Leading biomaterials company Nanollose Limited’s (ASX: NC6) joint patent application with Grasim Industries has been granted by the Indian Patent Office.
The Patent relates to Nanollose’s innovative Nullarbor lyocell fibre and strengthens the company’s intellectual property portfolio.
Related patent applications are still pending in other major jurisdictions and this grant by the Indian Patent Office augurs well for them.
In January 2020, Nanollose signed a Collaboration Agreement with Grasim Industries, a company belonging to global conglomerate, Aditya Birla Group, one of the world’s largest man-made cellulosic fibre producers, to exclusively develop, and commercialise Nanollose’s Tree-Free fibres including lyocell fibre technology.
In January 2021 Nanollose and Grasim Industries filed a joint patent application which resulted in this granted Patent.
The technology disclosed by the Patent has now been validated in three successful pilot production runs.
Fibres produced during the pilot process have been sent to several collaborators and been converted into yarns, fabrics, and garments for further evaluation prior to potential uptake.
“We are delighted to confirm the granting of this pivotal patent for Nanollose. This is the first granted patent for our Nullarbor lyocell technology and the first with our fibre partner Grasim Industries. In addition to validating the novelty of our technology it provides protection from competition in India and further de-risks our collaboration with Birla Cellulose. We look forward to providing more updates on this patent family as it progresses through the patent system in other key markets,” Executive Chairman, Dr Wayne Best, said.
