Visualant Incorporated announced that its Joint Development Agreement with Sumitomo Precision Products Co., Ltd. has been extended for nine months from March 31, 2013 to December 31, 2013. Originally entered into on May 31, 2012, the Joint Development Agreement between Visualant and Sumitomo Precision Products sets forth the terms and conditions for the collaboration between the two companies for the extending the development of the Visualant ChromaID technology and the movement of that technology into the global marketplace.