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Article: DDS Technologies USA Inc. Amplifies Details of Previously Announced Marketing and License Agreement With Xethanol Corporation; New R & D Facility to House Dry Disaggregation Processor as Part of Marketing and License Agreement With Xethanol Corporation; Also Announces Assembly of First Machine Shipped to Sulfur Solutions Inc.
- Article from:
- PR Newswire
- Article date:
- November 1, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOCA RATON, Fla., Nov. 1 /PRNewswire-FirstCall/ -- DDS Technologies USA, Inc. (BULLETIN BOARD: DDSU) , http://www.ddstechusa.com/, today announced that Xethanol Corporation has agreed that, in order to retain the exclusivity of its license agreement with the Company, it will have to order a minimum of thirty dry disaggregation processor machines from DDS during the two-year period 2006 through 2007.
Under the terms of the previously announced agreement, DDS USA granted Xethanol an exclusive license, with certain exceptions, to market DDS USA's dry disaggregation technology to the ethanol industry in the USA. The terms called for Xethanol to earn a fee for its ...