Sonomax Technologies Inc. reported that it is making significant progress in adding to its pipeline of intellectual property and that the company is successfully expanding its relationship with ValueLink Holdings Ltd., to bring its new technologies to market. ValueLink has been working with Sonomax to validate the company's existing portfolio of intellectual property and during this process, Sonomax has reorganized itself to focus directly on R&D initiatives. As the companies have continued to work together, ValueLink has been able to generate increasing interest in Sonomax IP and R&D across multiple industries.

Due to this increased interest and opportunities, Management has decided to broaden its exclusive relationship with ValueLink by forming a joint venture whereby ValueLink takes over the role of exclusive sales and marketing partner, including maximizing the value of the current patent portfolio. In its expanded role, ValueLink will also work directly with Sonomax management to identify and validate market opportunities, develop marketing strategies for Sonomax R&D, and negotiate with third parties for the licensing, sale of or investment in Sonomax's future IP development. Sonomax management has reported that ValueLink has already begun introducing Sonomax R&D to industry OEMs and ODMs around the globe, as well as to retail markets.

In the terms of the new agreement, ValueLink has deferred its retainer and other normal forms of compensation and agreed to base its compensation solely on performance.