NSI Global [TSX: NGL], a Montreal-based supplier of satellite-based communication systems, announced Monday that its wholly owned subsidiary, Vistar Telecommunications, has licensed intellectual property to Aether Systems for net proceeds of C$2.3 million (US$1.62 million). Aether has been granted a limited perpetual license to Vistar’s satellite communication technology for a one-time fee. Vistar has also sold associated inventory, at cost, for an additional C$1.3 million (US$0.92 million).
NSI Global Licenses Satellite Technology To Aether Systems
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