Pryme Radio Products entered into a non-exclusive agreement to license its extensive GPS technology portfolio to Midian Electronics, Inc., according to the company.
Midian is a Tucson, Ariz., corporation that produces advanced signaling and scrambling products for two-way radios. Midian will use its license to develop, manufacture, and market a speaker microphone with GPS and voice security capabilities. Pryme has secured or applied for 30 GPS patents and in at least eight countries.
"We are very pleased to have this agreement with Midian, a company I have personally known for over 25 years," said Dave George, Pryme's president. "Midian has a reputation for quality and innovation, and will be a great partner with Pryme as we develop the market for feature-rich radio accessories."
The companies would not be competitors, George added.
"The Midian GPS mic will be very complementary to the mic that Pryme already sells and together we will be able to offer the end users more options, thus growing the market."
Under the terms of the agreement, Midian will design and supply Pryme with seven exclusive, unique and high performance signaling/scrambling option boards for Pryme's Storm Trooper public-safety grade speaker mic.
"We found that Pryme was very flexible and open to working with us and so it made sense to cross develop our microphone-based product lines," said Chuck Soulliard, Midian's president.
In the past six months, Pryme and Midian have established a mutually beneficial exchange of technology and expertise, according to a release.