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United States PATENT 7,115,872 Bordynuik October 3, 2006

Portable radiation detector and method of detecting radiation

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For PATENT Number: 7115872

http://assignments.uspto.gov/assignments/q?db=pat&qt=pat&reel=&frame=&pat=7115872&am...

PATENT Agreement

Effective October 7, 2006 the Company entered into an agreement to license a PATENT to license a PATENT for portable radiation detector from John Bordynuik. This agreement includes the license for US PATENT #7,115,872 Portable Radiation Detector and Method of Detecting Radiation. Consideration paid by the Company to John Bordynuik included a one time $176,960. In addition, consideration of 6,000 shares of the Company common stock will also be paid to John Bordynuik and will be held in trust for John Bordynuik’s children.

In addition to the consideration outlined above, in the event the Company sells, or licenses any part of the license for US PATENT # 7,115,872 Portable Radiation Detector and Method of Detecting Radiation consideration of 10% of any licensing fee and 15% of any research and development funding will be paid to John Bordynuik.

Expedite 2 Inc · 8-K · For 2/10/09 · EX-99.1
http://www.sec.gov/Archives/edgar/data/1415602/000121390009000261/f8k021009ex99i_expedite2.htm

PATENT Expired Due to NonPayment of Maintenance Fees Under 37 CFR 1.362

First Named Inventor: John William Bordynuik , Ontario, (CA) Issue Date of Patent: 10-03-2006

7115872

http://portal.uspto.gov/external/portal/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3h3cz9XEzcPIwMLvyALA08....

United States PATENT 7,115,872
Bordynuik October 3, 2006

Portable RADIATION detector and method of detecting RADIATION

Courtesy of Scion on SI

This patent that they paid John $176,960, was so great they let it expire. Another fantastic Arms Length transaction to himself!!
It's also possible he let another worthless data patent expire..lol