Perth-based developer of advanced sensor and detection technology QRSciences Ltd has finalised an agreement to cross license a suite of patent and patent applications with GE Security, a business affiliate of the General Electric Company. Under the terms of the license, QRS will earn royalties on GE products incorporating QRS's patented IP, and GE will earn royalties on QRS products that incorporate GE's proprietary patents and patents licensed to GE by the U.S. Naval Research Laboratory.
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