We are on the verge of possibly signing with our second company Coty, as they just completed a major milestone this week ..."THE CLAIMS TRIAL"
Why is this significant?
As stated in the march presentation roadshow (AS ANNOUNCED IN MARCH 2016)
Coty has made a commitment to license OBJ's technology once consumer testing is completed
Here is a copy from the presentation announced in March
Coty Inc. – world’s largest fragrance company (>$US12bn)
* Executed a product development & licensing term sheet in late 2014.
* OBJ’s original technology – patents granted for Europe & USA.
* Royalties to be payable on the device, associated formulation &
product sales.
* Development fully funded by Coty Inc.
* Extensive consumer concept testing nearing completion.
* Commitment made to license OBJ’s technology once consumer
testing is completed.
Jeff was asked last night what are the chances of Coty not going ahead, Jeff shook his head and said they have invested a considerable amount of money and does not see this as a possibility and also said he believed that Coty's product would be commercialised by Xmas, at which Glyn promptly stepped in and said ...HOPEFULLY
DO YOUR OWN RESEARCH
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