A strategic business model set forth by Synova allows select partners to license its proprietary Laser MicroJet technology. Under the new model, Synova will offer non-exclusive licensing of its Laser MicroJet module?comprising a coupling unit, laser source, and water pump?for integration into both end user and equipment manufacturer systems.

Under the terms of end-user licensing agreements, the module is available for purchase royalty free. Modules are also available to equipment manufacturers under a prefixed, royalty-based licensing agreement. To encourage long-term collaboration, the agreements will also encompass technology and knowledge transfer. Synova representatives will work closely with licensees to ensure effective integration of the Laser MicroJet to help them maintain optimal process flexibility for their end customers.

By creating a network of strategic channel partners, this licensing model will facilitate a new revenue stream for the company, as well as position Synova's technology in additional global markets and applications.

Thu Mar 15 09:50:00 CDT 2007