TCPS Patents worth over $50mil!!! With 100mil AS
Post# of 72709
TCPS Patents worth over $50mil!!!
With 100mil AS & 80 Mil OS do the math.....
The Company still owns a Patent.
Estimated Expiration Date: January 20, 2026.
http://www.patentstorm.us/patents/7236112/description.html
Terocelo, Inc. previously announced it had entered into a Memorandum of Understanding for the creation of a strategic alliance based on its Lycon(tm) chip and proprietary True Software Radio(r) (TSR) with a multibillion dollar Asian Technology fund. This transaction has not yet closed, but critical hurdles have been cleared and the Company is to meet with the fund's executives next week in what is believed to be a final step toward consummation of the definitive agreement. The definitive agreement will then be submitted for Board of Director and shareholder approval.
Under the terms of the agreement, the fund will pay thirty million dollars ($30,000,000) and continuing royalties to Terocelo in exchange for certain exclusive license rights to the Company's TSR technology. In addition, the fund will provide twenty million dollars ($20,000,000) to establish and fund an independent corporate entity, in which Terocelo will have an equity interest, to initiate Asian operations to develop applications and promote the sales of products containing the TSR technology. These funds will cover on-going costs for foundry services, design center operations, application staging, as well as marketing and sales efforts.
http://www.globenewswire.com/news-release/200...pdate.html
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