consultancy specialist.
Environmental Recycling Technologies (ERT) has granted a licence to Falanx Protection Ltd for its Powder Impression Moulding (PIM) process.
ERT has developed its PIM process, which converts mixed waste plastics into commercial products.
The licence allows for the manufacture and sale of products made using the PIM process for anti-ballistic and anti-blast uses within the Middle East and North Africa, or MENA.
Roger Baynham, Managing Director of ERT, said; “The anti-ballistic and anti-blast products made using PIM opens up an exciting market for the application of our technology.”
“We are thrilled to be working with the team at Falanx and are confident that they can successfully commercialise our PIM technology within the MENA region,” he added.
Under the terms of the agreement, Falanx will pay ERT a licence fee of $100,000 in addition to annual royalties based on sales of products made using the PIM process.
John Blamire, Chief Executive of Falanx Group plc stated: “We are very pleased to be working with ERT. Their technology allows us to offer a product that gives improved blast resistance to buildings and the perceived threat of terrorism has resulted in an increase in enquiries for this type of product.”
Falanx, a wholly owned subsidiary of Falanx Group plc, is a security and risk management consultancy working with clients worldwide.
The group also offers training to companies and governments in security and close protection.