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Droots

04/11/10 3:30 PM

#306825 RE: Guru09 #306785

From the 8K form:

Dicon is a manufacturer of certain of the Company’s products. Dicon has also performed research and development services and packaging and shipping services for the Company in the past. Additionally, the Company previously relied upon certain technology patents which are licensed by Dicon. The terms of the transaction and the purchase price agreed upon were the result of arm’s length negotiations between SpongeTech, Dicon and the Dicon Equityholders.

Since SPNG bought DICON, I guess that they also own the licenses and not Wayne Celia.
Dicon or HH Brown Shoe d/b/a Dicon is the Assignee. The Assignee is the owner, not the inventor.