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| Sunday, May 17, 01:58:50am | [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, 7, 8, [9], 10 ] |
| Subject: ERG owns the technology which is licensed to Creative Star -- for use only in Hong Kong | |
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Author: Venus technologyExclusive access to customers of choice for 5 years |
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Date Posted: Sunday, March 16, 06:21:02am The Venus technology is the only smart card technology in the world today capable of supporting high-speed contactless smart card transactions which also has Proton World certification. The Venus technology provides an operating system embedded on the chip of a smart card. Its presence facilitates the use of applications such as those developed by Proton World. ------------------------------------------------------------ As part of this transaction, ERG has on-sold the manufacturing equipment to the French smart card manufacturing company ASK SA. ERG has also appointed ASK as its preferred supplier for the supply of smart cards to ERG for its transit projects. To enable ASK to supply ERG smart cards, ERG has granted ASK a non-exclusive sublicence to the Venus technology. ------------------------------------------------------------- The transaction should ensure ongoing lower costs of supply for smart cards supporting ERG's technology base. ------------------------------------------------------------- The agreement entitles ERG to use, develop and sell the Venus technology throughout the world without time constraints. The licence includes certain exclusive rights in Motorola's copyrighted Venus technology, software and associated source code. The technology is currently used by ERG in transit projects such as San Francisco, Rome and Manchester. ------------------------------------------------------------- MASS----Wholly owned and developed by ERG. ------------------------------------------------------------------------------------------- ERG owns the technology which is licensed to Creative Star -- for use only in Hong Kong ------------------------------------------------------------- Creative Star now known as Octopus are partners with ERG Transit Systems in Toronto ------------------------------------------------------------------------------------------- Octopus--IP (intellectual property)Proton World CEO Armand Linkens -- formed a consortium with Accenture, Thales and MTRC, ------------------------------------------------------------- As part ofthe sale, ERG has been granted a 20 year non-exclusive global licence which will enable the Company to (NT) -- promote and exploit the Proton technology in conjunction with its own AFC/smarl card technology--6/3/03 ------------------------------------------------------------- Exclusive access to customers of choice for 5 years ------------------------------------------------------------- [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| approximately63m to ERG Group after repayment of intercompany loans | ERG Group wilf retain the worldwidelicence rights to the Proton Technologyfor a period of 20 yearsand obtain exclusive access to nominated customers for 5 years | Tuesday, March 18, 07:48:06am |
| ERG could earn up to E22.5m (A$40m)based on these milestonesover a ten year period. | Contingent asset:-will be booked as it is progressively received. | Tuesday, March 18, 08:00:18am |