Delta Gold Technologies Plc - Contract
New University Sponsorship Agreement -
Penn State's recent published work includes structures and methods for quantum computing using gold, which aligns closely with Delta's research at the
This agreement forms part of Delta's long - term strategy to build a global centre of excellence and a world - class portfolio in quantum materials research across leading universities.
Commercial Terms:
Delta Gold will sponsor a first year research programme estimated to be up to USD
In return for funding the programme, Delta will receive from Penn State an exclusive, sublicensable, royalty
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bearing licence to any resulting intellectual property ("IP"), permitting the Company to make, have made, use, import, offer for sale, and sell products in all fields except Human Health (the "Licence"). Delta will pay Penn State a running royalty of one percent (1%) on
The Parties will collaborate in good faith on the enforcement or defence of IP rights in any legal proceedings. The contract can be terminated by either party on 60 day notice.
"We are very excited to work with Penn State, a top
About Penn State
Penn State (
About
Delta is developing, with an option for an exclusive license, intellectual property ("IP") targeted towards the quantum computing ("QC") space that can be licenced globally. This technology will be centred around the usage of nano-scale gold and other materials. Utilising the unique physical properties of certain materials which are believed to have direct and significant applications within the rapidly growing QC space.
This IP will be developed with top global nanotechnology and QC teams globally, with the intention to further develop the IP, file provisional patents and subsequently license the technology.
For further information contact:
____________________________________________________________ |Delta Gold Technologies PLC | | | |Tel: +44 (0)203 576 6742| |R. Michael Jones (CEO) | | |___________________________________|________________________| |Orana Corporate LLP (Aquis Advisor)| | | |Tel: +44 (0)203 475 6834| |Anthony Eastman / Sarah Cope | | |___________________________________|________________________| |First Equity LTD (Corporate Broker)| | | |Tel: +44 (0)207 374 2212| |Jason Robertson / Sam Lakha | | |___________________________________|________________________|
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