RE:RE:HPQ PLANSidewindergo wrote: Yes, except Pyro only gets 33.3% of the PozGlass business if successful as opposed to 50% for HPQ.
Im not aware of theres a similar royalty arrangement though.
PYR gets 10% royalty of the sales from Purevap NSiR, 10% royalty for HPQ Polvere (fumed silica) and 10% royalty of Purevap QRR .
Only the 10% royalty of Purevap NSiR and 10% royalty for HPQ Polvere (fumed silica) can be converted at anytime to 50% equity ownership of that JV.
Purevap QRR is solely owned by HPQ with no option to convert to ownership by Pyrogenesis