Alen, Be careful! There are several ways to read the news. Not all
good. Is management giving away the store?
Thursday September 24, 4:56 pm Eastern Time
AERlicenses battery technology to Duracell
ATLANTA, Sept. 24, Sept 24 (Reuters) - AER Energy Resources Inc. and Duracell Inc. said Thursday they signed an agreement
to license its zinc-air related battery technology to Duracell Inc., the world's leading maker of high-performance alkaline batteries.
In addition, Duracell is funding certain product development projects with AER Energy.
Under the licensing agreement, Duracell will license the rights to AER Energy's currently existing patents. Duracell will own technology developed under the projects
it funds, and AER Energy will have rights to utilize the technology. Duracell also has options to obtain certain license rights.
''This joint research and development effort represents an opportunity to further develop this technology for commercial application,'' the company said in a
statement.
Duracell Inc., a subsidiary of Gillette Co. (NYSE:G - news), is headquartered in Bethel, Connecticut. Duracell also markets rechargeable nickel-metal hydride
batteries, primary lithium and zinc-air batteries.
AER Energy Resources Inc. develops and commercializes high energy density zinc-air batteries that provide long, continuous runtime for portable electronic
products. |
