#Delta Gold Technologies Signs US University Research and Licensing Deal
Delta Gold Technologies PLC (Aquis: DGQ) (OTC: DGQTF) announced a research sponsorship and exclusive technology licensing agreement with a US university identified as Penn State University, in Pennsylvania, USA. The agreement covers research in quantum computing materials and related intellectual property (IP).
Under the Penn State agreement, Delta Gold Technologies will sponsor a first year research programme estimated to be up to USD $997,142. This will be paid on a cost reimbursement basis, with total reimbursement capped at $2,991,426 over three years and the contract can be terminated by either party on a 60 day notice.
The programme extends existing work on gold based structures and methods for quantum computing. The research focus aligns with Delta Gold Technologies’ ongoing work at the University of Toronto on nano scale gold and related materials.
Under the agreement, the university will grant Delta Gold an exclusive, sublicensable, royalty bearing licence to any IP generated through the sponsored research. The licence allows Delta Gold to make, have made, use, import, offer for sale, and sell products in all fields except human health.
The royalty terms provide for a running royalty of 1% on net sales of licensed products. Royalty payments begin once cumulative net sales exceed USD 20,000,000. The licence applies globally.
Both parties agreed to collaborate in good faith on the enforcement or defence of IP rights in any legal proceedings related to the licensed technology.
R. Michael Jones, Chief Executive Officer of Delta, commented:
“We are very excited to work with Penn State, a top American University with extraordinary abilities in materials science and engineering. Amazingly, independently they were investigating the properties of nano scale gold and other materials for quantum computing at the same time as our work that is on-going at University of Toronto with similar materials. Signing an agreement with Penn State adds to our portfolio of potential IP and is a direct execution step of our mission to establish a “Centre of Excellence” in Quantum Computing Research. The opportunity for top universities to collaborate is extremely exciting in the developing field.”
The agreement forms part of Delta Gold Technologies plc’s stated strategy to build a global research network in quantum materials. The Company is developing intellectual property targeted at the quantum computing sector, with a focus on nano scale gold and other materials believed to have applications in quantum technologies.
Penn State University is described as a major public research institution in the United States with a large student population and a leading materials science department. The university has published research on gold based approaches to quantum computing, which underpins the new sponsored programme.
The Company did not disclose expected timelines for research outcomes or patent filings related to the sponsored work. However, Delta Gold’s intention is to further develop the IP, file provisional patents and subsequently license the technology.
#Market Impact
The agreement increases Delta Gold Technologies plc’s committed research spending and expands its portfolio of licensed quantum materials IP. The royalty structure links future payments to commercial sales thresholds rather than upfront licence fees.
#Key Points for Investors
The agreement formalises a funded research relationship with a US university and secures exclusive rights to the resulting intellectual property outside human health applications.
Discover how this exclusive quantum licensing deal could reshape Delta Gold Technologies’ IP moat.