Project Details
Delta Gold will sponsor a first year research programme estimated to be up to USD $997,142 which will be paid to Penn State on a cost reimbursement basis. The research will extend existing work on gold-based quantum technologies with the aim of generating valuable intellectual property. The total cost reimbursable contract is for up to USD $2,991,426 over three years.
In return for funding the programme, Delta will receive from Penn State an exclusive, sublicensable, royalty-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 Net Sales of licensed products once cumulative Net Sales exceed USD $20,000,000.
Lead Investigator
Details to Follow