CLEARTRONIC, INC. (OTCMKTS:CLRI) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 – Entry into a Material Agreement.
On May 5, 2017, the Registrant entered into an Exclusive Licensing Agreement with Sublicensing Terms (the “Agreement”) with the University of Southern Florida Research Foundation, Inc. (“USFRF”) relating to an exclusive license of certain patent rights in connection with one of USFRF’s U.S. Patent Applications. Both parties recognize that the research and development work provided by the Registrant was sufficient for USFRF to enter into the Agreement with the Registrant.
The Agreement is effective April 25, 2017 and continues until the later of the date that no Licensed Patent remains a pending application or an enforceable patent or the date on which the Licensee’s obligation to pay royalties expires.
About CLEARTRONIC, INC. (OTCMKTS:CLRI)
Cleartronic, Inc. is a provider of Internet Protocol (IP) unified group communication solutions. The products used in the Company’s solutions include its own products, as well as products from other software and hardware vendors. The Company’s operations are conducted through its subsidiaries, VoiceInterop, Inc. and ReadyOp Communications, Inc. VoiceInterop, Inc. designs, builds and installs group communication solutions, including hardware and customized software. The Company sells its line of Internet Protocol Gateway under the brand AudioMate 360 IP Gateway. ReadyOp Communications, Inc. is engaged in the marketing and sales of ReadyOp software. ReadyOp is a Web-based planning and communications platform for planning, managing, communicating and directing activities within a single organization or in a unified command structure. ReadyOp is a solution with multiple means of communications in a single program, including interoperable communications for radios and other devices. CLEARTRONIC, INC. (OTCMKTS:CLRI) Recent Trading Information
CLEARTRONIC, INC. (OTCMKTS:CLRI) closed its last trading session 00.0000 at 0.0700 with 4,734 shares trading hands.