Business Results
Because of the nature of the technology, it is difficult to concretely gauge its commercial success. Although there is no clear way to determine how much rubber was sold as a result of using the technology, as of early 2011, through licensing agreements it was commercialized with four of Thailand’s largest rubber producers which have over 50% market share. The technology has also clearly improved the financial health of the licensees, as they are able to increase their production output without any additional equipment or costs. Implementing this technology gives the Thai rubber industry an important boost, and potential commercialization abroad will strengthen the international presence of NSTDA while bringing in revenue through licensing, which can be used to develop further innovations.