LSP Technologies, Inc. Enters into Patent Cross-License Agreement with General Electric Company

LSP Technologies, Inc. Enters into Patent Cross-License Agreement with General Electric Company Each Party Gains Rights to the Other’s Vast Laser Peening Patent Portfolio Dublin, OH (PRWEB) March 11, 2011 LSP Technologies, Inc. announced today that it has signed a patent cross-license agreement with GE. The agreement provides each company with access to the other’s extensive portfolio of laser peening patents. Laser peening is a process in which a laser beam is pulsed upon a surface of a metal part, such as an engine fan blade or hip joint, producing a shockwave that travels through
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