6/18/2012
NovelAire Technologies, in Baton Rouge LA, and Venmar CES Inc., in Saskatoon, Saskatchewan, have entered into an agreement whereby the patented technology owned by NovelAire under US Patent 5,791,153 "High Efficiency Air Conditioning System with Humidity Control" is being licensed to Venmar.
Venmar CES has agreed that the patent covering the NovelAire technology is valid. The parties have agreed that for the duration of the patent, Venmar CES will pay a royalty to NovelAire Technologies for all products sold incorporating the licensed NovelAire technology.
