Research and Development Agreements Sample Clauses

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 ▇▇▇▇▇ 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--(Continued) warrant to purch...

Research and Development Agreements. Any agreement requiring the consent of a third party to the proposed transaction

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: (i) which are funded (in whole or in part) by government bodies or EC institutions; (ii) which relate to technical fields which fall within both the MGT/IST Business and the Retained Business; and (iii) the parties to which do not already include at least one MGT/IST Company and one member of the Retained ALSTOM Group. The Seller and the Purchaser will co-operate with the objective of ensuring that such agreements are modified (with the consent of the other parties thereto) by the addition as a party of (as appropriate) either an MGT/IST Company or a member of the Retained ALSTOM Group, with such amendments as may be necessary fairly to reflect the respective contribution and interest of both the existing and new parties thereto. (b) For the avoidance of doubt, the Seller agrees that any Intellectual Property owned by the ALSTOM Group created from other research and development into Gas Turbine or Steam Turbine technology carried out by or on behalf of the MGT/IST Business which is in existence at the date of Completion shall be transferred or licensed in a manner which is consistent with the provisions of this Clause 11 and which reflects the applicability of such Intellectual Property to the MGT/IST Business.