Paymetrex Secures Inaugural U.S. Patent License Agreement

Datametrex AI Limited announced that its subsidiary, Paymetrex Payment Solutions Inc., has initiated a patent licensing program to capitalize on its intellectual property within the payments sector. The first non-exclusive agreement with a U.S. payment solutions provider will see Paymetrex receive an annual royalty of US$400,000.

This achievement marks a pivotal step in Paymetrex's effort to leverage its proprietary technologies. The agreement is expected to lay a foundation for further licensing ventures in the payments industry.

Paymetrex's patent suite, which includes several U.S. and Canadian patents, encompasses technologies crucial to secure and efficient payment processing. In collaboration with its parent company, Paymetrex aims to utilize AI to identify potential licensees and acquire additional patent assets.

COO Michael Kron emphasized the agreement's validation of Paymetrex's innovation in payment processing, noting it as a promising start to future licensing opportunities.