License and Patents
LIT is the exclusive licensee to globally protected Intellectual Property, developed by D&D Manufacturing LLC (D&D), over a range of polymer composite products. These are manufactured using proprietary bespoke manufacturing processes that enable the production of very large engineered surface area parts in a single automated process. D&D is the majority shareholder in LIT.
LIT is exclusively licensed to manufacture and supply the Concentrated Solar Multi-Effect Distillation modular units and other products such as the absorption cooling systems in all Global Regions initially with a view to expanding manufacturing footprints as customer and regional demand requires.
LIT manufacturing is protected by worldwide patents related to D&D’s manufacturing process, developed over the past 15 years by a highly experienced and proven team of plastics product and process design engineers. The intellectual property owners and developers have in excess of 30 patents already granted over successful products and manufacturing processes in the polymer manufacturing field. LIT will take advantage of the latest evolutions in these proven products and processes. More than USD$1.5M has been invested by D&D in the bespoke tooling being supplied to LIT for its production facility.
All LIT companies’ Intellectual property is also protected either via patents or by trade secrets depending on best fit determined by the respective senior management teams.
Low Impact Resources (LIR) will leverage off these technologies and engage with other disruptive partner companies within their chosen fields in order to create a collective that enables a full vertically integrated solution provider that can fully exploit opportunities that arise due to environmentally compatible water management and cooling systems LIT produces.