October 2014


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Following the October 2013 Mediation Agreement coming out of the Percussive Harmonic Instrument (PHI) litigation matter with the inventors and the decision of the parties to transfer the ownership of the “PHI” patent (more specifically the APHAMS technology) to The UWI, PHI Innovations Limited has been established to optimise profits derived from the licensing of the patent (technology).

PHI Innovations Limited, incorporated in November 2013, is mandated to optimise profits from the licensing of the patent (technology), acting in the interest of the people of Trinidad and Tobago (through the State and The UWI) and the inventors. Such profits are to be equally shared in three parts amongst The UWI, the inventors and the State. The company is also mandated to enter into consultancy agreements with the inventors “to complete the design of the PHI and to assist in the manufacture and marketing of the PHI.”

On April 29 2014, an assignment agreement was signed between the inventors and The UWI as a step in the furtherance of the mediation agreement to effect the transfer of ownership of the patent technology to The UWI.