FEECOM and BIECOM are owned by NNRF - proprietary
NNRF pays no one for any right as these are proprietary products of theirs.
From the May 1 press release:
"The traditional use of lead as a shielding material is being phased out as the European Union has banned the use of lead in all facilities after the year 2010. NUCON-RF anticipates that German nuclear utility managers may replace lead with FEECOM or BIECOM. Presently, one German nuclear utility evaluating the use of the Company's shielding materials has 95 metric tons of lead that must be replaced. In Germany, there are 17 nuclear utilities with 1,615 metric tons of lead, which is the equivalent of 1,300 metric tons of BIECOM. A realistic replacement program of 10% per year would require 130 metric tons of BIECOM annually. Further, the site managers of the nuclear power stations are currently considering the use of FEECOM and BIECOM to cover the tubes and pipes within the power stations."
(All intellectual property and applications
developed in the future will be solely owned by NNRF).
I do not yet know the sales price of these materials when completed but believe this will become very substantial sales.
NNRF is presently negotiating the formation of
strategic partnerships with leading energy companies that could
greatly enhance the introduction of these materials into global
markets. The growing awareness of the toxicity of lead and
legislative efforts to ban its use indicates a burgeoning market
for lead replacements. It is reasonable to anticipate that the lead replacement movement currently underway in the EU will occur
throughout the global nuclear industry as well in hospitals,
dental and medical facilities, among others. Given the rigid
standards for product certification in Germany, the certification
and addition of customized physical characteristics by the
Institute in Germany should rapidly place NNRF in a position to
commence sales to global markets.
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