Agreement for Early Assignment of Nanocube Technology
Perth, May 20, 2016 AEST (ABN Newswire) - ASX listed Strategic Elements Ltd (
ASX:SOR) is pleased to announce an agreement has been reached with the University of New South Wales for early assignment for 100% ownership of the Nanocube Memory technology.
The parties will continue the existing research and development collaboration and the Company will seek to expand this in the near future.
The existing licence agreement for the technology will fall away and full ownership will be passed over.
The strong working relationship between the Company and UNSW has enabled the early assignment, which will significantly aid the Company to form global partnerships with other companies in the Printed Electronics sector and other corporate activities.
All Intellectual Property including patents will be included in the assignment.
The University of New South Wales (and in particular the School of Materials Science and Engineering) is proving to be a strong technology and development partner and the Company is looking forward to working together on the Nanocube Memory technology and other technologies that are relevant to its investment focus.
About Strategic Elements Ltd
Strategic Elements (ASX:SOR) shares are listed on the Australian Stock Exchange under the code “SOR”. The Company is registered under the Pooled Development Program run by the Australian Federal Government to encourage investment into SME’s. To assist Pooled Development Fund’s to invest and raise capital, the Federal Government enables most shareholders in a Pooled Development Fund to make capital gains and receive dividends tax-free.
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