Agreed with the more sober takes - it’s not unequivocal good...

Agreed with the more sober takes - it’s not unequivocal good news, it’s most akin to a MOU. Also doesn’t show the terms of the licence (one off payment or ongoing royalties? If royalties, at what rate?)

also says tech developed during the program - what about rights to the underlying tech?

There’s heaps of lessons of tiny companies going ballistic on announcements like this with global companies but the end result being both walking away. The most recent I that comes to mind is Fast Brick Robotics and Caterpillar. Many more of these types of agreements are signed than are actually executed on or followed through.

the share price will pop hard today and in the next week then drift down over the next few months - feel free to bookmmark this and check down the track