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Environmental Recycling Technologies Plc Awards License to Falanx Protection Limited

Thursday, 9 May 2013 02:00am EDT 

Environmental Recycling Technologies Plc announced that it has granted a license to Falanx Protection Limited ("Falanx"). The license allows for the manufacture and sale of products made using the PIM process for anti-ballistic and anti-blast uses within the Middle East and North Africa ("MENA"). Under the terms of the agreement, Falanx will pay ERT a license fee of USD 100,000 in addition to annual royalties based on sales of products made using the PIM process. 

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