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January 29, 2013
09:03 EDTCBTCabot reaches milestone in agreement with Michelin
Cabot 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. Since 2008, Cabot has been working with Michelin to develop the technology and manufacturing operations necessary to commercialize the technology in global tire markets.
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