Giner agrees to exclusively license its miniature Transdermal Alcohol Sensors for use in Helo

Apr 26, 2017

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On April 10, 2017, WRMT entered in to a Exclusive License Agreement with Giner Inc., a Massachusetts company where Giner has agreed to incorporate its miniaturized transdermal alcohol sensor (“TAS”) into WRMT’s Helo product and give WRMT an exclusive license to use, market, sell and distribute the integrated Helo product in the consumer self-monitoring market. In exchange, WRMT has agreed to fund Giner’s non-recurring engineering (“NRE”) costs related to the work. In addition, Giner has agreed to build a mobile software application for WRMT with certain advanced features using TAS and other Helo data. For further details, please click here.