Ainos signs co-development deal with Nisshinbo & Inabata for VOC sensing platform

Ainos, Inc.

Ainos will receive one-time upfront development fee plus per-unit fees for AI Nose tech.
Partnership targets telehealth, automotive, industrial, and environmental safety applications.
Agreement effective Aug 9, 2023 through Aug 31, 2026, with normal termination rights.
Ainos brings over 50 active/pending patents and deep-learning algorithm to the platform.
Nisshinbo outsources development; Inabata coordinates logistics between the parties.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ainos, Inc. entered into Co-Development Agreement with Nisshinbo Micro Devices Inc. and Taiwan Inabata Sangyo Co., Ltd. (effective 2023-08-09).

Action: entry
Agreement: collaboration
Counterparty: Nisshinbo Micro Devices Inc. and Taiwan Inabata Sangyo Co., Ltd.
Effective: 2023-08-09

Exact text from the filing

On August 9, 2023, Ainos, Inc., a Texas corporation (the “Company”), entered into Co-Development Agreement (the “Agreement”) with Nisshinbo Micro Devices Inc., a Japan corporation (“NISD”), and Taiwan Inabata Sangyo Co., Ltd., a Taiwan corporation (“Inabata”).

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Ainos, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-010410

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