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Wednesday, May 06, 2020 10:30:08 AM
We have a very well defined and published revenue sharing agreement with Euctrix which says LQMT gets 6% or 12% licensing fee for any product sales depending upon who initiates the sale...
If we assume that agreement didn’t materialize from thin air, I’ll propose that it was modeled after the less publicized agreement with Eontec/Yihou. If that is the case, the $25k licensing represents our piece of attributable sales in the $200k-$400k range. It could be parts for Tesla or various other small applications destined for North America or Europe.
I look at it as a significant starting point that confirms the existence of a mechanism to compensate LQMT in the future. As the Eontec/Yihou slice gets larger, so will ours...I am encouraged.
Recent LQMT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:11:00 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 08:49:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 09:05:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 10:15:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 10:26:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 08:37:18 PM
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