Thursday, November 16, 2017 1:17:58 PM
I don't believe that is what is happening with this agreement. So maybe the "market" is wrong in its understanding.
There is still some development work to be done on the fuel rods and the casements required to install them. Certainly there will be minor changes and improvements to be made. This document acknowledges the valuable contribution yet to be made by the manufacturer. There is no substitute for actually building and testing the real product. Lightbridge can't do that alone.
The intellectual property is in the form of an international patent portfolio. You don't give something like that away via a document like this. Patents can be licensed to be manufactured or assigned to a new owner or co-owner, etc. But to my understanding patents are not something you can just give away.
IMO this is a technology sharing arrangement, but not a transfer of ownership. However, there may be new patents forthcoming from this arrangement. And if that happens the patents will likely be co-owned and based on the Lightbridge patents. As they should.
For all we know Areva may be working with other design groups who are trying to bring their competing design to market. There really needs to be some kind of agreement in place to protect all parties. To include parties we may not know about.
Patents alone don't do much except give you something to fight for in court. To mount a patent infringement case you have to demonstrate a financial loss. Otherwise there is nothing to be gained. That means you have to have a product to sell that has suffered a loss of sales. So we need to get this product to market. If this agreement helps I am all for it.
Concerning the patents and intellectual property issue, I would be far more worried of getting ripped off by China or Russia, who are historically both major violators of international intellectual property laws.
So, whatever happens next will most likely be expected but will be a surprise when it happens. I think we all know the strategy and plan going forward. But if someone doesn't know then they haven't done sufficient DD.
This is all just my opinion... Good Luck for All Longs.
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