Value Microcaps Free-For-All

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kozuh, it is a royalty on each dryer sold with the new tech. Plus they will get royalties on the kits to retrofit existing dryers.

From 8K:

On January 3, 2005, DRYCLEAN USA, Inc. (the "Company") entered into a
Patent License Agreement with Whirlpool Corporation ("Whirlpool") in which the
Company granted Whirlpool an exclusive license until December 31, 2008 and
thereafter a non-exclusive license to make and sell laundry appliances
incorporating the Company's patent applications and other intellectual property
related to fabric treatment technology for improving the drying and refreshing
of garments in home clothes dryers. In consideration for the grant of the
license and to reimburse the Company for its time, effort and development costs,
Whirlpool is to pay the Company a $350,000 fee. In addition, Whirlpool is to pay
the Company a per unit royalty for dryers using the licensed technology that are
sold during the three year period following the first sale following commercial
production of dryers using the license technology, as well as a to-be-negotiated
royalty with respect to the sale of licensed after market kits (to retrofit
existing home dryers) for which the Company has retained marketing rights but
granted Whirlpool a non-exclusive license.