Joseph A. Talalay, the inventor of foam rubber, announced today that he had assigned his patent rights in Israel to the Israel Institute of Technology. The internationally-known rubber authority received a consideration of one dollar from the Institute.
Jacob. Mark, of New York, a director of the American Society for Technion-Israel Institute of Technology, accepted the papers of assignment from Mr. Talalay at his home here, on behalf of the Israel engineering university, which is located in Haifa.
Mr. Talalay, after signing over the patent assignment papers to the Technion, declared: “I am extremely happy to assign the patent rights in Israel of foam rubber to the Israel Institute of Technology. In doing so, I hope that the production of foam rubber as a new and important industry in Israel will be encouraged, and that the royalties of my invention which will be made available to the Technion will strengthen science and technology in Israel.”
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