I had totally forgotten about this. Now there is some good reason for speculation. What happens after it expires? How many years are we into the PLA? What major contracts have we landed in that time? How much revenue have we generated in that time? It almost seems like it's by design. Hmmm. All we can say is that Prof. Li has a huge investment here, and If he just sent some business our way he could make millions upon millions. For sanity's sake, I am going with that argument.
Directly from the PLA between LQMT & Eon: "7.1. Term. The term of this Agreement commences on the Effective Date and shall continue in perpetuity unless the Parties mutually agree to terminate the Agreement or unless terminated earlier as set forth below."
The PLA lasts forever or until cancelled by either party.
The 5 years is the "Joint Development Period" not the PLA. This is where the companies work together to develop new materials (ie LM106C) to be used by both companies. And this can be renewed.
You should try actually reading the document before posting about it.
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