I Synergy Group Limited announced that it has signed a Research Agreement with the University of Western Australia (UWA) to establish a sponsored research project. The Research Agreement has been entered into to develop unique software systems and seek available CRC-P grant funding. Material terms of the Research Agreement are as follows: Total project cost to be borne by the company, payable to UWA, is $49,487 (excl GST), payable in two instalments: a. $20,000 on or before 31 May 2022; and b. $29,487 pm or before 30 April 2023; Intellectual property developed during the course of the Research Agreement will be the property of the company and the company has the rights to commercially exploit such intellectual property; the Company agrees to grant UWA a royalty free licence to use the intellectual property developed provided it is for non-commercial use and does not interfere with the use by the company; UWA to produce CRC-P grant applications, academic reports, scientific reports and papers to support any patent applications for the benefit of the company; UWA to provide the personnel noted above plus any other personnel deemed appropriate or necessary; the company to be responsible for any incidental costs and expenses; and standard warranties and terms in relation to fitness for purpose, termination and confidentially are included.