Apple And Liquidmental Technologies Extend Their Intellectural Property Contract Till 2014News — By Naveen Vaidhya on June 20, 2012 at 10:58 am
Apple has signed a contract with Liquid Metal back in 2012 to utilize their technology in Apple devices, and right now as per the latest report, Liquid and Apple Metal have enlarged their contract till 2014.
The contract was setup channel a subsidiary that is called as Crucible Intellectural Property LLC, and this offers Apple with a complete license to all of the rational property by liquid metal.
The real deal ran out on 5th February 2012, however a latest SEC filing has showed that deal has been enlarged to the 5th February 2014.
Below the Master Transaction Agreement, the firm was actually obligated to help t Crucible Intellectural Property, LLC, an exclusive aim subsidiary of firm, all rational property needs or grown by the firm by 5th February 2012, and all rational property held by Crucible Intellectual Property, LLC is specially allowed on a perpetual basis to Apple for section of use of consumer electronic products below the MTA. According to Amendment, the parties sanctioned to amend the MTA to extend the 5th February 2012 date to 5th February 2014.
Earlier Apple utilized Liquid Metal in SIM eject tool for iPhone 3GS, though we suspicious this was utilized as a test and Apple has lots of plans for this technology in the coming future.