Chinese TakeoutWith LM spending his time these days mostly "applauding" and "congratulating" others, while the company itself flushes and drains capital to its recurring 52 week lows, it might be time to review the many days when he was in a perpetual state of "excitement", especially about China -- and especially since the equipment can now be retro-fitted with the desperately needed and functional "Covid Spiggot"(patent pending?), no doubt "world-leading" in its "world class" technology.
Sounds like investors clapping with one hand.
Exciting..
Mr. Lynn Mueller, CEO of IWS commented: "We are excited to enter the Chinese market with Beijing Ruibaoli Thermal Technology Co., an industry-leader in the region. Our agreement allows IWS to rely on BRTT's expertise for the deployment of our technology in China while maintaining control of the standards and quality of our products and earning revenues from all IWS products sold in China."
The China License Agreement is structured as a licensing fee that BRTT will pay to IWS for each unit sold in China. BRTT estimates sales of 1,000 PIRANHA units in the first year of the China License Agreement.
Prior to launching the IWS products in China, BRTT and IWS will work jointly to install SHARC and PIRANHA demonstration projects for BRTT's clients. The China Licensing Agreement requires BRTT to guarantee the quality of all IWS products manufactured, marketed and sold in China, conforming to IWS's global quality control standards.
https://stockhouse.com/news/press-releases/2016/11/21/iws-announces-china-licensing-agreement-with-beijing-ruibaoli-thermal
https://stockhouse.com/news/press-releases/2020/10/07/sharc-energy-offers-residents-and-owners-unique-ability-to-detect-presence-of