FuelCell Energy Inc (FCEL)

[Maximilliano]

License Agreement with EMRE

EMRE and FuelCell Energy began working together in 2016 under an initial joint development agreement with a focus on better understanding the fundamental science behind carbonate fuel cells for use in advanced applications and specificallyhow to increase efficiency in separating and concentrating carbon dioxide from the exhaust of natural gas-fueled powergeneration.

In June 2019, we entered into a license agreement with EMRE to facilitate the further development of our SureSource CaptureTM product (the “EMRE License Agreement”). Pursuant to the EMRE License Agreement, the Company granted EMRE and its affiliates a non-exclusive, worldwide, fully-paid, perpetual, irrevocable, non-transferable license and right to use our patents, data, know-how, improvements, equipment designs, methods, processes and the like to the extent it is useful to research, develop and commercially exploit carbonate fuel cells in applications in which the fuel cells concentrate carbon dioxide from industrial and power sources and for any other purpose attendant thereto or associated therewith, in exchange for a $10 million payment.
https://s21.q4cdn.com/256256048/files/doc_financials/annual_report/FuelCell-AR2021.pdf