Sunday, July 09, 2006 10:51:22 AM
From the recent 10KSB:
Recreational Vehicles Systems (RVS)
Advanced Technologies signed a licensing agreement with Recreational
Vehicle Systems (RVS), a Nevada Corporation. Under terms of the agreement
Adv-Tech will provide technical know-how and development support to RVS to
develop an Infrared Imaging System for the license field of Recreational
Vehicles. In consideration for our technical support and certain licensed
technical property rights ATI will receive a royalty on each unit sold. No
sales are projected before late 2006 or early 2007. The terms of the
agreement specify $300.00 per system sold for a period of ten years
initiated by the first sale. This agreement is non-exclusive with RVS.
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