Article: Versus Technology, Inc. Enters Into Exclusive Licensing Agreement with Precision Tracking FM, Inc.

TRAVERSE CITY, Mich., Feb. 18 /PRNewswire/ --Versus Technology, Inc. (Nasdaq: VSTI) announced:

Versus Technology, Inc. (Versus) and Precision Tracking F.M., Inc., of Dallas, Texas, (PTFM) have signed an Agreement for Versus to become a licensee of PTFM's patents and intellectual properties related to infrared tracking technology. Subject to certain existing PTFM license and supply agreements, Versus will become the sole and exclusive PTFM licensee for a period of 10 years, after which Versus' rights will become nonexclusive.

Under the Versus/PTFM Agreement, PTFM desires to withdraw from its infrared technology based products, and will work over ...






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