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Technology Ausmodel Pty Ltd
Technology Ausmodel Pty Ltd
Ausmodel Proprietary LimitedAusmodel was established by the pmd*CRC in 2001 to act as the intellectual property-holding company and commercial agent for all technology based outputs created in the CRC. As such, Ausmodel is the legal owner of the intellectual property to which PD is gaining access in the agreements described under Access to Intellectual Property and the licences mentioned in that section have been granted to PD by Ausmodel.Ausmodel’s owners are CSIRO, James Cook University, the University of Western Australia and AMIRA International. Ausmodel’s objective is to protect the integrity of the intellectual property and make it available as widely as possible to the Australian minerals community. Ausmodel will provide a range of access portals to the intellectual property including: exclusive off shore access to PD; consulting access to industry and geological surveys within Australia; and access to the pmd*CRC’s Australian research partners for research and educational purposes. Ausmodel's prime commercial focus is a consulting service to assist predictive discovery of mineral deposits through application of advanced numerical modelling and computer simulation to targeting problems. This emerging technology is starting to be utilised by exploration companies and has the potential to improve the probability of exploration success by reducing the time and cost involved in discovery. Beneficial intellectual property owners will be provided exit options after PD has raised A$20 million after raising an initial A$2million amount before the end of December 2010. The shareholdings of Ausmodel and beneficial intellectual property rights can be exchanged for a final negotiated value made up either of PD equity or cash. |