BRIEF-Plug Power Inc - On December 30, Co Entered Into a Release Event License Agreement with Walmart

Reuters
Jan 07
BRIEF-<a href="https://laohu8.com/S/PLUG">Plug</a> Power Inc - On December 30, Co Entered Into a Release Event License Agreement with Walmart

Jan 7 (Reuters) - Plug Power Inc PLUG.O:

  • PLUG POWER INC - ON DECEMBER 30, CO ENTERED INTO A RELEASE EVENT LICENSE AGREEMENT WITH WALMART

  • PLUG POWER- UNDER DEAL, CO TO PLACE SOME SOFTWARE, DOCUMENTATION, RELATED MATERIALS ASSOCIATED WITH GENKEY SYSTEM INTO ESCROW FOR WALMART'S BENEFIT

  • PLUG POWER - WALMART TO PAY CO ONE-TIME INITIAL LICENSE FEE UPON CONFIRMATION OF ESCROW DEPOSIT & ANNUAL LICENSE FEE IN ABSENCE OF A RELEASE EVENT

  • PLUG POWER INC - PURSUANT TO LICENSE AGREEMENT, WALMART IRREVOCABLY AGREED TO TERMINATE TRANSACTION AGREEMENT WITH CO, DATED JULY 20, 2017

Source text: [ID:n0001104659-26-001336]

Further company coverage: PLUG.O

((Reuters.Briefs@thomsonreuters.com;))

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