HeiQ signs US$30m agreement with ICP

19th March 2021

HeiQ has signed an Exclusive Licence and Chemicals Supply Agreement with ICP Industrial Inc, a division of ICP Group thin film coatings applied to packaging used by the FMCG, pharmaceuticals and medical sectors. The two companies have signed a five year contract (US$8m in the first two years, at which point the contract is subject to renewal) which is expected to deliver US$30m of royalty revenue to HeiQ in exchange for exclusive worldwide rights to apply HeiQ Viroblock to coatings for printing processes such as commercial print, food, beverage and pharma packaging.

Below is an interview with HeiQ’s founders, filmed at its IPO in December 2020

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