SLX 1.87% $5.17 silex systems limited

signs major deal with ge, page-3

  1. 8,265 Posts.
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    re: slx signs major deal with ge theyhave hitched their wagon to GE...and its an exclusive agreement with payments based on certain milestones and royalties of 7% for ongoing use of its technology.

    $5m within 30 days

    $15m withing 4 months

    followed by another $35m subject to certain milestones.

    that money should allow further development of the product.

    Like to know how much the 7% royalty would be worth on future sales???

 
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