In November 2017 KFUPM signed an ‘Option to Negotiate a License’ with a local startup company TELAA. The Option is for an invention (pending for patent in GCC Patent Office) related to anti-corrosion coating using recycled crumb rubber that is low cost, high performance, and environmentally-friendly. Mr. Mohammad Al-Buali, Chief Executive Officer, and the entrepreneur […]
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In the month of July 2017 KFUPM licensed an invention (pending for patent in GCC Patent Office) related to controlling water in oil / gas wells. The license was offered to a local company MODERN NATIONAL CHEMICALS (MN-Chem) to commercially use the patent pending invention (manufacture or sell) in GCC region. MN-Chem is a 100% […]