So what's the big deal about someone producing a 1

So what's the big deal about someone producing a 15.1% PQD solar cell in the lab?

The claim that I remember from 2 years ago was that QMC's patented QD solar cell was already over 15% in the lab, since QMC would probably not have signed the India Agreement in November 2018 with the 15% milestone/penalty unless they had already achieved it in the lab.

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Just saying, if I'm accepting a penalty for not meeting a certain efficiency, I'd want to make sure we already exceeded 15% in the lab model. Then you just have to be confident that we can scale up to production level and maintain the 15% or greater efficiency.

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Licensor is obligated to continual to improve and optimize their patented quantum dot solar cell technology and to achieve a peak solar cell conversion efficiency of 15% on or before the 18th month following execution of this agreement. If licensor does not achieve this target performance within this time frame the licensee will deduct and accrue 10% from the total amount of royalties owing until such time the target performance is achieved. Once the target is achieved the accrued royalties will be paiod to licensor.

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