Paras Defence and Space Technologies Ltd signs IP license agreement with Tandem Defense LLC

Paras Defence and Space Technologies Limited ("PARAS") has signed an IP License Agreement with Tandem Defense LLC, a Georgia limited liability company, a wholly owned subsidiary of Autonomous Power Corporation, Delaware ("Powerus") for Guardians Interceptor Technology.

Through the agreement, Powerus grants Paras an exclusive license to use the Licensed IP within India for the purpose of manufacturing and commercializing Products in India.

Guardian-1 Interceptor is a high-speed, battery-powered counter-drone system developed by Powerus designed to combat low-cost aerial threats.

Source : Equity Bulls

Keywords

ParasDefenceandSpaceTechnologies IPLicenseAgreement TandemDefenseLLC