MIPS acquires the brand GlideWear and the associated patent rights
MIPS, the world leader in brain protection systems within helmet-based safety, has today entered into an asset purchase agreement to acquire the brand GlideWear and the patent rights associated with the GlideWear technology owned by Tamarack Habilitation Technologies, Inc. (“Tamarack”).The purchase price amounts to approximately USD 1 million, payable in cash. The closing took place in immediate connection with the signing of the asset purchase agreement. The acquisition of the unique GlideWear technology is an important step in MIPS’ ambition to continue to develop and broaden its