# Cooper Standard expands Fortrex material licensing agreement with Nike

Cooper Standard announced an expanded technology licensing agreement with Nike, granting Nike limited exclusivity to use Cooper Standard's Fortrex elastomeric material for footwear and additional product lines.

- Type: Partnership
- Announced: 2024-01-30
- Where: United States
- Status: completed
- Products: Fortrex elastomeric material
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Cooper Standard](https://endata.com/companies/1751.md)
- [Nike](https://endata.com/companies/21205.md) (partner)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/cooper-standard-announces-partnership-and-newly-expanded-technology-licensing), 2024-01-30: "We're proud to announce our expanded agreement with NIKE for the licensing of our Fortrex material"

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