FuelCell Energy Inc (FCEL)

[krays]

Doesn't take much capital to receive licensing fees and royalties from POSCO.
The "module procurement" agreement will lead to direct product sales to POSCO.
Nothing but good news in the latest agreement.

The Company receives license fees and royalty income from POSCO Energy as a result of manufacturing and technology transfer agreements entered into in 2007, 2009 and 2012. The Cell Technology Transfer Agreement we entered into on October 31, 2012 provides POSCO Energy with a technology license to manufacture SureSource power plants in South Korea and the exclusive market access to sell power plants throughout Asia.

https://www.sec.gov/Archives/edgar/data/886128/000088612817000012/fcel-2017131x10q.htm

Amended agreement here

https://www.sec.gov/Archives/edgar/data/886128/000088612817000014/form8-k3x21x2017.htm