NanoPeak and $PBIO have agreed in principal to a long-term collaboration that both companies believe will be mutually-beneficial; to that end, the companies have agreed that the initial down payment for the purchase of the BaroShear K45 system will be paid to PBI in cash with the balance of the purchase paid in NanoPeak Solutions, Inc. common stock, thus binding the companies together in a way that will go well beyond the typical customer-vendor relationship.
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