Performance Sports Group (PSG) Tops Q1 EPS by 2c
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Performance Sports Group (PSG) Acquires Perpetual, Exclusive License from Q30 Sports in ~$25M Deal
October 15, 2015 8:18 AM EDTPerformance Sports Group (NYSE: PSG) announced its acquisition of an exclusive perpetual, worldwide license from Q30 Sports, LLC ("Q30 Sports") to use its patent and technology assets in the development of products intended to address the important issue of mild traumatic brain injury ("mTBI") in sports and athletic activities.
Performance Sports Group acquired the license to the applicable patent and technology assets for US $7.0 million with future payments of up to US $18.0 million if certain product development and sales milestones are achieved. Performance Sports Group also made a $1.0 million equity investment in Q30... More
