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Posted On: 11/19/2018 12:12:07 PM
Post# of 22467
This is the document - Final Approval - that Jamis first posted a month or so ago.
http://meity.gov.in/writereaddata/files/Final...2.2018.pdf
There are a total 4 milestone payments. I don't know if the $1Million upfront license fee received today is the first.
Quoting the PR:
Under the terms of the Agreement, QMC receives an immediate upfront license fee of US$1,000,000 in addition to technology development funding, scheduled milestone payments and royalties on all quantum dots/solar cells produced.
Mr. Balchin states there is an additional $20million investment for infrastructure.
Dr. George Anthony Balchin, Managing Director of Amtronics CC added, “We are pleased to be involved and provide the initial US $20,000,000 in funding for this enterprise and are anxious to see these extraordinary technologies deployed in a region that will benefit from both the end product as well as the significant potential for job creation. The initial capital infusion will be used to build out the facility, purchase all the production and process equipment, including the micro reactors, train the staff and provide the initial working capital.
This is completely funded. Looks like it is set for LED manufacture/research and Solar Cell R&D and production. Those are the focus of the Assam video.
http://meity.gov.in/writereaddata/files/Final...2.2018.pdf
There are a total 4 milestone payments. I don't know if the $1Million upfront license fee received today is the first.
Quoting the PR:
Under the terms of the Agreement, QMC receives an immediate upfront license fee of US$1,000,000 in addition to technology development funding, scheduled milestone payments and royalties on all quantum dots/solar cells produced.
Mr. Balchin states there is an additional $20million investment for infrastructure.
Dr. George Anthony Balchin, Managing Director of Amtronics CC added, “We are pleased to be involved and provide the initial US $20,000,000 in funding for this enterprise and are anxious to see these extraordinary technologies deployed in a region that will benefit from both the end product as well as the significant potential for job creation. The initial capital infusion will be used to build out the facility, purchase all the production and process equipment, including the micro reactors, train the staff and provide the initial working capital.
This is completely funded. Looks like it is set for LED manufacture/research and Solar Cell R&D and production. Those are the focus of the Assam video.
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