Friday, May 27, 2011 11:32:02 AM
During that same time period, the Company announced that its wholly-owned subsidiary, SUTIMCo, had signed a Venture Acceleration Agreement with Capwave Sensor, Inc., valued at $2,790,000. Capwave is the maker of a revolutionary portable Enzyme-Linked ImmunoSorbent Assay (ELISA) test platform. According to the terms of the Agreement, SUTIMCo will assist Capwave with development and commercialization of its technology for a period of three years at $77,500 per month. In addition, the Company announced that its wholly-owned subsidiary, SUTIMCo, had signed a Venture Acceleration Agreement with the maker of a revolutionary technology designed to harness wind power. The contract with SUTIMCo is valued at $2,790,000. According to the terms of the Agreement, SUTIMCo will assist with the further development and commercialization of this technology for a period of three years at $77,500 per month.
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