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Since the inception of MRT we have invested significant expertise and dollars in proprietary research and development. Consequently, this industry experience allows us to expedite and economize the development of commercially ready process solutions. In many instances, our proprietary technology can serve as a basis or platform for the development of advanced technologies, and we will pre-negotiate our participation in these business models. Our Collaborative or Industry Partners retain the rights to technology implementation, and have commercialization rights for the resulting intellectual property. Collaborative Partner * Technology Development Licensing agreements are signed with corporate partners that provide funding for early stage research and development efforts. Generally, payment is accomplished over the term of a research contract. Typically, these collaborative arrangements function best where there is a requirement for considerable investment in research, development and implementation, as well as extensive marketing efforts. Our collaborative partners usually provide the infrastructure to support these requirements, and therefore are in a strong position to commercialize the process or product. Industry Partner * Pilot-Ready Technology Corporate partners implement highly developed MRT technologies. These technologies are based on our proprietary research efforts that culminated in the discovery and development of economically attractive processes or products with near term commercial potential. Late-stage licensing arrangements or commercialization and fast track implementation of the technology follows. Consequently, risk to our partners is minimized because we have self-funded and completed essentially all research and development work before finalizing any business relationship or technology license.
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