Replies to post #42153 on Quantum Materials Corp. (fka QTMM)

[X27RAY]

I didn't see anything about any mild stone date for example solar just the old ones that never happened or am I blind

[dockzef]

3.2 Success Fee. Upon the occurrence of a Liquidity Event, Licensee shall pay Rice a Success Fee of US $700,000.00 (SEVEN HUNDRED THOUSAND US DOLLARS) dollars due within 5 business days of the Liquidity Event.


Rice and Licensee are responsible for notifying each other promptly of any infringement of Rice Intellectual Property or any misappropriation of Rice Confidential Information or Rice Technical Information that may come to their attention. Rice and Licensee shall consult one another in a timely manner concerning any appropriate response thereto.

Licensee shall demonstrate a working model of a thin film quantum dot solar cell product using Rice Intellectual Property by April 30,2010. This working model shall achieve 6% efficiency at a manufactured cell cost of <$1.50/Watt,and have a consumer warranty regarding product lifetime performance comparable to existing photovoltaics. COMPLETED

Licensee shall offer for sale solar cells incorporating a Rice Licensed Product on or before January 30, 2015.

(l) Licensee shall bring a 100 Megawatt volume production facility for solar cells on stream by April 30,2016.

[lineman68]

That is a big cookie Trev, I like the news. Pretty incredible and much quicker than I had anticipated plus on a scale that is hard to fathom.