ZELE, Belgium, Sept. 20, 2018 (Press Release) -The Procter & Gamble Company (“P&G”) and Drylock Technologies NV (“Drylock”) have entered into a global cross-license agreement to expand their intellectual property rights into the so called “Channel” and ‘Channel’ with associated wetness indicator strips technology. The “Channel” technology is used to enhance performance of absorbent hygiene products such as baby care taped diapers and pants as well as adult incontinence diapers and pants. Drylock and P&G each offer their own kind of channel technology: Drylock is offering and selling this patent protected innovation under the brand name “Magical Tubes” while P&G commercializes its patent protected innovation under the brand name “Air Channels”. The terms and conditions of this cross-license agreement in between P&G and Drylock are confidential.
About Drylock Technologies: Drylock Technologies plans consolidated revenues for 2018 of more than €450 million. Drylock employs over 2100 people and has its headquarters in Zele Belgium and production sites in Czech Republic, Italy, Spain, Russia, USA and Brazil. Drylock is specialized in the supply of private label in baby diaper, feminine care and adult incontinence to retailers and distributors. Drylock’s baby brand is Magics, femcare brand are Vivi and Ciao Lady, and adult brands are Dailee and Presto.