Based on an earlier presentation - VIV will get 33% of...

Based on an earlier presentation - VIV will get 33% of everything NCF makes via their 1/3 ownership. Here is some penetration scenarios (if you can wait till 2020!) - probably closer to Global Market in this case.


(Remember that VIV used to be called GER in the table above - so if they captured 0.25% of the globe when the commercial plants are rolled out in the year 2020 - you are looking at ~$100 million per year, or 5x the current market cap)