Powerful stuff against us here gang.Patentlanguage for COMMERCIALIZATION of "OUR TECHNOLOGY is subject to approval of the 3rd party.
Quote:
“We are aware of four United States patents (the "Third Party Patents") each having some claims that are similar to some of the claims in the Licensed Patent. Based upon information currently known to us, some of the claims of both the Licensed Patent and the Third Party Patents cover certain material aspects of our technology. Therefore, the commercialization of our technology would be subject to the rights of the holder of the Third Party Patents unless we are able to invalidate such claims or license such technology. Also, the holder of the Third Party Patents or a licensee of the Third Party Patents could seek to invalidate such claims of the Licensed Patent and therefore be able to commercialize a technology similar to our technology.
I purchased shares in the hope this company will provide a solution to the internet craze. Reading the above lends me to believe we might be taking on water.
Any comments from the board?? I am all ears.
Willem