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Business Model
Sunstorm is currently offering word-wide, exclusive licenses for its patented polymer technology. Licensees can choose from several fields of use, not only the ones discussed on this website. Sunstorm maintains a strong intellectual property portfolio (see Patents) and is able to offer substantial patent protection in USA and international markets. Access to Sunstorm’s technology usually follows two steps: 1. Enter into a development/optimization program 2. Acquire an exclusive, world-wide license
1. Development/Optimization Program Customer and Sunstorm agree upon milestones for the various products, then enter into a development program designed to optimize polymer performance for each application. If results are satisfactory at the termination of the optimization period, the customer has the option to enter into an exclusive world-wide license. The program involves Sunstorm producing interim samples that are sent to the customer for evaluation. Samples are evaluated by the customer and results reported to Sunstorm. Through an iterative process, products with desired properties are formulated. Sunstorm expects to complete optimization within a few months and prepare GLP materials for preliminary market evaluation by the end of the first twelve months.
2. Exclusive Licensing Following development, Sunstorm will provide an exclusive, world-wide
license. The licensing terms include payment of a license fee and
payment of a minimum annual royalty to maintain exclusivity for the
combination products. In addition, there may be additional payments to
Sunstorm based upon agreed upon milestones. All technology is
transferred to licensee and the license allows customer to make, have
made, use and sell products developed under program.
Companies interested in discussing licensing opportunities should contact Dr. James Benson directly.
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