Cabot Wins Royalties from Licensing Deal with Michelin
Cabot Corporation (NYSE: CBT) announces that it has reached another key milestone in its technology licensing agreement with Manufacture Francaise des Pneumatiques Michelin for use of Cabot's patented elastomer composite technology in tire applications. Regular royalty payments to Cabot have now begun and will extend through fiscal 2022.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.