Hört sich doch schonmal seehhrr gut an! ;-)
Revolutionary Concepts Inc., has signed an Agreement with a company that acquired an exclusive global license from REVO to commercialize REVO’s patented wireless security alarm services system. The Licensee is a company that buys and markets security systems and other technologies, and has signed a multi-year worldwide licensing agreement for them to commercialize REVO’s patented “EyeTalk Communicator System”.
The terms of the Agreement include among other things; an exclusive worldwide license of REVO’s patented technologies, associated intellectual property rights, future improvements to the technologies and the right of the Licensee to sublicense the patents to other companies. REVO will also receive an up-front sign-up fee or pre-commercialization fee of $900,000 in consideration. REVO would receive ongoing royalties and licensing fees throughout the duration of the agreement, subject to actual income generated from the exploitation of the patents and sublicenses. The Licensee plans to commercialize and exploit the patents in the marketplace to achieve the maximum financial benefit for both companies. |
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