Hoffmann Green Extends Its Licensing Agreement in the United States, Resulting in an Additional Entrance Fee of €8 Million
15 January 2025 - 4:15AM
Business Wire
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20250114293927/en/
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
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