my wondering is " McClean getting the patents along with the deal and the pending patent that we have been watching for some time now. Also there is 2 sub companys that Mikros had some time ago are they being given up also.
For us very old timers there was
DATA DESIGN AND DEVELOPMENT
MOBILE BROADCASTING COMPANY
In 1996, Safeguard Scientifics (Delaware), Inc., invested $1 million in Mikros
in exchange for 10% ownership in the Company. At the same time, Mobile
Broadcasting Corporation (MBC) was created to exploit the AM radio technology,
particularly in mobile or portable platforms such as automobiles. Initially,
Safeguard invested $1 million in MBC for 75% ownership whereas Mikros owned
the remaining 25%. Mikros share in MBC was subsequently diluted to 18%, as a
result of an additional capital investment of $1,200,000 by Safeguard. (see
Note B of Notes to Financial Statements).
Data Design and Development Corporation (3D) was also founded in 1996 as part
of the Safeguard Scientific agreement and retains ownership of the AM and FM
technology. 3D has licensed the FM technology rights in North America to
Mikros and the AM technology rights in North America to MBC. Mikros owns 1/3
of 3D, certain Mikros shareholders own another 1/3, and Safeguard owns the
remaining 1/3.
