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Replies to post #34535 on RUMORED NEWS, NEWS and STOCKS GOINGUP
On June 24, 2013, through the wholly owned subsidiary Mantra Energy Alternatives Inc., Mantra Venture Group Ltd., entered into an Agreement with Alstom (Switzerland) Ltd. concerning the joint research and development projects relating to a pilot plant for the conversion of carbon dioxide to formate at a Lafarge cement plant (the Lafarge pilot project) and the development of processes for the conversion of carbon dioxide to other valuable chemicals. Pursuant to the Agreement Mantra and Alstom will co-operate in one or more research and development projects related to Mantra's Electro-Reduction of Carbon Dioxide (ERC) technology. Prospective projects will be associated with the development of technologies and processes for the conversion of CO to chemical products and the investigation of the feasibility of scale-up and commercialization of these processes. Prior to undertaking any research and development project under the agreement, Mantra and Alstom will mutually agree to special terms and conditions governing the purpose, aims and objectives of any such project, including technical descriptions, the designation of work phases and project managers, and the allocation of responsibilities and costs between the parties. The commencement of any work phase for any project will be at the sole discretion of Alstom. Mantra and Alstom also will establish an intellectual property committee to oversee and manage all intellectual property issues and activities resulting from the Agreement, including the protection of any new intellectual property. Each party will have exclusive right and discretion to prosecute all patents and patent applications resulting from its work on any project. The parties will jointly prosecute any intellectual property in jointly-owned results. Alstom will have the additional option under the agreement to acquire an exclusive license to intellectual property created by Mantra under the agreement, and to a license to Mantra's ERC technology as may be reasonably required to exploit intellectual property assumed by Alstom. The agreement does not affect ownership of any underlying intellectual property of either party.
12/31/14 8:47 AM
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