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Re: krays post# 3882

Thursday, 08/10/2017 12:49:06 PM

Thursday, August 10, 2017 12:49:06 PM

Post# of 59534
Left out this part.

Also, the Company’s multi-year kit order with POSCO Energy concluded at the end of fiscal year 2016 and, as a result, the Company does not expect to recognize product sales revenue at the levels previously recognized from POSCO Energy during fiscal year 2017.
......................

In addition, the 2017 MOU contemplates entering into a module procurement agreement with POSCO Energy that the Company anticipates will provide that POSCO Energy will commit to a specified level of module purchases from the Company to supplement its own local manufacturing for servicing its existing fleet. Definitive agreements are expected to be finalized in autumn 2017.

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