Optec International Inc (OPTI)

[budfoxfun]

Optimized Fuel Technologies entered into a contract with a nationwide automotive distribution company that desired to purchase the OPTEC™ Fuel Maximizer on a manufacturer direct basis. Over a 3-year period, the contract represents minimum sales in excess of forty million dollars. Whereas the Company owns the exclusive licensing rights to sales of the OPTEC™ Fuel Maximizer; per the Royalty agreement dated August 27, 2018. Although the Company's revenues will be less per the contract, its gross profit is anticipated to be higher as it will not have to be subjected to inventory, quality control, freight and staffing for distribution.

Company Signs Royalty Contract For $10M Revenues Over 3 Year Period https://finance.yahoo.com/news/optec-international-inc-signs-royalty-103000064.html

OPTI