The auto-steering company has announced that it has recently received a notice of allowance from the U.S. Patent and Trademark Office for a patent titled “Integrated Multi-Sensor Control System and Method.&rdquo

The LOI sets forth certain basic terms under which the parties will negotiate a non-exclusive worldwide license to certain AgJunction patents in exchange for a license fee.

AgJunction Inc., a provider of hardware and software solutions for precision agriculture, has purchased the business assets, software, hardware, intellectual property and manufacturing rights of the GAC2 controller product from long term AgJunction supply partner, Forkworks.