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Re: gew59 post# 5219

Thursday, 08/20/2020 1:40:15 PM

Thursday, August 20, 2020 1:40:15 PM

Post# of 7510
Yes....but:

Although the Company has not derived any revenue from the licensing of the Company’s technology for consumer console and PC interactive computer games, from time to time the Company has engaged in discussions with larger commercial partners. The Company has also performed R&D under contract for larger companies with the end goal of leading to commercial product development, but none of these efforts has led to commercial product deployments. Although the Company continues to make efforts in this area, there can be no assurances that the company will be able to find partners for its products. In addition, pursuant to the patent sale and licensing arrangement described below, there are certain extensive restrictions on the ability of the company to engage commercial partners on a go forward basis. The Company retained the right to enter into manufacturing arrangements to produce for others, or have manufacturer’s produce on behalf of Novint, the company’s existing Falcon products based on their current or developed designs only as well as the unreleased next generation designs of the company’s Xio products.



https://www.sec.gov/Archives/edgar/data/1282980/000138713120000419/nvnt-1012g_012220.htm