Chris Nelson had paid Cyclone $175,000 last year for a license centered around an exclusive license for the waste heat engine patent. And now the U.S. patent has expired and is worthless.
Q2Power's whole business plan is built around the U.S. market. As Chris Nelson put in an 8K to the SEC:
"We rely primarily on a combination of patents and trade secrets"
The patent protection is gone and trade secrets can be used by anyone once someone reverse engineers one of their engines (assuming, of course, they ever sell one).
I wonder if Harry will give the license fee back...
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