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3D-printed home improvement solutions provider Northann Corp (NYSE:NCL) has entered into a strategic cross-licensing agreement with I4F.
I4F provides patents and technologies to the flooring industry. The agreement solidifies a collaborative effort between the two companies to enhance their respective offerings in the digital printing space.
“Intellectual property should not be a barrier to technological and industry advancements; it should be a catalyst for continuous innovation for humanity and the industry as a whole,” said Northann CEO Lin Li.
“Our cross-license agreement with I4F is designed to further democratize this technology and help I4F’s digital printing licensees greatly reduce manufacturing costs and entry barriers.”
After this cross-license agreement, Northann will manufacture its 3D printing ecosystem with digital printing production lines in the U.S., drastically reducing production costs.
Price Action: NCL shares are trading lower by 2.94% at $0.5249 on the last check Wednesday.
Image sourced from Shutterstock
Posted In: NCL
