Paradigm Oil and Gas, Inc.’s (PDGO.OB) Subsidiary Announces Signing of Intellectual Property, Technology Transfer Agreement
Paradigm Oil and Gas, Inc.'s 100 percent owned subsidiary, Paradigm Technology Solutions Inc., announced yesterday that they signed an intellectual property, Technology Transfer Agreement with Innovative Manufacturing Technology LLC (IMT). This provides Paradigm a doorway into the multi-billion dollar oil recovery technology and service industry. The agreement completes the 100 percent transfer of IMT's intellectual property and technology transfer of their Transportable Enhanced Oil Recovery (T-EOR) Platform. In consideration of the exclusive and worldwide rights for IMT's T-EOR Platform technology, knowledge, and IP transfer, the agreement includes cash compensation and an ongoing royalty for IMT. T-EOR is a turnkey integrated…