Intellectual Property Licensing Deal Finalized
LOS ANGELES, CALIFORNIA (March 11, 2012) — Creative technologies innovator Modbook Inc. today announced that it has reached agreement with Toronto, Canada-based Axiotron Corp. to license certain of its intellectual property.
Under the agreement, Modbook Inc. will have a perpetual, exclusive, irrevocable and worldwide license to utilize certain of Axiotron’s intellectual property, including the Axiotron trademark.
The revenue-based royalty agreement represents an important milestone for Modbook Inc. as the company completes its startup fundraising and commences operations.
Modbook Inc. recently opened its headquarters office in Los Angeles, California.
About Modbook Inc.
Modbook Inc. seeks to innovate products and technologies that unleash the creative potential in everyone. Privately held, the company and its dedicated team are headquartered in Los Angeles, California, and at http://www.modbook.com.
About Axiotron Corp.
Founded in January 2005, Axiotron offers its product development expertise to companies in need of custom hardware solutions and maintains a corporate office in Toronto, Canada.
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