# LeMond Composites signs $44M licensing deal with Deakin University

LeMond Composites inked an exclusive 20-year licensing agreement with Deakin University to commercialize carbon fiber technology, valued at $44 million.

- Type: Contract
- Announced: 2017-06-01
- Where: Oak Ridge, Tennessee, United States
- Value: $44.0M
- Status: completed
- Products: carbon fiber
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [LeMond Composites](https://endata.com/companies/25117.md)
- [Deakin University](https://endata.com/companies/25118.md) (partner)

## Sources

- [medium.com](https://medium.com/@StartupSoutherner/oak-ridge-tenn-based-lemond-composites-inks-game-changing-deal-with-australias-deakin-university-88c95e8924fb), 2017-07-31: "The ability to scale production, along with our low-cost carbon fiber, is what will allow LeMond Composites to deliver this material to the masses."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.