Capital Pro-Égaux Inc. announces the conclusion by its wholly owned
subsidiary Technique d'usinage Sinlab Inc. of two license
agreements for its Technobar and guide patents
LACHENAIE, QC,
Nov. 21, 2012 /CNW Telbec/ - Capital
Pro-Égaux Inc. (the "Company") (NEX: CPE.H) is pleased to announce
the signature by its wholly owned subsidiary, Technique d'usinage
Sinlab Inc. ("Sinlab"), of two license agreement granting
non-exclusive rights to certain patents relating to its Technobar
and Technoguide technologies.
Under one of the license agreements, the Company
has granted to Utah-based
corporations Delcam USA, Inc. and
Delcam Holdings, Inc. ("Delcam"), non-exclusive rights to the
certain patents relating to the Technobar and Technoguide for the
entire patent term in consideration for a lump sum payment not
exceeding $50,000. Delcam is
authorised under the license agreement to make, use, have made,
import, export, market, distribute, sell and offer for sale
licensed products (which include any computer system or hardware
product, including but not limited to Delcam's, Dent CAD PRO and
DentSCAN or other software and hardware products related thereto
that would infringe on a claim of a licensed patent) within the
license territory of the world.
Under another other license agreement, the
Company has granted to Tennesse-based Cagenix, Inc. ("Cagenix"), in
settlement of certain patent litigation, non-exclusive rights to
certain patents relating to the Technobar and Technoguide for the
entire patent term in consideration for certain lump sum payments
over time not exceeding in the aggregate $125,000 and certain annual royalties expected at
this time not to exceed approximately $75,000. Under the terms of the licence
agreement, Cagenix will have the right to exploit the licensed
products (which include any product, product line, service, device,
system, component, hardware, software, any combination of the
foregoing, or other offering that is designed, branded, made, used,
sold, offered for sale, leased, purchased, licensed, imported,
exported, supplied or otherwise provided by Cagenix or an affiliate
thereof that would infringe any claim of the Sinlab patents)
worldwide.
Caution regarding forward-looking statements
This news release contains certain
forward-looking statements regarding the Company's expectation of
certain royalty payments to be received under the licence agreement
with Cagenix. Such expectations are based on certain assumptions
based on currently available information. If these assumptions
prove incorrect, actual results may differ materially from those
contemplated by the forward-looking statements contained in this
press release. Factors that could lead actual results to differ
include, among others, factors that may impact Cagenix's ability to
make sales as contemplated, which include, amongst other, market
acceptance for its products, competition, market and general
economic conditions, demand fluctuations, labour relations, future
funding, unfavourable regulations, lawsuits and legal challenges
and other risks. The Company disclaims any intention or obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
other than as required by securities laws.
About Pro-Égaux Inc.
Pro-Égaux through its wholly owned subsidiary,
Technique d'usinage Sinlab Inc., is a company based in Lachenaie, Quebec, specializing mainly in the
conception and design of titanium products to be used in the dental
prosthesis restoration industry.
Neither NEX, the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of NEX and the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE CAPITAL PRO-EGAUX INC.