Titan Medical Inc (TMDIF)

[Geo2014]

Well actually it's either licensed or assigned. But yes you are correct - my bad! This particular contract was presented to the public as a licensing agreement. I haven't read the details of the agreement. Do you know how long it is? What IP exactly are they using? If the milestones are not related to SPORT as some say, then the obvious assumption would be the two milestones have to do with the incorporation of certain Titan technologies to be used in MDT device(s) being built or already existing. If that is the case, at some point MDT will want to have the IP rights assigned to them so they have full control over their devices. This may explain why Titan has changed it's description in its public releases.