JonDeTech Sensors AB (publ) and Varioprint AG, Heiden, Switzerland, have today signed a so-called term sheet, meaning that negotiations regarding a long-term collaboration regarding the development, production and distribution of JonDeTech’s sensor elements will begin. The goal is to have reached a consensus by 30 June 2021 on issues concerning, among other things, forms of cooperation, financing, organization, volume targets and production units related to target markets.
JonDeTech and Varioprint have been in close contact for the past two years with the explicit goal of developing, producing, and selling JonDeTech’s unique IR sensor. To achieve an optimal outcome in all processes, the parties have decided that in-depth cooperation with, among other things, the transfer of knowledge and equipment as well as staff training is both necessary and crucial.
– This is a huge and important milestone for JonDeTech, which in the long run will enable us to complete the tech transfer faster and to be able to reach really large volumes. That one of the leading PCB manufacturers shares our vision of our sensor element’s future potential and wants to be part of the journey is a sign of strength, says Leif Borg, acting CEO of JonDeTech.
In the term sheet that has now been signed, the parties agree to initiate discussions immediately and that the agreement runs until a contract is in place.
– We see great potential for JonDeTech’s nano-technological IR sensor and are convinced that an in-depth collaboration will be beneficial for both parties, says Nicolas Härtsch, CEO of Varioprint AG.
