Company Announcement
Grants License to Assoc Regional & University Pathologists
GENETIC TECHNOLOGIES LIMITED 2003-04-07 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
Genetic Technologies Limited (GTG-ASX) is pleased to announce it has
granted a license to its non-coding patents to Associated Regional &
University Pathologists (ARUP), Inc, of Salt Lake City, Utah, in USA.
ARUP is a sophisticated laboratory system owned by University of
Utah. It performs an extensive range of pathology and genetic tests,
some for its own research and teaching purposes, but much of it also
for commercial service testing. This license is the first one granted
by GTG to a service provider - that is, to a laboratory actually
performing a wide range of genetic tests, some of which require
access to GTG's inventions and patents.
The license takes effect from March 31st 2003, and ARUP now pays GTG
an up-front fee of US$75,000 (approx A$125,000).
Negotiations with other service testing laboratories are also in
progress, and further details will be provided as appropriate.
Dr M Jacobson
EXECUTIVE CHAIRMAN
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