Air Products and Chemicals has donated a major technology portfolio to the University of Pittsburgh.
LEHIGH VALLEY, Pa. — Air Products and Chemicals, Inc., has donated a major technology portfolio to the University of Pittsburgh consisting of more than 50 patents involving process technologies to manufacture N-vinylformamide (NVF) and products derived from NVF. NVF is a unique low-toxicity monomer for environmentally benign applications in regulatory-compliant products.
Valuation of the technology portfolio depends on many factors, including the timing of introduction into various end-market segments and the market share captured. The University has assembled a team to develop a commercialization approach for the portfolio, which will most likely involve partnerships with multiple international companies. If, as is expected, the NVF portfolio can be introduced commercially and is well received, the University has estimated that the portfolio has the potential to generate significant revenues during the first decade of commercialization.