During the Quarter, the Company held a meeting with FortisBC in Canada to finalise the details of the Project Development Agreement and Commercial Framework, including licensing structure, for the British Columbia (BC) Project. The BC Project based in Vancouver, Canada, will develop a commercial scale Hazer plant designed to produce up to 2,500 tonnes per annum (tpa) of hydrogen, a scale-up of 25 times on the CDP. These commercial principles, subject to formal legal documentation, consolidate the commercial framework and allow Hazer to adopt the role of technology license provider in alignment with the business’s “capex lite” model.
Sounds like we're waiting on formal legal documentation..... getting the lawyers to write it up?
Once hazer have "adopted the role of technology license provider" it would seem to flow that they are paid a license fee?
Initial license revenues would be a HUGE milestone!
Bring it on
HZR Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held
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