Precision Optics Sells Patents

!%Precision Optics Corp. Inc.%! of Gardner, Mass., has received $2.5 million from Intuitive Surgical Operations Inc. of Sunnyvale, Calif., for all of its currently issued and nonexpired patents and pending patent applications. 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. 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.