JonDeTech Sensors AB (publ) and Varioprint AG announced that they have signed a so-called term sheet, meaning that negotiations regarding a long-term collaboration regarding the development, production and distribution of JonDeTech's sensor elements will begin. The goal is to have reached a consensus by 30 June 2021 on issues concerning, among other things, forms of cooperation, financing, organization, volume targets and production units related to target markets. JonDeTech and Varioprint have been in close contact for the past two years with the explicit goal of developing, producing, and selling JonDeTech's unique IR sensor. To achieve an optimal outcome in all processes, the parties have decided that in-depth cooperation with, among other things, the transfer of knowledge and equipment as well as staff training is both necessary and crucial. In the term sheet that has now been signed, the parties agree to initiate discussions immediately and that the agreement runs until a contract is in place.