Patlex Signs 19 License Agreements for Laser Use

Patlex Corp. said it signed 19 more license agreements with companies that either manufacture or use lasers that are covered by patents belonging to Gordon Gould, Patlex’s vice chairman and chief scientist.

The agreements provide for Chatsworth-based Patlex to be paid royalties on future sales and/or use of lasers and related systems covered by the patents. Patlex, which has signed 64 such agreements, also will collect back royalty payments totaling more than $1 million.

Patlex financed Gould’s 30-year legal fight to secure his patents and, in return, collects 64% of the royalties paid for use of Gould’s technology. Patlex also produces its own line of lasers and other electronic products.