Trading on the OTCBB, Vault Technology Inc. is a resource exploration and development company focused on their uranium project in the Wollaston domain of North Eastern Saskatchewan, Canada. They are also exploring other opportunities in the products and services realm. Their venture into this area is in audiovisual systems integration, home theater systems, and digital media.
Headquartered in Fort Lauderdale, Florida, Vault Technology has begun final negotiations to acquire three businesses. Two of these are successful audiovisual integration businesses and the other is a leading manufacturer of digital audio and video data storage products. Vault is engaging in the development of innovative strategies for the next generation of enterprise system solutions. Once their acquisitions are in place, the consolidated Vault will be a premier provider of high performance digital audiovisual systems, and design, integration, and service solutions. They are working to prepare to serve the education, government, and corporate market segments.
Vault Technology announced last week that they signed a non-binding letter of intent to acquire Digital Media Invention, LLC. Digital Media Invention (DMI) is an intellectual property and patent portfolio management and licensing firm. DMI has several patents and intellectual property rights for products and services related to consumer goods, electronics, and digital media distribution. They developed a methodology for searching, negotiating, acquiring, enforcing, and licensing intellectual property and patent rights.
Nick Arroyo, President, and CEO of Vault Technology said, “We are excited to be able to add Digital Media Invention and their patent portfolio to our groups operations. This acquisition will form the basis of our technology solutions group as previously announced. Their proven process for capturing, acquiring, and licensing intellectual property will be of tremendous value to our technology solutions unit.”
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