As most of you know, the WT owns stock of three companies that provide engine technology for the U.S. Navy's Smart War-fighter Array of Re-configurable Modules (SWARM). The "Sister Companies" signed a contract with Advanced Ceramics:
"On April 4, 2002 we announced that we signed an agreement to grant a license to
Advanced Ceramics Research, Inc. ("ACR") for the Rand Cam based motors for 10
H.P. or less for the SBIR No 1-144 Navy Contract for the remote piloted
applications. We agreed that a 5 year contract will also be granted to ACR for
the Rand Cam concept motors for the commercial and military rights for the
applications developed under the Navy contract for 10 H.P or less.
We will receive a royalty fee of 5% of the purchase price for the commercial and
Navy applications. We also receive 30% of the Navy phase I contract and 50% of
the phase II contract which is typically $50,000 to $100,000 for Phase I and
$500,000 to $750,000 for Phase II. Phase I has been completed by Advanced
Now that Advanced Ceramics is starting to turn out some profit, so the WT has started collecting royalties from warfare technology. The circle is closed!
The $500,000 SBIR grant funding the local UAV project will pay off for the Navy, as well as for Advanced Ceramics. "Orders booked in the first quarter are nearly $8 million," Mulligan said. "In less than a year it has really grown to be quite a business."
Shame on this Cult!