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Union Dental Holdings, Inc.

Sep 11, 2020, 09:56 ET

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MAULDIN, S.C., Sept. 11, 2020 /PRNewswire/ -- Union Dental Holdings, Inc. (OTC: "UDHI", "New UDHI", "the Company") has announced that it has entered into a Preliminary Agreement with Consulting Group of Jocassee, Inc. The Agreement calls for execution of a Licensing Agreement for the world-wide rights to its recently granted Patent, #10,718,586, and other intellectual property owned by Consulting Group of Jocassee, Inc. as they pertain to the design, manufacture, and world-wide distribution of medical devices. The Agreement provides UDHIs' newly appointed Chief Science Officer and patent co-inventor, Dr. Anja Glisovic, with the intellectual property necessary to launch the first component of the Company's multi-tiered business development plan.

Patent #10,718,586 relates to metals or metal alloys used in construction of a gun barrel but has numerous applications in medical devices thereby giving this patent immediate commercial viability in the medical arena.

"This Agreement puts the New UDHI on the verge of generating significant revenues as we put the pieces in place to fully implement our acquisition and international growth strategy," said UDHI CEO Michael O'Shea. "Great appreciation goes out to my fellow Board member and patent co-inventor, Steve Gravely, who has been the driving force behind the creation and licensing of this extraordinary patent. We look forward to fully capitalizing on its many exciting new medical applications under the leadership of Steve's patent partner and our new CSO, Dr. Anja Glisovic."