According to the rules of play, when it comes to signing up a new licensee, ECD, or any company that sells or grants a
license to any company does not have to identify the name
of the company. The agreement is "filed confidentially pursuant to Rule 24b-2". You can find our licensee's in the back of your current 10K, under Exhibits, starting on page 90. A good example is Item #10-28 License Agreement between the Company and a Japanese Battery Manufacturer filed confidentially pursuant to Rule 24b-2. Even those licensee's
that are identified do not use our ECD identity on any of their products. This practice allows every mfg'r to convey
to the public that this is their product, for better, or for worse.
So, Matsushita/Panasonic could indeed become a large battery
licensee under this confidentiality agreement and the public would never know it. That includes you and I. However, the good news is that we do get the royalties.
Please understand, any company can mfg'r pretty well what ever they please without a license. However, providing the technology is protected by a current patent('s) they need to be licensed in order to sell it. Otherwise they are open to potential lawsuits.
We would all like to see our ECD name in lights as much as is humanely possible, so that the public is aware of our
signifcant technologies. But, that's not the way the game is played. The common practice is that each licensee takes the
credit.
The same rules apply to our phase change. Any mfg'r that wishes to use our phase change technology must get permission from ECD before doing so. And, there are a growing number of companies doing so. Our ECD name is never tied in with this technology. Again, that's just the way the game is played. But, we do receive the royalties.
If we were mfg'g our batteries we could take all the credit we wished.
Regards.
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