BioExx Specialty Proteins Ltd BIXZF

contract with Helm - Global Distribution Agreement

[gadfly222]

Can anyone comment on this 'Target Purchase Agreement ' with Helm .. and the consequences of BXI NOT meeting the desired 2,000 metric tonnes of Isolexx/Advantexx per year from Saskatoon??????? Would this be a 'deal breaker', if BXI does not meet their obligations is my concern...

comments??

"The Company is also pleased to announce that it has completed its first commercial sale and shipment to Helm AG. This shipment, while less than 1 metric tonne, has been delivered in accordance with a Target Purchase Agreement for 2,000 metric tonnes of Isolexx/Advantexx per year from Saskatoon, which has been recently executed between the Company and Helm under the terms of its Global Distribution Agreement.

In fulfilment of that Agreement, the parties will work together on rolling 90 day forecasts to determine shipment volumes based on customer demand and production capacity on a monthly basis.

Shipment volumes will rise once early stage extensive required pre-shipment product testing is reduced, resulting in inventory holding periods dropping from three weeks to one week.

https://www.bioexx.com/index.php?option=com_content&view=article&id=282:bioexx-signs-product-develpment-and-sales-licence-agreement-with-century-foods-international&catid=43:news&Itemid=83