Posted on 5/29/2020
Outbound Engineering Group LLC, Seattle, Wash., has taken ownership of the intellectual property and equipment of marine propulsion system specialist Nautican Research & Development Ltd, and will continue the Nautican marine product line as Nautican Research & Development Ltd, USA, with new ownership and management.
The former Nautican Research and Development Ltd was the subject of recent bankruptcy proceedings.
The intellectual property acquired includes the Nautican name, branding, product designs, engineering, patents, research data, production methods, trade secrets and customer profiles.
Outbound Engineering Group’s president, David Dumont, P.E. said the Nautican product...