Business
CSS Announces Licensing Deal with Mammoth
CSS Announces Licensing Deal with Mammoth.
About this update from Roadside Real Estate Plc
[{"type":"text","content":"\n\nBarkby Group PLC\n \n(\"Barkby\" or the \"Company\")\n \n \nCambridge Sleep Sciences Announces Licensing Deal with Mammoth\n \n \nBarkby (AIM: BARK) announces that its subsidiary, Cambridge Sleep Sciences, (\"CSS\") the science-based sleep technology business behind SleepEngine®, has granted a five-year global license, (the \"Agreement\") to Mammoth International Ltd., (\"MIL\") enabling it to manufacture a Smart Mattress using CSS's SleepEngine® platform.\n \nUnder the terms of the Agreement, MIL will incorporate CSS's sleep technology into a new Smart Mattress product line it has developed. For each CSS-enabled mattress MIL produces, it will pay CSS a royalty of £75 per single mattress and £150 per double mattress.\n \nMIL's Smart Mattress product line will be launched at the end of September with manufacturing commencing within the next six months. It expects to produce approximately 5,000 mattresses in the year following launch.\n \nDr Julian Stone, CEO of CSS, said: \n\"We're delighted to be working with Mammoth, helping it to enhance its product range with a new Smart Mattress. Mammoth has strong credentials, particularly in specialist health and sport mattresses and our technology is a natural extension of their design ethos.\"\n \nSleepEngine® technology has been developed and refined over more than a decade by a team of researchers, scientists, sound and medical experts. The result is a unique audio solution that helps to retrain the brain to restore healthy natural sleep patterns, a key component for mental, physical, and cognitive wellbeing. SleepEngine® technology offers a unique integration opportunity with existing or new third-party products capable of delivering high quality audio.\n \nMammoth International Ltd is a new UK based subsidiary of the Mammoth Comfort Group set up to take advantage of new technologies at the medical end of mattress design.\n \nCSS remains in advanced negotiations with several household names on a number of new multi-year enterprise licensing deals for its SleepEngine® technology. Further announcements will be made as soon as practicable when these licences are signed.\n \n- Ends -\n \nFor more information\n \n\n\n\nBarkby Group plc\nCharles Dickson, Executive Chairman\n \n\n\nc/o Montfort\n\n\...