TSXV:MRS.H - Post by User
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poneon Sep 29, 2017 9:12pm
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Post# 26761517
RE:RE:RE:30,000 units/mth * $ 500 unit = $ 15 million per month
RE:RE:RE:30,000 units/mth * $ 500 unit = $ 15 million per monthGoaweigh wrote: I believe they used the term " licensed " which usually means that the licensee ( the manufacturer ) pays the licensor ( that's the Army and MRS ) a fee. If the people who do the R&D and invest millions to get a product to market( Thats the Army and MRS ) don't get paid for it what would be the point.
Don't make me call in The Rev !
This is all old news. The US government held a bid for this product, and the award went to the three low bidders, none of whom were MRS. MRS protested the bid and "won" the following ruling from the US government general accounting office (GAO):
https://www.gao.gov/products/B-411897.2,B-411897.4#mt=e-report
Unfortunately, nothing came of that. The contract award was not changed.
Note the date on the GAO ruling is November 24, 2015. No significant revenue is going to MRS from those 30K units. But the exclusivity in marketing outside the US is significant, and that is the basis for the potential $400M foreign army/police contract.