Royalty Report: Electrical & Electronics, Energy Resources & Svcs, Battery – Collection: 29314

License Grant

On July 5, 2001, the Company purchased a License related to certain power cell technology.  The agreement allows the Company to use certain technology with respect to a power cell technology used for internal and external electrical applications.

License Grant

Canadian Licensor hereby grants to Licensee a nonexclusive, nontransferable, worldwide license to manufacture, use and sell the Licensor as now or hereafter incorporated into Licensee Products

License Property

Licensor has developed and owns certain proprietary technology with respect to the techniques and know-how related to power cells. The technology relates to certain electrical generator technology.  A patent application for the Technology has been filed with the Canadian Intellectual Property Office (Application Number 2,357,766).

Field of Use

The rights granted apply to technology that relates to certain electrical generator technology.

License Grant

The Licensor entered into a License Agreement with the Licensee, a private company based in Kelowna, Canada, granting the Licensee the exclusive rights to manufacture, market, distribute and sell in Canada all electrical power generation products derived from our 2001 patent pending.

License Property

The technology includes patents pending related to electrical power generation.

“Patent Pending”) means the patent application number 2,357,766 filed with the Canada Intellectual Property Office by John Salamon on September 4, 2001 and entitled “Electric Motor Generator (Box) Device for Electric Power” for protection of the design of the Products.

2,357,766 An electric motor generator (Box) device for internal and external electrical applications.
The device is expected to be able to provide electrical power needs of homes, offices, etc., on a small scale. The source of electric energy comes from the motor generator that is expected to re-charge itself, the (Box) device.

Field of Use

That's what makes this device unique.  The device contains internal components including batteries, electrical storage, and an electrical inverter control power system.  The device is 110 volts, plus 12 volt outlet. If the device depletes totally of electric power for any reason, the device can be charged 110 voltage or 12 volt plug in car ect. to re-start the device. There are unlimited applications for this device in Canada and in all regions of the world.

License Grant

The Agreement between the Licensor and the Licensee provides that the Licensor agrees to sell to the Licensee all of the rights Licensor acquired and herein after acquires by Agreements relating to the manufacture and sale of certain vehicles to be powered electrically including the Hero Group of Companies in the country of India and all rights pertaining to the proposed joint venture for the lithium production plant and assembly plant.

License Property

The Licensor, the parent company of the Licensee, is involved in the research and development of various battery powered electric vehicles.

Field of Use

The Licensee owns the rights to the use of technologies being developed to produce electronic propulsion and battery power systems for electric powered vehicles.

License Grant

The Company entered into an agreement with the Licensor granting the Company an exclusive license to commercialize its patented Internal Short Circuit technology.

License Property

The patented Internal Short Circuit (ISC) device, which causes predictable battery cell failures in lithium-ion batteries, making them easier to study and, therefore, safer. Lithium-ion batteries are the industry and consumer standard for portable power; billions of individual battery cells exist and billions more are planned for production. They provide power for everything from smart phones and laptops to electric cars and space crafts. But lithium-ion batteries fail, sometimes with catastrophic results. Due to the relative rarity of cell failures, scientists and researchers had been unable to reliably or accurately replicate latent defect cell failures in lab settings, impeding research into safer battery technology. In 2015, researchers developed and patented a device – the Internal Short Circuit – that creates these cell failures in predictable conditions.

Field of Use

This agreement pertains to the electronics industry relating to batteries.  The Company will market both ISC devices to battery cell manufacturers and ISC embedded battery cells to OEM manufacturers.