Royalty Report: Energy & Environment, Energy Resources & Svcs – Collection: 6672

License Grant

During 2005, the Company acquired certain proprietary information that provides the basis for the effective implementation and operation of the Geo-Utility business concept. During 2005, and modified in April 2006, to reduce the cost to exercise the option, the Company obtained the exclusive rights to acquire, from a director of the Company and his partner, who is the father of the Company's Chief Executive Officer, a new technology within the geothermal heating and cooling and any other HVAC related application. The Company has a period of 12 months from the signing of the Agreement to determine whether it will exercise the option.

License Grant

Canadian Inventors hereby grant exclusive manufacturing and distribution and applications rights to Licensee to the use of the Technology throughout the Territory.

License Property

Inventors intend to file Patent Application with the United States Patent and Trademark Office in regard to a certain unique Heating Technologies (herein the Technology).
I) A potential method of creating hot water or steam, or other heated mediums with application by Essential Innovations directly relating initially to the fields of HVAC and Hydronics. The technology specifically relates to a method of heating fluid mediums. The device(s) use a unique mechanical configuration to move fluids using boundary layer principles, induced pressure pulse, fluid shear, and controlled cavitational effects for rapid heating of the fluid medium within the device.
II) A method of creating steam, heat and/or power with, an immersion heating application and more specifically it relates to a new method of heating liquids using an electro-acoustic immersion heater concept for a rapid and highly efficient heating of water and/or the production of steam using an energy movement within the device that appears to be sonic or acoustic in nature.

Heating Technology means process and technology as described above, the technology specifically relates to methods of heating fluid mediums. The device(s) use either a unique mechanical configuration to move fluids using boundary layer principles, induced pressure pulse, fluid shear, and controlled cavitational effects for rapid heating of the fluid medium within the device, or an immersion heating application; more specifically a new method of heating liquids using an electro- acoustic immersion heater concept for a rapid and highly efficient heating of water and/or the production of steam using an energy movement within the device that appears to be sonic or acoustic in nature; each for which it is the intention of the Inventors to file a Patent Application in the United States Patent and Trademark Office.

Field of Use

The exclusive rights granted apply for the use within the target field of HVAC and Hydronics.

The Licensee's primary business objective is focused towards research and development, commercialization and market entry strategies for the intellectual property that they have acquired in regards to multiple green and environmental technology applications such as fluid heating, electricity generation and water treatment/purification.

License Grant

The Company have an exclusive brand name agreement with a party for the manufacture and distribution of a water source heat pump.

License Property

The Energy Miser is a patented geothermal heat pump system utilizing the municipal water main or any other underground piping loop to heat, cool and provide domestic hot water for buildings.

The heat pump is specifically designed to utilize municipal water systems as a heat source/sink.

Field of Use

The Licensee manufactures the units, labels them with the DeMarco Energy Miser name and sells them through their existing dealer/distributor network.