Shareholder Jim O'Brien recently talked with the Orlando Business Journal about advising Airon Corporation, a privately held Florida-based company specializing in high-tech pneumatic life support products, on an agreement to license its ventilator design to GE Healthcare, which will be manufactured by Ford Motor Company.
O'Brien explained that a licensing agreement has many considerations and businesses need to be specific in how a
design can be used and in what markets and exclusions should be included.
He further discussed that given critical need resulting from the COVID-19 pandemic, Airon and the other parties worked fast, with negotiations beginning on a Sunday in late March and wrapping up that following Monday.
“Frankly, the time frame was extraordinary,” said O'Brien
Read the article: Coronavirus: Local Manufacturer Teams with GE, Ford to Make Medical Equipment (subscription required)