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Agreed Jim

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vineyardstock   Sunday, 07/17/11 09:51:25 PM
Re: jimmowrey post# 16205
Post # of 52388 
Agreed Jim

My reading is (this is just my opinion):

GERS is the Licensor
ADRN is the Licensee

GERS is allowing ADRN to the use of GERS technologies. Just as they would license any other company in a non-exclusive agreement. This agreement is dated to 2009, might be tax or business or legal significance for that.

ADRN does not appear to gain in the ownership of the patents.
ADRN will not directly gain in litigation awards. As the litigation was initiated and paid for by GERS.

I would see this licensing as a means for ADRN to move ahead with business and potentially secure outside investment, as it gives them the power of GERS technology (patented & still under developement).

I don't see an outright threat to GERS, as they still maintain a clear licensor position.

Just my opinion however.

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