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Successful completion of the Phase II tests leads to the final phase – commercialization. The terms of the Phase II Letter of Intent are incorporated into a binding, long-term, exclusive agreement. Commercialization may take the form of providing toll processing services or by way of a more comprehensive license agreement.
Toll processing:The terms of the phase II letter of intent are incorporated into a long-term, binding, exclusive contract. Radient then commences full-scale production of the client’s target compound.Licensing:The terms of the phase II letter of intent are incorporated into a contract dealing with the use of Radient’s proprietary technology in the client’s facility. Radient will assist clients with bringing their new production-scale MAP™ unit online by utilizing their expertise in:
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