Hoffmann Green Signs a Key Licensing Agreement in the United States
10 Julho 2024 - 3:00AM
Business Wire
- Entrance fees of €20 million, including 2 million
guaranteed
- Business model including entrance fees, royalties and the
sale of Hoffmann premix
Hoffmann Green Cement Technologies (ISIN: FR0013451044, Ticker:
ALHGR) (“Hoffmann Green Cement” or the “Company”), an industrial
player committed to the decarbonation of the construction sector
that designs and markets innovative clinker-free cements, announces
the signature of a 30-year licensing agreement in the United
States.
An exclusive 30-year licensing agreement with a firmly
established partner in the United States to benefit from Hoffmann
Green's 0% clinker technologies and replicate Hoffmann units on the
vertical model of the H2 production unit.
After a conclusive series of tests and several months of
discussions, Hoffmann Green has signed a licensing agreement with
Hoffmann Green USA, owned by Olivier Ducimetière-Monod and his
associate Francis Beauvallet. Olivier Ducimetière-Monod, based in
the United States since 1988, is a successful construction and
property development entrepreneur. With more than 35 years'
experience in the sector, Olivier Ducimetière-Monod has a strong
network in the American political and economic ecosystem as well as
precious expertise to support Hoffmann's development throughout the
United States. Francis Beauvallet, CEO of Beauvallet Construction,
a key player in the monument restoration and financial engineering
sector in France, will also bring his complementary expertise to
the deployment of the Hoffmann model in the United States.
In return for the industrial and technological transfer and
exclusivity in the first American states, Hoffmann Green will
receive a first entry fee of €2 million as well as fixed and
variable annual royalties based on sales generated by the
commercialization of Hoffmann cements. The contract also gives the
partner the option of sub-licensing Hoffmann units in these states.
This option represents an additional growth driver for Hoffmann,
generating more royalties and extending the sale of premix to
sub-licensees. Negotiations with key sub-licensees are already in
progress. This licensing agreement reaffirms the interest of
international partners in Hoffmann Green's innovative solution and
the viability of its international development model.
The contract signed with the partner also includes the option,
until 2025, of an extension of the license to the entire United
States in exchange for a total entry fee of €20 million.
Julien Blanchard and David Hoffmann, co-founders of Hoffmann
Green Cement Technologies, said: “The signing of this key
licensing agreement in the U.S.A. is the concrete result of the
pre-agreement announced at the end of last year. We are delighted
to join forces with two partners who share our vision of the
construction sector and have both significant expertise and
in-depth knowledge of the local ecosystem. After the licensing
agreement signed in 2023 in Saudi Arabia, this step strengthens our
international development strategy in two key states of the
American construction sector, with the option of extending this
agreement to the entire US territory by 2025. We thank our partner
for its confidence and are delighted with this new licensing
contract, which will contribute to the decarbonization of the U.S.
dynamic construction sector. The deployment of our plants and the
commercialization of our 0% cement clinker will play a key role in
this transition.”
For further information, please go to :
www.ciments-hoffmann.fr/
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version on businesswire.com: https://www.businesswire.com/news/home/20240709196562/en/
Hoffmann Green Jérôme Caron Chief Financial Officer
finances@ciments-hoffmann.fr 02 51 460 600 NewCap Investors
Relations Thomas Grojean Alban Dufumier
ciments-hoffmann@newcap.eu 01 44 71 94 94 NewCap Financial Media
Relations Nicolas Merigeau Antoine Pacquier
ciments-hoffmann@newcap.eu 01 44 71 94 98
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