Ann: Exclusive Worldwide Agreement with Sharrow Marine, page-11

By Brad Miocivech's own admission on the call "We needed to do something otherwise we knew the propeller business could be undermined". What this means is a. they are well aware the existing VEEM patents are running out and others can use the technology in their propellers and b. all competitors have caught up in terms of manufacturing technology (VEEM's is ~15 years old now and out of date in areas). For shareholders this agreement doesn't yet show how there will be significant growth and hence returns for shareholders. What it does demonstrate is that the desire to maintain the existing market share, that is smart but doesn't provide meaningful growth alone.