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PATENTS and TRADE MARKS Under the Company's exclusive world-wide license with Electric Fuel Propulsion Corporation (EFP), the Company has been granted licenses on 22 new inventions, one of which is the Fifth Generation Lead Cobalt Battery for which the Company has now applied for a patent. EFP also assigned proprietary information and delivered engineering drawings and designs on 37 patents, now expired, which were granted in 14 countries to its inventors on batteries, electric propulsion systems & components and vehicles. Under the EFP/EAC license agreement, any improvement patents which may be granted to EFP in the future are covered by the license agreement. The Company owns one trademark and is applying for several others...
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