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Vidiation Terminates MOU with Rad Detection Technology Firm AFR

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Advanced Fuel Research, Inc. (AFR), a research and development firm, says its Memorandum of Understanding (MOU) with Vidiation, LLC, related to the development and licensing of AFR's software that can be integrated with video surveillance cameras to be used as detection devices for the movement of radiological material, has been terminated. The termination is due to Vidiation's recent cross selling and licensing agreement with Splinternet Holdings [SLNH], which claims to have developed a competing technology, Michael Serio, president of AFR,…

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