Yet2.com signs aerospace licensees

Online intellectual property exchange yet2.com has signed up four major aerospace companies as licensees.

According to a spokesman for yet2.com, the site, having had commitments from Lockheed Martin Aeronautics, The Boeing Company, Honeywell and TRW, now represents more than a quarter of the total R&D spend in the aerospace industry.

Larry Donaldson, director of advanced technologies at Lockheed Martin Aeronautics Company, said: "Yet2.com will enable LMAC to market its technology assets to businesses outside our core industry. By listing our intellectual property on yet2.com we are encouraging co-operation within the aerospace industry and beyond. At the same time, we are fostering innovation within our own organisation by promoting non-intuitive applications of our R&D."

Yet2.com aims to be a market for technology exchange across all industries.

"Listing portions of our intellectual property portfolio has been providing Boeing with additional exposure to companies of all sizes and industries outside our core sector," said Robert Ott, manager of product and technology licensing at The Boeing Company.

Other groups on the exchange include 3M, BASF, British Telecom, Procter & Gamble, Siemens and Toshiba Corporation.



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