Sure Jay, everyone seems to forget that Sofame itself mentioned the JV.
So this is not something that comes from QEDN/Makmann alone :
John Gocek, Chief Operating Officer of Sofame, said, "The formation of the Joint Venture with QED is the first phase in our long term plans to establish Sofame as a major player in the engineering and manufacturing of high-efficiency direct-contact industrial hot water systems in the United States."
This is ok. Sofame will use QEDN to get a foot on the ground on the States. Good for us and for them. Win-win.