Research and Development Agreements. Schedule 4.17(c) identifies each sponsoring, research and development or other agreement entered into since January 1, 2004 (whether expired or currently in effect) pursuant to which any Seller Party or the Affiniti Companies has sponsored or otherwise collaborated in the research and development of Proprietary Rights.
Research and Development Agreements. The Support and Development Agreement will also specify mechanisms (whether through the JSC or otherwise) to maintain coordination of all development activities of the Parties for Products in the Field and to address concerns that either Party may have that development activities within or outside the Territory could adversely affect the Product in the other Party’s territory.
Research and Development Agreements. (a) This sub-clause (a) applies to agreements for research into and/or development of Gas Turbine or Steam Turbine technology:
Research and Development Agreements. In December 1999, the Company extended its development contract with Pirelli Cables and Systems, a stockholder of the Company, to jointly develop high temperature superconducting cable wires. Pirelli agreed to provide the Company with up to $13,800,000 in additional funding over the five-year period between October 1, 1999 and September 30, 2004. $3,500,000 of that funding was recognized as revenue in fiscal 2000, of which $2,500,000 was for R&D work performed by the Company prior to the effective date (October 1, 1999) of the latest Pirelli agreement. The Pirelli alliance was originally established in February 1990; in the 11-year period between 1990 and March 31, 2001, the Company received development funding of approximately $21,600,000 from Pirelli. In fiscal 1998, the Company entered into research and development contracts with Asea Xxxxx Boveri (ABB) and EDF, an affiliate of which is a stockholder of the Company, to develop HTS wire for power transformers. The ABB and EDF agreements, each of which called for the payment of $5,000,000 in development fees to the Company over four years, were terminated in April 2000, with ABB having paid a cumulative total of $4,350,000 and EDF $4,450,000. The Company recorded revenues under these contracts as follows: 2001 2000 1999 ---------- ---------- ---------- Pirelli................................... $2,000,000 $4,250,000 $2,000,000 ABB....................................... -- 1,050,000 1,025,000 EDF....................................... -- 1,050,000 1,600,000 ---------- ---------- ---------- $2,000,000 $6,350,000 $4,625,000 ========== ========== ========== Future funding commitments under the Pirelli contract are $8,300,000 through September 2004. At March 31, 2001, $1,750,000 due under the development contract with Pirelli was included in accounts receivable, of which $1,250,000 was classified as long-term. In March 1996, the Company entered into a strategic alliance with the Electric Power Research Institute (EPRI) to develop and commercialize a possible next-generation HTS wire. This agreement ended on March 31, 2000. In March 1996, under the first phase of the agreement, the Company granted a warrant for 100,000 shares of common stock to EPRI at $14.00 per share which became exercisable over a five-year period following the date of grant. In March 1998, under the second phase of the agreement, the Company granted to EPRI another AMERICAN SUPERCONDUCTOR CORPORATION NOTES TO CONSOLIDATED STATEMENTS--(Conti...
