Description
This collection of transactions and supporting information was developed using our AI algorithm to curate similar royalty reports into a cohesive collection to support your licensing, transfer pricing or other transaction scenarios where documented royalty rates and/or deal terms are important.
Category: Technology Licenses
Created On: 2022-04-28
Record Count: 4
Primary Industries
- Transportation
- Packaging & Containers
- Unspecified
- Shipbuilding & Water Transportation
- Machinery
- Tool
- Railroads
IPSCIO Report Record List
Below you will find the records curated into this collection. This summary includes the complete licensed property description so that you can review and determine if this collection covers the topics, technology or transaction type that is relevant for your needs. The full report will include all relevant deal data such as the royalty base, agreement date, term description, royalty rates and other deal terms. For reference, here is a sample of a full IPSCIO curated royalty rate report: Sample Report
IPSCIO Record ID: 26798
License Grant
The University grants to the Licensee an exclusive license to make, use, and sell Licensed Products and to practice Licensed Methods under the Patent Rights, with the right to sublicense others.
License Property
Patent Rights means the University's rights arising from the following U.S. Patent No. 5,355,824, issued on October, 18, 1994, Seal Device for Ferromagnetic Containers.
Technology, means technical information, know-how and data owned or controlled by the University and relating to seal devices for ferromagnetic containers. Technology related to the development, marketing and sales rights to certain specified magnetic and/or magnet technology. The magnets are used to attach leak-sealing devices to ferrous surfaces.
The devices are made in several configurations. One series is engineered for maritime applications and is known in its various configurations as SeaPatch. The series engineered for land-based applications is known in its various configurations as ProMag. Designed for application on ferrous hulls of ships, railroad tank cars, storage tanks, pipelines or other containers. Powered by high technology composite permanent magnets, SeaPatch and ProMag operate in similar ways, with some structural differences reflecting either marine or dry land applications. Using a unique cam-on/cam-off device, these powerful yet easy to apply leak sealing systems have a broad range of applications in both disaster situations and environmental hazmat protection.
Field of Use
The rights granted apply to magnetic technology.
IPSCIO Record ID: 1444
License Grant
The Licensee is obligated under a license agreement with the University & Government Organization related to the development, marketing and sales rights to certain specified magnetic and/or magnet technology. During the year ended December 31, 2002, the Licensee determined the license was no longer cost beneficial and stopped paying its royalty and annual maintenance fees causing the license to expire.
License Property
The technology is based on a patented magnetic means of implementing emergency ship, storage container, pipeline and other repairs where surface integrity has been breached as in the case of a rip or tear to a ship's hull or a ruptured railroad tank car. The technology utilizes the rare-earth magnetic pack and cam-on/cam-off technology to attach a compression patch to tears, stress fractures and punctures in a ship's hull above or below the waterline, or any of many various applications for the stopping of land-based leaks, as occur in pipelines, storage tanks, tank cars and numerous other ferrous-based containers of liquids or gases.
Field of Use
The field of use relates to the magnetic industry. The Licensee manufactures a series of products based upon permanent magnets, which use patented technology employing rare earths and sophisticated circuitry. The magnets are used to attach leak-sealing devices to ferrous surfaces.
IPSCIO Record ID: 27070
License Grant
The University grants to the Licensee an exclusive license to make, use, and sell Licensed Products and to practice Licensed Methods under the Patent Rights, with the right to sublicense others in all fields-of-use and in all markets.
License Property
Certain Technology relating to a magnetic Gripper device for climbing vertical ferromagnetic surfaces has been developed in the course of the University’s research and development at LANL.
The Gripper is a product worn on hands and feet to enable the user to climb or traverse any steel surface. It is a lightweight magnetic device (each Gripper weighs only 1.5 pounds) that attaches to any ferromagnetic material, such as iron, steel, or their alloys. It fastens smoothly to a surface and can be attached or detached with only one hand or foot. Using a set of four Grippers on the hands and feet the user can climb a vertical surface, releasing and repositioning the Grippers as he ascends. Wearing Grippers, a person can move up, down, or sideways.
'Patent Rights' means the University’s rights arising from U.S. Patent Application Serial Number 07/870,965, filed April 20, 1992, Magnetic Gripper Device, now U.S. Patent 5,192,155, issued March 9, 1993, including any continuing-applications thereof including divisions and reissues (but not including continuations-in-part); any patents issuing on the applications or continuing applications; and any corresponding foreign patents or patent applications.
IPSCIO Record ID: 4393
License Grant
The Canadian Licensee entered into an Agreement with an Individual Licensor, whereby the Licensor acquired Manhole Cover Patent No.US 7,104,722 B2 and related technology and intellectual property.
Field of Use
The Manhole cover technology is designed to be installed on existing rail tank cars and other storage and transport devices as a retrofit as well as for installation on newly-built rail tank cars and other storage and transport devices.
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