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???
signs major deal with ge, page-3
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