Pryme Radio Products entered into a nonexclusive agreement to license its extensive GPS technology portfolio to Midian Electronics.Verizon Acquires Drone Software Company
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Midian produces a variety of advanced signaling/scrambling products for two-way radios. Midian will use its license to develop, manufacture and market a speaker microphone with GPS and voice security capabilities. Pryme’s GPS technology portfolio includes 30 patents and patent applications in more than eight different countries.
“We are very pleased to have this agreement with Midian, a company I have personally known for over 25 years,” said Dave George, president of Pryme. “Midian has a reputation for quality and innovation, and will be a great partner with Pryme as we develop the market for feature-rich radio accessories.”
Under the terms of the agreement, Midian will design and supply Pryme with seven exclusive, unique and high-performance signaling/scrambling option boards for Pryme’s new public-safety-grade speaker mic.
“The Midian GPS mic will be very complementary to the mic that Pryme already sells, and together we will be able to offer the end users more options, thus growing the market,” George said.
During the past six months, Pryme and Midian have established a mutually beneficial exchange of technology and expertise.
“We found that Pryme was very flexible and open to working with us, and so it made sense to cross develop our microphone-based product lines,” said Chuck Soulliard, president of Midian.
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