Delta Gold Technologies PLC (AQSE:DGQ) has struck a Research Sponsorship and exclusive Technology Licensing Agreement with Penn State University, strengthening its push to build a global intellectual property portfolio in quantum computing materials.
The Pennsylvania-based university has recently published research into structures and methods for quantum computing using gold—work that closely mirrors Delta’s ongoing programme with the University of Toronto. The new partnership brings the two streams of research into closer strategic alignment and forms part of Delta’s ambition to establish what it describes as a global “centre of excellence” in quantum materials across leading academic institutions.
Under the commercial terms, Delta will fund an initial year of research at Penn State with an estimated budget of up to US$997,142, payable on a cost-reimbursement basis. The programme will expand existing work on gold-based quantum technologies, with the aim of generating commercially valuable intellectual property. Over three years, the total reimbursable funding could reach up to US$2,991,426.
In return, Delta will receive an exclusive, sublicensable, royalty-bearing licence to any intellectual property developed under the programme. The licence allows the company to make, use, import and commercialise products across all fields except human health. A running royalty of 1% on net sales will become payable once cumulative sales of licensed products exceed US$20 million.
Both parties have agreed to cooperate in good faith on the defence and enforcement of intellectual property rights. The agreement may be terminated by either side with 60 days’ notice.
R. Michael Jones, Chief Executive Officer of Delta, commented: “We are very excited to work with Penn State, a top American University with extraordinary abilities in materials science and engineering. Amazingly, independently they were investigating the properties of nano scale gold and other materials for quantum computing at the same time as our work that is on-going at University of Toronto with similar materials. Signing an agreement with Penn State adds to our portfolio of potential IP and is a direct execution step of our mission to establish a “Centre of Excellence” in Quantum Computing Research. The opportunity for top universities to collaborate is extremely exciting in the developing field.”
About Penn State
Penn State (The Pennsylvania State University) is a public land-grant research institution founded in 1855, with its main campus at University Park in State College, Pennsylvania. The university serves around 90,000 students across more than 20 campuses and offers over 275 degree programmes. It is recognised for its strength in materials science, extensive alumni network and long-standing research heritage.
About Delta Gold Technologies PLC
Delta Gold Technologies is focused on developing intellectual property for the quantum computing sector, centred on nano-scale gold and related materials. The company is working with leading nanotechnology and quantum computing teams worldwide to advance research, file provisional patents and ultimately license technology into global markets.
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