sollte Oti die Patentrechte für nur 7 Mio. an Samsung veräußert haben, waren sie blöd ohne Ende! oti signs $7 million core technology license agreement
-Agreement Provides New Revenue Model by Leveraging Portfolio of Proprietary Assets-
Iselin, NJ, November 30, 2011 - On Track Innovations Ltd. (“OTI”) (NASDAQ GM: OTIV) today announced its first non-exclusive license for core technologies within its proprietary portfolio of IP and patents amounting $7 million USD with a multibillion dollar corporation. OTI anticipates that the revenues from this agreement will be recorded in Q4 2011. Oded Bashan, OTI’s Chairman and CEO , commented, “This agreement reflects the benefits of our expanded efforts to further leverage our proprietary technology and other intellectual property through licensing and partnership opportunities, and underscores the high value of our technology and solutions to third parties as demonstrated in this agreement, which covers a portion of our technology footprint and is focused on one particular vertical market.”OTI’s technology, patent and IP portfolio includes, among others , product applications, software platforms, system and product architecture and product concepts in the fields of contactless payments and Near Field Communications (NFC); ID; Petroleum; Parking solutions; and much more. |