Astra Energy Inc (ASRE)

[pioneertec]

IMO, Excellent PR and great work by The Astra management team for executing this agreement. You can bet your sweet ass that this multinational corporation vetted the HES unit up and down and side to side before entering this agreement with an initial $1,000,000 deposit.
On June 03, 2024, Astra Energy Inc. (the “Company”) through its subsidiary A-HES Power Co. have entered into a Joint Venture Agreement (the "Agreement") with a multinational corporation (the "Client"), collectively (the "Parties")

The Company has received a $1,000,000 deposit towards the manufacture and installation of a one-megawatt Holcomb Energy Systems Inline Power Generator as a pilot unit with the intention that it will lead to further business.
In consideration of the Agreement:

The Client will retain the non-exclusive right to engage in the resale of products and services to the end user for use in the digital coin mining, cryptocurrency, and data center marketplace.

The Client will pay a license fee of $50,000 per megawatt for each project to a maximum of $500,000 per project to be paid upon delivery and a 5% Royalty of the cost of goods installed upon delivery. For this pilot system the license fee will be waived.

The Parties have agreed to a confidential split of the gross revenue derived from the power savings and/or power magnification.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1231339/000147793224003518/asre_8k.htm