With this new contract $LEAS will be receiving software and hardware IP that it will be able to license out to its clients thereby creating a residual value. It also gives them a product that they can sell directly to consumers or through online e-commerce sites like Amazon via licensing or manufacturing agreements with OEMs. The assets under development will include source code, electronic design files, 3D computer-aided design and manufacturing files. They will have applicability not just to the specific launch product which is as yet undisclosed due to the ongoing patent process, but will also be applicable to many IOT products giving the IP's ongoing value to license to other companies looking to enter the IOT marketplace.
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