Replies to post #111111 on Titan Medical Inc (TMDIF)

[SPORT19]

You are reading into this what you hope it is....you should read it for what it is....
It is entirely possible, and going by the language in the deal, that there is an element of the robotic surgical technologies that Titan has developed that Medtronic wants for ITS BUSINESS. This technology is likely still in the development stage and hence the phased payments....
Could be any number of things and of course could be something that we haven’t see yet...

I have a few guesses...one of them is haptic feedback....

Don’t assume its for the SPORT platform as a whole...I mean you did ask the question why not now?

[ShortsRClowns]

Nicely put 66. And why would we allow them to build a product using TMDI IP to compete with ours. I have no idea why they are doing it they way they are but theories are everywhere.

It will be interesting to see if the upcoming conference and Nasdaq listing compliance date finally gets them to provide some pps moving transparency.

I am still in the same camp as you that a BO, if it's going to happen, it's a next year event. Now does the recent JNJ news change anything? No idea:)

GL to all longs!

[mike0071]

As per bold below, in the agreement, Titan has no rights to any IP they develop. they can't use it themselves. Am I wrong ?

b]Ownership of Developed Intellectual Property.
(a) As between the parties, each party shall solely own and retain, to the exclusion of the other party, all right, title, and interest in and to Developed Intellectual Property invented, created, or otherwise originated solely by its, or any of its Affiliates’, Representatives by or on behalf of that party to which none of the Representatives of the other party contributed. The inventorship, creation, and other origination of the relevant Developed Intellectual Property and the initial rights of ownership shall be determined by U.S. patent and other applicable U.S. intellectual property Laws, as the case may be, regardless of the jurisdiction where the Developed Intellectual Property was invented, conceived, discovered, created, made, developed, reduced to practice, or otherwise perfected or exists.
(b) Regardless of inventorship, as between the parties, Medtronic shall own all right, title, and interest in and to Developed Intellectual Property invented, created, or otherwise originated jointly by both parties’, and/or jointly by at least one respective Affiliates’ or Representatives of each of the parties (the “Joint Developed Intellectual Property”). The inventorship, creation, and other origination of the relevant Joint Developed Intellectual Property and the initial rights of ownership shall be determined by U.S. patent and other applicable U.S. intellectual property Laws, as the case may be, regardless of the jurisdiction where the Joint Developed Intellectual Property was invented, conceived, discovered, created, made, developed, reduced to practice, or otherwise perfected or exists. Titan hereby assigns and transfers to Medtronic, on behalf of itself and its Affiliates and their Representatives, without a requirement of additional consideration, all of Titan’s right, title, and interest in and to the Joint Developed Intellectual Property. Upon assignment and transfer, all Joint Developed Intellectual Property shall be a subset of the Developed Intellectual Property owned solely by Medtronic.

[RockoTaco]

No 66, “the market” sees Medtronic as a customer not a development partner. That’s why the market knows squat just like they didn’t see the Medtronic Mazor deal, just like the “market” like bear stearns and Lehman didn’t see the the crash. The “market” has zero clue as to what is happening bt Titan and Medtronic. If the market knew what was happening in GENERAL and the effect of Covid 19, we’d be in a full blown depression, they will only realize after the fact.