Royalty Report: Scientific & Technical Instruments, Telecommunications Equip, Magnetic – Collection: 1349

License Grant

The Licensor, owners of 4.6% of the outstanding shares of Licensee’s common stock, entered into an Agreement to License its rubidium oscillator production technology to the Licensee.

The Agreement requires the Licensor to sell certain production equipment currently owned by the Licensor and to provide training to Licensee employees to enable the Licensee to produce a minimum of 5,000 rubidium oscillators per year.

The United States Department of State has approved the technology transfer which is expected to be completed within a year from the date of the Agreement.

License Property

Rubidium oscillators are the lowest priced members of the atomic oscillator family. Rubidium oscillators continue to get smaller and less expensive, and offer perhaps the best price-to performance ratio.

An electronic oscillator is an electronic circuit that produces a repetitive, oscillating electronic signal. Oscillators convert direct current from a power supply to an alternating current signal. They are widely used in many electronic devices.

Field of Use

A rubidium standard or rubidium atomic clock is the most inexpensive, compact, and widely used type of atomic clock, used to control the frequency of television stations, cell phone base stations, in test equipment, and global navigation satellite systems like GPS.

The Licensor has an investment in the Licensee which manufactures high precision quartz resonators and crystal oscillators.

License Grant

The English Licensor, a University technology transfer company located in England, grants to the Licensee a licence in the Territory in respect of the Licensed Technology to develop, make, have made, use and have used and Market the Licensed Product in the Field on and subject to the terms and conditions of this agreement.  The Licence is exclusive in the Field in relation to the Licensed Intellectual Property Rights. The Licence is non-exclusive in relation to the Licensed Know-How.  Licensor retains unrestricted rights to use and license others to use the Licensed Know-How, and to use and license the Licensed Technology outside the Field.

License Property

Licensed Technology means the Licensed Intellectual Property Rights and the Licensed Know-How, and such (if any) other Intellectual Property Rights owned by or licensed to Isis which does not include any Licensee IP as may be specifically identified (to the extent, in the case of licensed rights, that Licensor is legally able to grant a sub-licence of the same).

The Licensed Technology is connected with Licensor Project Number 3162 – NanoClock.  European Patent number 2,171,546 granted on the 20th June 2012 titled “Nano Clock” and US Patent number 8,217,724 granted on the 10 July 2012 titled “Atomic Clock”.

Licensed Product means any product, process, service or composition which is entirely or partially produced by means of or with the use of, or within the scope of, the Licensed Technology, or any of it.

Intellectual Property Rights means patents, trade marks, copyrights, database rights, rights in designs, and all or any other intellectual or industrial property rights, whether or not registered or capable of registration.

Field of Use

Field means all fields relating to nano and atomic clocks applying to the magnetic field.

Conventional atomic clocks are used in GPS satellites to precisely measure distance.

License Grant

The terms allow for Licensor to license the patent to all markets and all locations.

License Property

A patent for a Miniature Atomic Clock (“MAC”) device.   US Patent 82217724.

An atomic clock is a clock device that uses an electron transition frequency in the microwave, optical, or ultraviolet region[2] of the electromagnetic spectrum of atoms as a frequency standard for its timekeeping element. Atomic clocks are the most accurate time and frequency standards known, and are used as primary standards for international time distribution services, to control the wave frequency of television broadcasts, and in global navigation satellite systems such as GPS.

Field of Use

This agreement pertains to the electronic industry relating to the Atomic Clock device.Licensor develops nanotechnology based miniature atomic clock chips. Its products are integrated into microprocessors and sensors (IoT chipsets) to produce global resource locator chips to track physical assets indoors and outdoors.

License Grant

Under this agreement the Company will acquire an exclusive license under the licensor's patent rights for U.S. patent number 4,803,719, pertaining to telephone line powered applications, for the primary purpose of utilizing the licensor's invention through sales of products and services.

License Property

U.S. patent number 4,803,719 – Method for powering telephone apparatus and telephone apparatus powered directly from the telephone line without external power

Field of Use

This agreement pertains to the communication industry.