AgJunction Enters Licensing Talks

AgJunction Inc., which provides hardware and software solutions for precision agriculture, and Reichhardt GmbH Steuerungstechnik, a global supplier of automated agricultural products and equipment, have a letter of intent stating Reichhardt will license certain AgJunction patents.

The letter sets forth basic terms under which the parties will negotiate a non-
exclusive worldwide license to certain AgJunction patents in exchange for a license fee. It also provides the basis for a deeper collaboration between the parties related to developing, marketing, and selling steering solutions containing Reichhardt’s patented sensor guidance technology.

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