Hoffmann Green Extends Its Licensing Agreement in the United States, Resulting in an Additional Entrance Fee of €8 Million
15 January 2025 - 4:00AM
Business Wire
Regulatory News:
Hoffmann Green Cement Technologies (ISIN: FR0013451044, Ticker:
ALHGR) (“Hoffmann Green Cement” or the “Company”), an industrial
player committed to the decarbonation of the construction sector
that designs and markets innovative clinker-free cements, announced
the extension of the licensing agreement with its American partner
Hoffmann Green USA signed in July 2024, triggering an additional
entry fee of 8 million euros.
Convinced by the performance of Hoffmann Green 0% clinker
cements and the interest of the American construction market in
this disruptive technology, the Company's partner, Hoffmann Green
USA, has extended its licensing rights to the 25 states of the
eastern United States. Following on from the acceleration of
Hoffmann Green's international deployment in 2024, this decision
confirms the growing interest of the American market for concrete,
innovative solutions capable of responding immediately to the
ambitious decarbonization objectives of the construction
sector.
In exchange for the industrial and technological transfer and
exclusivity in these new countries, this extension triggers an
entry fee of €8 million, in addition to the €2 million already
received. The contract also includes fixed and variable annual
royalties based on sales generated by the marketing of Hoffmann
Green cements in the states concerned. In addition, the American
partner has the possibility of sub-licensing Hoffmann units in
these new territories, which represents an additional growth lever
for Hoffmann Green. Discussions are currently underway between the
American partner and potential sub-licensees.
The extension of the initial agreement reflects a legislative
context favorable to the energy transition in the United States,
with policies such as the Inflation Reduction Act, which aims to
reduce greenhouse gas emissions by 50% by 2030 compared with 2005
levels. These measures enable both partners to target new
territories and thus strengthen the promotion of sustainable
construction, supporting the decarbonization of the dynamic
construction sector in the United States.
ABOUT HOFFMANN GREEN CEMENT TECHNOLOGIES
Founded in 2014 and based in Bournezeau (Vendée, Western
France), Hoffmann Green Cement Technologies designs, produces and
distributes innovative extremely low-carbon cements – with a carbon
footprint 5 times lower than traditional cement – that present, at
equivalent dosage and with no alteration to the concrete
manufacturing process, superior performances than traditional
cement.
Hoffmann Green operates two production units powered by a solar
tracker park on the Bournezeau site: a 4.0 factory and H2, the
world's first vertical cement plant inaugurated in May 2023. A
third factory will be established at the Grand Port of Dunkirk in
2025, bringing the total production capacity to 550,000 tons per
year, representing 3% of the French market. The group has
industrialized a genuine technological breakthrough based on
modifying cement composition and creating a cold manufacturing
process, with 0% clinker and low energy consumption, making it a
leading and unique player in the cement market that has not evolved
for 200 years.
In a context of climate urgency and energy price inflation,
Hoffmann Green Cement actively participates in energy transition by
producing clean cement that consumes 10 to 15 times less energy
than Portland cement. It also promotes eco-responsible construction
and encourages circular economy and natural resource preservation.
With its unparalleled and constantly evolving technological
expertise, driven by high-performing teams, Hoffmann Green Cement
Technologies serves all markets in the construction sector, both in
France and internationally.
Hoffmann Green was selected among the 2022 promotion of the top
20 French green startups as part of the French Tech Green20
program, led by the French Tech Mission in partnership with the
Ministry of Ecological Transition. In June 2023, the company was
selected for French Tech 2030, a new ambitious support program
operated by the French Tech Mission alongside the General
Secretariat for Investment (SGPI) and Bpifrance.
The company continues its international development with
contract signings in the United Kingdom, Belgium, Switzerland,
Saudi Arabia and recently in the United States. For further
information, please go to : www.ciments-hoffmann.fr/
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Hoffmann Green
- Jérôme Caron
- Chief Financial Officer
- finances@ciments-hoffmann.fr
- 02 51 460 600
NewCap Investors Relations
- Thomas Grojean
- Alban Dufumier
- ciments-hoffmann@newcap.eu
- 01 44 71 94 94
NewCap Financial Media Relations
- Nicolas Merigeau
- ciments-hoffmann@newcap.eu
- 01 44 71 94 98
Hoffmann Green Cement Technologies | Telephone : +33 2 51 460
600 | Email : fınances@ciments-hoffmann.fr
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