en.Wedoany.com Reported - Delta Gold Technologies has added three patent applications related to quantum technology from Penn State University to its intellectual property portfolio, while simultaneously expanding the research sponsorship agreement from $3 million over three years to up to $6 million over six years.

Delta Gold Technologies PLC (Aquis: DGQ / OTCQB: DGQTF / FRA: O2J) announced that, under a sponsored research agreement with The Pennsylvania State University, the company will include three complete patent applications submitted by the university in its intellectual property portfolio. These patent applications involve the use of quantum mechanical properties of gold and other materials for sensing, computing, and information processing. The solid-state materials covered in the patents show promise for encoding, manipulating, and reading quantum states while maintaining stability and scalability, and these methods have been compared with other common quantum information processing approaches. All three patent applications have been filed under the Patent Cooperation Treaty.

Under the terms of the existing agreement, Delta already holds an exclusive license to one patent application and will add the other two. These three patent applications will continue to carry a 1% sales royalty on related sales exceeding $20 million. The company believes that filing these patent applications validates its strategy of collaborating with leading academic institutions, acquiring research capabilities, and creating long-term value for shareholders through the development and protection of novel intellectual property.

Delta Gold CEO R. Michael Jones stated that the collaboration with Penn State has resulted in the inclusion of three patent applications in the intellectual property portfolio, demonstrating the potential of the company's sponsored research model to generate protectable intellectual property. Given that research progress has significantly exceeded expectations, both parties have agreed to an amendment to the agreement, expanding the research sponsorship from $3 million over three years to up to $6 million over six years. Details for expanding the team, facilities, and scope of work will be developed in the coming months to advance the underlying technology and support subsequent patent filings or commercialization pathways. Jones also indicated that the company plans to continue expanding its innovation portfolio and university agreements targeting the United States, Canada, and the United Kingdom.

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