RE: Royalty payment from the mainland Asia plant?I think that IBR gave away the China deal just so that they could get the first non-corporate plant built. China probably doesn't pay anything for royalties, and if they were supposed to... how could you exect to collect reliably?
Forget it. The Chinese deal was done to get a deal done. Now IBR has something tangible to show the world. When it comes to building additional Chinese plants, well, forget that as well because the Chinese are great at reverse-engineering so they'll do what they've always done. This was from the April 26, 2004 IBR news release....
“Once fully-operational, the plant in China will serve as a key reference account for IBR as we pursue new business. While this type of transaction will provide an important source of revenue in the future, in the near-term we remain focused on accelerating opportunities in our pipeline that can lead to sales of our higher margin technology licenses.”
Hows that for NEGATIVE?