AireSurf Networks Holdings Inc. has entered into an agreement with Baltimore-based Invotex Group to sell, license and commercialize its wireless booster products. Little has been revealed about the financial details of the deal.
Acting as the company's exclusive representative, Invotex will be paid 12 percent of the gross revenues received from the first contract and will be reimbursed for all of its expenses relating to the agreement. The term of the agreement is for one year.
Invotex offers advisory services for intellectual property owners, including licensing, technology evaluation and license compliance, asset management and enforcement of intellectual property rights.
AireSurf Networks also recently received verbal approval from the FCC (
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Alert) for its wireless booster products in North America and Europe.