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Brink's Announces Brand Licensing Agreement With Moni Smart Security


Monday, 26 Feb 2018 

Feb 26 (Reuters) - Brinks Co ::BRINK’S ANNOUNCES BRAND LICENSING AGREEMENT WITH MONI SMART SECURITY.BRINKS - MONI WILL HAVE EXCLUSIVE USE OF ALL BRINK'S TRADEMARKS RELATED TO RESIDENTIAL SMART HOME & HOME SECURITY CATEGORIES IN U.S, CANADA​.BRINKS CO - ‍ENTERED INTO AN EXCLUSIVE TRADEMARK LICENSING AGREEMENT WITH MONI SMART SECURITY​.BRINKS CO - ‍BRINK'S WILL RECEIVE MINIMUM AND GROWTH-BASED ROYALTIES THAT WILL INCREASE OVER TIME AS BRINK'S HOME SECURITY BRAND IS REINTRODUCED​.BRINKS CO - ‍FIRST-YEAR ROYALTIES ARE EXPECTED TO TOTAL APPROXIMATELY $5 MILLION​.BRINKS CO - ‍ROLLOUT OF BRINK'S HOME SECURITY BRAND EXPECTED TO BE COMPLETED IN Q2 OF 2018​.BRINKS - ‍ DEAL PROVIDES FOR INITIAL TERM OF 7 YRS, ALLOWS FOR SUBSEQUENT RENEWAL PERIODS, SUBJECT TO CONDITIONS, THAT EXTEND AGREEMENT BEYOND 20 YRS​. 

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