Last $0.04 USD
Change Today 0.00 / 0.00%
Volume 10.0K
As of 8:10 PM 05/17/13 All times are local (Market data is delayed by at least 15 minutes).

mdechem inc (MDKM) Key Developments

Imperial Petroleum, Inc. Signs Exclusive License Agreement for Sandklene 950

Imperial Petroleum Inc. announced that it has purchased the exclusive rights to manufacture, distribute and use MDEChem Inc.'s patented chemical catalyst in the recovery of oil from tar sands. MDEChem will receive an upfront payment plus an ongoing royalty from sales of the product. Imperial had previously announced the formation of Arrakis Oil Recovery, LLC, which owns licensed technology that uses SANDKLENE 950 in its oil sands recovery technology.

 

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