DarkPulse secures exclusive U.S. Navy license for 3 LADAR patents
DarkPulse, Inc.
- Exclusive U.S. license to U.S. Patent Nos. 10,031,215, 7,312,855, and 7,948,610 for LADAR and pulse timer technologies.
- Upfront licensing fee of $15,000 and running royalty of 5% of net sales; sales to U.S. government excluded from royalty.
- Minimum annual royalties start year 3 at $10K, escalating to $20K; non-payment triggers automatic termination.
- DarkPulse to deliver working laser targeting prototype to manufacturing partner for full-scale production.
- Obligation to commercialize within 4 years and manufacture products substantially in the United States.