---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-139518"
form_type: "8-K"
ticker: "DRTTF"
cik: "0001340476"
company_name: "DIRTT ENVIRONMENTAL SOLUTIONS LTD"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:33:59.743305+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# DIRTT enters co-ownership of ICE software IP with Armstrong World Industries for $11M

## Summary
- Partial assignment of 50% interest in ICE software IP to AWI for $10M cash upfront; additional $1M upon knowledge transfer expected early 2024.
- Amended Master Services Agreement includes prepaid development services; terminates if co-ownership ends.
- Partnership expected to provide resources and investment for ICE software and new commercial opportunities.
- AWI, a leader in ceiling solutions, will use ICE for its ProjectWorks service.

## SEC filing metadata
- accession: 0001193125-23-139518
- form_type: 8-K
- ticker: DRTTF
- cik: 0001340476
- company_name: DIRTT ENVIRONMENTAL SOLUTIONS LTD
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1340476/000119312523139518/0001193125-23-139518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1340476/000119312523139518/d459211d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-139518
- JSON: https://secwatch.observer/filing/0001193125-23-139518.json
- Plain text: https://secwatch.observer/filing/0001193125-23-139518.txt

## Key facts
- Earnings Releases
  DIRTT ENVIRONMENTAL SOLUTIONS LTD reported financial results for the three month period ended March 31, 2023.
  - Period: the three month period ended March 31, 2023
  - Result: reported results
  source text: On May 9, 2023, the Company issued a press release announcing its financial results for the three month period ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1340476/000119312523139518/0001193125-23-139518-index.htm
- Material Agreements
  DIRTT ENVIRONMENTAL SOLUTIONS LTD entered into Partial Patent Assignment Agreement with Armstrong World Industries, Inc. valued at $10 million (effective 2023-05-09).
  - Action: entry
  - Counterparty: Armstrong World Industries, Inc.
  - Value: $10 million
  - Effective: 2023-05-09
  source text: On May 9, 2023, DIRTT Environmental Solutions Ltd. (the “Company”) entered into a Partial Patent Assignment Agreement (“Partial Patent Assignment Agreement”) and a Co-Ownership Agreement (“Co-Ownership Agreement”) with Armstrong World Industries, Inc. (“AWI”). The agreements provide for the partial assignment to AWI and co-ownership of an undivided 50% interest in certain intellectual property rights (including related patents) in a portion of the Company’s ICE software that is used by AWI (the “Applicable ICE Code”), in exchange for a cash payment of $10 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1340476/000119312523139518/0001193125-23-139518-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.