Northann Corp Announces Cross-Licensing Agreement with I4F for Digital Printing Technology
10 April 2024 - 2:00PM
Northann Corp. (NYSE American: NCL), a leading innovator in
3D-printed home improvement solutions, is pleased to announce a
strategic cross-licensing agreement with I4F, a group of companies
providing patents and technologies to the flooring industry.
This agreement solidifies a collaborative effort
between the two companies to enhance their respective offerings in
the digital printing space. Northann Corp's commitment to
innovation and quality aligns perfectly with I4F's expertise in
digital printing technology, creating a synergy that promises
exciting advancements in the flooring industry.
"Intellectual property should not be a barrier to
technological and industry advancements; it should be a catalyst
for continuous innovation for humanity and the industry as a
whole," said Lin Li, CEO of Northann Corp. "Our cross-license
agreement with I4F is designed to further democratize this
technology and help I4F's digital printing licensees greatly reduce
manufacturing costs and entry barriers. After this cross-license
agreement, Northann Corp will manufacture its 3D printing ecosystem
with digital printing production lines in the United States,
drastically reducing production costs, and further solidifying
Northann’s foothold within the industry."
About Northann Corp.
Northann specializes in 3D-printed flooring
solutions under its flagship brand, "Benchwick." The Company's
operations span the full spectrum of additive manufacturing, from
sourcing recycled ocean plastics to the final production of
intricate flooring designs. Northann offers its 3D printing
ecosystem as an extensive range of proprietary solutions, including
Infinite Glass, DSE, TruBevel, and MattMaster, primarily through
its sales network in North America and Europe. The Company aims to
redefine the essence of modern flooring and wall panels by offering
stylish, durable, and ecologically conscious solutions.
For more information about Northann, please
visit www.northann.com.
Forward-Looking Statement
This press release contains forward-looking
statements. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as "may, "will, "intend," "should," "believe,"
"expect," "anticipate," "project," "estimate" or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, other
factors discussed in the “Risk Factors” section of the registration
statement filed with the SEC. For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
For investor and media inquiries, please
contact:
Investor Relations Northann Corp. Email:
ir@northann.com Phone: +1 (916) 573-3803
Skyline Corporate Communications Group, LLC Scott
Powell, President 1177 Avenue of the Americas, 5th Floor
New York, NY, 10036 Office: (646) 893-5835 x2
Email: info@skylineccg.com
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