Cabot (CBT) - Get Cabot Corporation Report Supermetals reached a global patent cross-license agreement with Honeywell's (HON) - Get Honeywell International Inc. (HON) Report Electronic Materials business covering tantalum technologies related to the production of high-purity metals and sputtering targets.
The agreement will allow Cabot, a supplier of high purity plate and components, and Honeywell, a manufacturer of physical vapor deposition sputtering targets for semiconductor chip production, to tap into the broader combined tantalum patent portfolio to better serve semiconductor manufacturing customers. The agreement covers a combined portfolio of 14 patents.
"In addition to being good for Cabot and Honeywell, we believe this agreement will benefit the semiconductor industry by making the best tantalum technologies available more broadly," said Eduardo Cordeiro, vice president and general manager of Cabot Supermetals.
Cabot Supermetals supplies high-purity tantalum and niobium products to the electronics, aerospace, defense and chemical processing industries. Products include high capacitance Ta powders for capacitor applications and high-purity Ta ingot, plate and rod for a variety of applications.
On Wednesday, Cabot rose 19 cents to $35.82 and Honeywell, which earlier
reaffirmed growth targets, jumped $2.12 to $38.