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wupsumskul

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wupsumskul

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Friday, 11/15/2019 8:48:09 AM

Friday, November 15, 2019 8:48:09 AM

Post# of 61333
1. ExxonMobil Agreement
FuelCell Energy will provide exclusive research and development work for ExxonMobil to advance the company's carbon capture technology over a two-year period.

The company will be entitled to:

A $5 million upfront exclusivity and technology access fee of $5 million
Research cost reimbursement of up to $45 million
A maximum of $10 million in milestone payments

In addition, ExxonMobil will make an initial advance payment for future research costs of $3.75 million.

So they have money now
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