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Thursday, December 26, 2013 9:50:13 AM
"Awards" are given by the government to fund research and development of a technology. Through the Phase 1 and 2 Process.
"Contracts" are commercialization contracts through which the product is purchased.
Another revenue stream that might be involved, from looking at the financials, is units produced during the R & D phase for whomever...which I belive would be bought seperately and not be considered part of the R & D Award amount.
Say...The National Science Foundation wanted 6 pumps to check the spray charecteristics... I belive they would buy those.
IMHO
Im reading the update and it appears there is aan Army contract that will be signed on Dec 31st..but they also mention that they secured a contract as a subcontractoe for the JP-8... That sounds like a signed deal..but no details have been provided as yet.
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