"In light of the upcoming expiration of the term of the JDA, which will occur on March 31, 2024 unless further extended by the
parties, EMTEC and the Company are currently in negotiations regarding an extension of the term of the JDA and the addition
of certain new commercial terms to the JDA. However, there can be no assurance that the Company and EMTEC will be able
to successfully negotiate an extension of the JDA and such new commercial terms, that the Company and EMTEC will be able
to successfully negotiate a subsequent or follow-on commercial agreement, or that the engineering and construction of the
pilot project at the Esso Nederland B.V. Rotterdam Manufacturing Complex will continue if no such extension or agreement is
executed"
coming down to the wire...good deals are signed quickly...fair deal are signed quickly...crappy offerings take a lot of negotiating and go down to the wire because no one wants to say yes to a crappy deal right away...
lets face it, fcel takes way too long to fulfill their fancy projects and they always end up costing far more than anticipated...and sometimes never even work as advertised...
the ideas seem solid...the products seem to work...most of the time...but its building them and getting them up and running in a reasonable time frame within budget that seems to be a challenge...if Exxon thinks they can do better, and i have to think they can, they will either offer to purchase fcel at a bargain basement price or set them free and just do it themselves...
and fcel will have to do what i have been saying for years...they will have to concentrate on doing what they do best...fuel cells...
once nuclear starts to take off whether its big facilities, small modular reactors or when nuclear fussion kicks in, there will be huge money to be made with them...but only if you are the big boy on the block...which they are not and never will be as long as they keep trying to ride Exxon's coattails...
