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Aether Global Innovations Corp
Symbol AETH
Shares Issued 92,997,461
Close 2023-09-06 C$ 0.05
Market Cap C$ 4,649,873
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Aether Global signs profit, IP sharing agreement

2023-09-06 11:54 ET - News Release

Mr. Philip Lancaster reports

AETHER GLOBAL INNOVATIONS CORP. SIGNS PROFIT AND INTELLECTUAL PROPERTY SHARE AGREEMENT WITH IDRONEIMAGES LTD

Aether Global Innovations Corp. Inc. has signed a profit and intellectual property share agreement with Idroneimages (Idiployer).

The profit and intellectual property share agreement between Aether Global and Idiployer is broken into two parts -- Part 1: profit sharing on all Idiployer's NeXus and NeXusPlus drone-in-a-box (DiaB) sales from date of the signed agreement and Part 2: joint ownership of all intellectual property (IP) software co-development from date of the signed agreement.

Profit sharing: Aether Global will assist Idiployer in its business development, marketing and sales of its DiaB product line by tapping into the company's global network of business and security leaders. The company will provide new customer and industry research, marketing support, client prospecting, and sales negotiations, and customer experience (CX) feedback from buyers. Aether Global will receive 25 per cent of the profits earned for the sales of the Idiployer's DiaB solutions.

Software intellectual property sharing: Aether Global will hire a software engineer to work directly with Idiployer to design and develop DiaB software solutions to meet individual client's needs, which will help secure sales of Idiployer's DiaB product line. Each company will own 50 per cent of the IP software developed.

"This is another significant milestone for Aether as we continue to grow the business through our ongoing investment into IdroneImages (Idiployer). Consolidating our resources allows us to expand our reach when it comes to global sales, and joint research and development," shared Phil Lancaster, chief executive officer and president of Aether Global Innovations.

"Idroneimages Ltd. -- Idiployer -- is excited about this opportunity and strategic partnership with Aether Global," shared Peter Campbell, CEO of Idroneimages (Idiployer). "Our simple, affordable and scalable approach to drone-in-a-box technology, product development and manufacturing aligns well with the joint strategic goals of developing IP both in hardware and critical software infrastructure. The development of API [application programming interface] software will enhance, expedite and future proof our technology as we integrate multiple UAV [unmanned aerial vehicle], flight control and data processing software."

Both Aether Global and Idiployer have begun the process of product sales with several global companies around the security and critical infrastructure place, and are in the process of hiring a software engineer to begin development of bespoke solutions to meet several of the client prospect needs.

In other news, Aether Global announced that is has begun a digital and marketing awareness campaign which includes press initiatives, advertising and social media with HE Capital. These marketing and awareness programs include engagements with arm's-length parties for an aggregate gross expenditure of $75,000 over a 12-month period.

About Aether Global Innovations Corp.

Aether Global Innovations is an innovative unmanned aerial vehicle drone management and operations services company that focuses in three areas for critical infrastructure and large public and private facilities. These three areas include: (i) drone management and surveillance monitoring; (ii) automation and integration for flight planning, new, innovative sensor payloads, stand-alone power source; and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging and takeoff.

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