JKH PLC signs the first ever Technology Transfer Agreement with 4Ever Skin Naturals
JohnKeells Research (JKR), the Research & Development and Innovation arm of John Keells Holdings PLC (JKH) signed an agreement with 4Ever Skin Naturals (Pvt) Ltd on 15thMarch 2022 and entered into its first-ever technology licensing agreement.
Krishan BalendraChairman John Keells Group and Chandani Bandara, Founder and Chairperson of 4ever Skin Naturals (Pvt) Ltd. signed on behalf of the respective companies.
JKR operates with the mandate of creating commercially viable intellectual property for not only John Keells Group but alsofor Sri Lanka, andDr.Muditha Senarath-Yapa Head of JKR together with a team of multidisciplinary scientists work on the four areas of composites, energy storage, biomaterials, and mechatronics.
4Ever Skin Naturals (Pvt) Ltd is one of Sri Lanka’s leading herbal-based cosmetic manufacturing companies, which specializes in products ranging from personal care, healthcare, and safe carethat are trustedby both local and international markets.
Krishan Balendra, Chairman John Keells Group, speaking at the occasion said“Innovation is one of the Group’s core values, through which we seek to add value to our offering of products and services across all our businesses. We believe that the benefits of Nanotechnology will surpass its current applications and the technology transfer today will pave way for more innovative and sustainable products in the market.”
JKR’s proprietary SilmeticTM technology will be exclusively utilized by 4Ever to develop a range of skin care products with enhanced properties. SilmeticTM is a cosmeceutical and cosmetic additive containing silver nanoparticles developed and trademarked by JKR. The licensed cosmetic product line will be launched under 4Ever’s sub brand, DermaPRO.
Ms. Chandani Bandara, the Founder and Chairperson of 4ever Skin Naturals (Pvt) Ltd. said“Nano silver is different from other nanoparticles, and it has been known for decades for its use in various applications including consumer products. It’s a pleasure to partner with John Keellsto develop unique nano silver products at our ultra-modern production plant under optimum hygienic conditions, according to ISO 9001: 2015, cosmetic GMP 22716: 2007, HACCP and Sri Lankan Ayurvedic standards at the BOI Industrial Zone in Pallekele, Kandy”.
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