FuelCell Energy Inc (FCEL)

[krays]

Max, let’s start out by reviewing the POSCO, license agreement and exclusive rights to manufacture, install, and service MCFC’s for power generation in the Asian market.
We know which patents are included in the POSCO deal but not the Exxon deal just yet. We also know that there has been an ongoing dispute regarding technology transfer.
The Exxon license has specifically different application language regarding the carbon capture configurations and we know that patents have been issued regarding CCS since the POSCO agreement was signed. I would welcome a differentiation discussion from the board here.
I believe that the initial $10m is the tip of the iceberg, just like it was for POSCO. We know that Exxon has provided advanced technologies revenue on an ongoing basis since they entered into the collaboration agreement with FCEL.
Perhaps Exxon will need enough carbonate cells configured for carbon capture that they will need the capacity of both manufacturing facilities? Perhaps there is a resolution in the works where both parties will benefit from
ExxonMobil involvement?
Not really an opinion and mostly speculation on my part.


http://legacy-assignments.uspto.gov/assignments/assignment-pat-29731-562.pdf

The Cell Technology Transfer and License Agreement gives POSCO Energy the rights to manufacture molten carbonate fuel cell (MCFC) components in South Korea based on DFC technology and grants commercial rights to Asian markets. The agreement harmonises two prior license agreements so that POSCO Energy has rights to manufacture the entire carbonate DFC power plant.

The initial payment of $10 million was received on November 1, 2012. (Sound familiar?)

http://d18rn0p25nwr6d.cloudfront.net/CIK-0000886128/68bb9e77-509d-4b44-8aeb-dbbcb9a1a5de.rtf