CeraTech Inc. has entered into a license agreement with CeraTech ME&A, Ltd., a newly formed, separately owned and operated company, in which CeraTech Inc. grants ME&A the exclusive rights to manufacture, market and sell CeraTech’s highly durable and environmentally-friendly cements. As the licensor, CeraTech will provide technical support and ongoing product development and research to ME&A.
According to Jon Hyman, CEO of CeraTech Inc., “Establishing an independent licensing agreement in the Middle East and Africa is an important step for our company.” Hyman added, “ME&A has the ability to provide what is essentially a zero carbon construction material to fast growing markets in countries outside the United States.”
Environmental and sustainable construction benefits were also a key consideration in the formation of ME&A. CeraTech cement is manufactured utilizing nearly 100 percent recycled materials. The cement incorporates 95 percent recycled fly ash and 5 percent proprietary liquid additives. According to Laurent Delifer, CEO of CeraTech ME&A, “CeraTech technology is uniquely positioned to meet the high growth demand for construction materials in the Middle East and Africa regions. Our product satisfies both government and private corporation concerns for sustainability and meets the stringent standards set by oil and gas companies.”
Delifer continued, “Countries in our markets are at the very early stage of establishing green building practices. The ability to offer cement with a virtually zero carbon footprint and that uses much less water gives us a very strong competitive advantage as well. We will be working closely with current cement producers and key players in the ecosystem to establish markets throughout the Middle East and Africa.”