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Re: Jonnyo07 post# 64828

Monday, 10/21/2013 6:54:33 AM

Monday, October 21, 2013 6:54:33 AM

Post# of 281836

...how is this agreement different from the one with SSM?

BIG difference,
The agreement with SSM was an MOU, not binding on either side, no money involved.
This is a Signed Joint development agreement.
It is a binding document.
There is no mention of money in this release, but be advised that Warwick has just won a major ($94+ million) contract with the US military for the development of concealable body armor.
It is likely that KBLB will be getting a share of that money via this agreement.

This Signed Agreement foreshadows Revenue!

Mike L.

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