SOURCE: Foresight Science & Technology, Inc.

Foresight Science & Technology, Inc.

September 20, 2010 09:00 ET

Foresight Opens South American Franchise

PROVIDENCE, RI--(Marketwire - September 20, 2010) -  Foresight Science & Technology Incorporated announced today that it has signed a franchise agreement with NEOS, Inc. of Santiago, Chile to bring Foresight products and services to the South American market. "Brazil is only the first of the South American countries to make the leap into the high tech global economy," said Foresight CEO Phyl Speser, J.D., Ph.D. "Together with our franchises in Canada (Vista) and the European Union (O2), the opening of operations in South America through NEOS is another demonstration of Foresight and our partners' capabilities to play a major role in global trade in technology and intellectual property."

NEOS Founder Allan Jarry stated: "By becoming a Foresight franchise we can offer universities, companies, and governments in South America access to a global network of experts and contacts that synergistically complement our own capabilities for acquiring and licensing technology on the one hand and for conducting major economic development initiatives on the other. We all are linked by state of the art telecommunications technology and collaborative workgroup tools that mean timely, cost-efficient, and effective delivery of services that no other company in South American can provide. Foresight and its franchises offer market research, deal-making, IP management, and other services related to the global trade in technology. Being a part of this dynamic team will positively improve our service portfolio while providing us the necessary tools for increasing the economic competitiveness of the region."

Foresight Science & Technology, Providence, RI, is one of the largest firms globally in specializing in technology marketing and commercialization. Founded in 1980, the company supports customers around the world directly and through its franchisees. The company has an over 40 person team supporting technologies in all fields of science and technology and finding application in almost all sectors of the global economy. The company has three main product families: market and technology assessments, deal-making and consulting services (which includes outsourced operations of corporate and university technology transfer and licensing offices); and web services (which includes databases and other resources). Practice Areas include Medical/Veterinary/Biotech; Energy and Environment; Defense/Aerospace/Transportation; Chemicals and Materials; Agriculture/Aquaculture/Forestry; and Computers/Telecommunications/IT. Customers include: Fortune 500 companies, governments, universities, research hospitals and institutions, and small to mid-sized companies. For more information see, contact Norton Kaplan at 401.273.4844, ext. 19, or email

NEOS is a private innovation management consultancy in Santiago, Chile. Originally spun out of the intellectual property firm Estudio Harnecker in 2003 as a technology brokerage, today NEOS has developed into a key regional player in stimulating R&D growth between the principal actors of innovation: universities, industry, and government. Principal services include: securing IP protection for innovative developments, project and portfolio assessments and management, technology licensing and commercialization, technology scale-up and finance seeking from both public and private investment sources, and innovation consultancy. NEOS was responsible for the creation of, the first Open Innovation portal directed towards knowledge providers in Latin America. For more information please see, contact Nathan Young at +56 2 953 8162, or email at

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