Brief: Skyx Platforms Corp Renewed Licensing Master Services Agreement With GE Technology Development

SKYX Platforms

08/12/2023 21:37

Dec 9 (Reuters) - SKYX Platforms Corp  SKYX.O :
    * SKYX PLATFORMS: ON DEC 4, RENEWED 5-YEAR LICENSING MASTER
SERVICES DEAL FOR U.S. AND GLOBAL LICENSING SERVICES OF ITS
STANDARD AND SMART PRODUCTS
    * SKYX PLATFORMS CORP - RENEWED LICENSING MASTER SERVICES
AGREEMENT WITH GE TECHNOLOGY DEVELOPMENT
    * SKYX PLATFORMS CORP - TERM OF GE MSA RUNS THROUGH FOR AN
INITIAL
FIVE-YEAR TERM, INCLUDES AUTOMATIC ONE-YEAR RENEWAL PROVISIONS
    * SKYX PLATFORMS CORP - TERM OF GE MSA REPLACES COMPANY'S
MASTER
SERVICES AGREEMENT FOR GLOBAL LICENSING SERVICES WITH GE DATED
JUNE 14, 2019
    * SKYX PLATFORMS CORP - GE'S LICENSING TEAM WILL LICENSE
CERTAIN
OF COMPANY'S STANDARD AND SMART PRODUCTS IN U.S. AND WORLDWIDE
    * SKYX PLATFORMS: CO, UNIT ENTERED INTO LETTER AGREEMENT
WITH
GE-TL RESTRUCTURING ROYALTY PAYMENTS TO BE PAYABLE OVER THIRTEEN
QUARTERLY INSTALLMENTS


 ((Reuters.Briefs@thomsonreuters.com;))