High Wire Networks Inc (HWNI)

[Ecomike]

MVTG Fuel cells.... and Ballard's news :

Transfer of Automotive-Related IP
Ballard will transfer the automotive-related portion of fuel cell IP assets previously acquired from United Technologies Corporation, in return for payments from Volkswagen Group totaling US$50 million, a majority of which is expected to be received at the closing of the transaction during the current quarter. The remainder is expected to be received in early 2016.

Ballard will retain a royalty-free license to utilize the IP transferred to Volkswagen Group in bus and non-automotive applications as well as for certain limited pre-commercial purposes in automotive applications.

Extension of Engineering Services Contract
The transaction also includes a 2-year extension, through March 2019, of the existing long-term engineering services agreement signed by Ballard and Volkswagen in 2013.

This extension has an incremental value estimated at C$30-50 million (approximately US$24-40 million). Over the full 6-years, the contract has an estimated value of C$100-140 million (approximately US$80-112 million), and also includes a further optional 2-year extension.

Ballard’s ongoing engineering services contract with Volkswagen Group involves the design and manufacture of next-generation fuel cell stacks for use in the demonstration car program.

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Nothing in that PR precludes Ballard and VW from switching to the MVTG fuel cells, and that PR demonsrates the revenue potential of MVTG in engineering and R&D services sector for the ERC and MRFC MVTG products!!!

MVTG has already demonstrated that MVTG can attract and close large revenue contracts for R&D and engineering services with top international firms like Alstom-GE!!!!