The Joint Collaboration Agreement calls for a 3-month Pilot Cooperation Program (extendable for an additional 3 months by mutual agreement). In addition, upon successful completion of the pilot program, UltraCharge will place an initial order of a minimum US$150,000 worth of GQDs for use in LIB anodes. The initial order will be subject to UltraCharge receiving purchase orders of at least $1 million dollars for their GQD enriched anodes.
I like the last bit ONE MILLION purchase order more to come IMO.
