Precision Optics Corp.
Precision Optics Corp. Inc. of Gardner, Mass., has sold all of its currently issued and nonexpired patents and pending patent applications to Intuitive Surgical Operations Inc. of Sunnyvale, Calif., for $2.5 million. According to the agreement, Intuitive Surgical, which manufactures minimally invasive robotic surgical systems, will grant the seller a royalty-free, worldwide license to these patents in fields outside of medical robotics. With immediate use of the money, Precision Optics intends to grow its business in Lenslock endoscopes, Microprecision optical elements, assemblies for medical imaging, and handheld stereoendoscopes that provide 3-D images during minimally invasive surgery.
LATEST NEWS
- CLEO Heads to the East Coast
Apr 29, 2024
- Laser-Based Gas Analyzer Developed to Detect Air Pollution
Apr 29, 2024
- Qubits Could be Stored in Flash-Like Memory
Apr 29, 2024
- Exail Signs LLNL Contract, Partners with Eelume
Apr 26, 2024
- Menlo Moves U.S. HQ: Week in Brief: 4/26/2024
Apr 26, 2024
- Optofluidics Platform Keys Label-, Amplification-Free Rapid Diagnostic Tool
Apr 25, 2024
- DUV Lasers Made with Nonlinear Crystals Enhance Lithography Performance
Apr 25, 2024
- Teledyne e2v, Airy3D Collaborate on 3D Vision Solutions
Apr 24, 2024