PCT Ltd (PCTL)

[skitahoe]

Who do you think the investor of the hybrid drive system was? Most people would almost certainly answer Toyota. It wasn't, Toyota purchased it from General Motors. At the time, GM thought it to expensive to justify vs. the cost of gasoline. Now GM and any other car builded utilizing the hybrid system as designed by GM pays Toyota for the rights.

I believe much the same can be said for the developer of our HOCL producing system. They sold the rights to it, all patent rights, then they realized that they undervalued what they sold it for. They defied the sale by continuing to sell a product that they sold the rights to, and I believe it's clear that the courts will find what they've done to be illegal.

I suspect the courts may say, they can pay PCTL for the rights to use patents they developed, but just as GM must pay Toyota is they build a hybrid car or truck, they must pay PCTL for the rights to use their patents in competing, if that wasn't covered in the original contract. If competing was covered, and they weren't permitted to compete regardless, they may owe PCTL all the ill gotten gains. I'm not an attorney, this is purely my opinion, but it's based on my understanding of the hybrid issue.

Many years before the hybrid, Ford had a hardtop convertible. I believe it was 1959. As I understand it, today their are many companies that build hardtop convertibles, and they all pay Ford for the rights of doing so. It's funny how ideas sometimes are ignored for substantial periods of times, then resurface like they're new technology. HOCL has been around for many years, but suddenly people are recognizing just how good it is.

Gary