Ann: Letter of Intent with Heranova for Felix System Distribution, page-5

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    exclusive distribution agreement with the option of licencing and manufacturing the FelixTM System in the Territory. Under the licencing agreement Heranova will also finance clinical trials and applications for NMPA Registration in the Territory. Commercial aspects will include an upfront fee and royalties
    payable to Memphasys yet to be determined

    I'm starting to wonder if I shouldn't actually be getting some form of share agreement with MEM. This Ann is what I've been calling for and I think we'll see the Felix is marketed in the same way, see below, but my guess is the names will just be interchangeable?

    exclusive distribution agreement with the option of licencing and manufacturing the FelixTM System in Japan. Under the licencing agreement Vitrolife will include an upfront fee and royalties payable to Memphasys yet to be determined. Can see this happening, also in Europe.


    The other one I missed was that these guys are happy to take on the manufacturing of the device and cartridges also. Boom many times over. As I have said the Felix is ready to go, now management are moving on to other things other media to commercialise to enhance SH value. People in 2 years will be posting they bought MEM at .006 and are up 1000% ROFL!!!!!
 
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