CPS - Cooper Standard Announces Partnership and Newly Expanded Technology Licensing Agreement with NIKE Inc. | Benzinga
NORTHVILLE, Mich., Jan. 30, 2024 /PRNewswire/ -- Cooper Standard (NYSE:CPS) today formally announces its partnership with NIKE, Inc., including a new expansion of its technology licensing agreement. Based on the initial long-term agreement reached in 2021 to license Cooper Standard's Fortrex™ material platform for footwear applications, the new agreement provides NIKE with limited exclusivity to use the Fortrex material for footwear and allows them to develop new applications for use in additional product lines.