Citation
(2003), "Licensing Agreement", Aircraft Engineering and Aerospace Technology, Vol. 75 No. 4. https://doi.org/10.1108/aeat.2003.12775dab.024
Publisher
:Emerald Group Publishing Limited
Copyright © 2003, MCB UP Limited
Licensing Agreement
Licensing Agreement
Aeroflex Incorporated, a designer, developer and manufacturer of microelectronics and automated testing solutions for the broadband communications market, has announced that it has signed exclusive technology license and master distribution agreements with Celerity Systems, Inc. (L-3 Celerity), a wholly owned subsidiary of L-3 Communications (NYSE:LLL) for the development and sale of test and measurement products. Aeroflex and L-3 Celerity will be jointly targeting the Aerospace/Defence and Broadband Test and Measurement, Wireless Communications, and Signal Processing and Analysis markets.
"The licensing of the L-3 Celerity products and technologies expands Aeroflex's core test and measurement product offerings," said Len Borow, Executive Vice President/COO of Aeroflex. "We are enthusiastic about the L-3 Celerity relationship and believe that the Celerity products will enhance our product portfolio and our position within the marketplace enabling Aeroflex to provide testing solutions for all of its markets."