Astra Energy enters joint venture with Powertron for Holcomb power generator sales in waste-to-energy market

Astra Energy, Inc.

Astra subsidiary and Powertron Global to jointly sell Holcomb Energy Systems in-line power generators for waste-to-energy projects.
Revenue split: Powertron 55%, Astra 45% of gross revenue from power savings; Holcomb gets 5% royalty.
License fee $50K per MW per project, capped at $1M; Powertron makes $100K good faith payment to Holcomb.
Powertron arranges financing for equipment owned by Astra; equipment may be secured until financing repaid.
Separate from March 8 JV where Astra assigned Regreen patents for $5M (cash, note, 40% equity in Newco).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Astra Energy, Inc. entered into Joint Venture Agreement with Powertron Global LLC valued at Revenue sharing: 55% to Powertron, 45% to Astra; 5% royalty to Holcomb Energy Systems; $50,000/MW li (effective 2024-03-22).

Action: entry
Agreement: collaboration
Counterparty: Powertron Global LLC
Value: Revenue sharing: 55% to Powertron, 45% to Astra; 5% royalty to Holcomb Energy Systems; $50,000/MW li
Effective: 2024-03-22

Exact text from the filing

On March 22, 2024, Astra Energy Inc. (" Astra " or the “ Company ”) through a subisidary entered into a Joint Venture Agreement (the " Agreement ") with Powertron Global LLC (" Powertron "). Pursuant to the Agreement, Astra and Powertron will partner to sell or resell power and engage on a non-exclusive basis in the sale of the Holcomb Energy Systems LLC In-line power generator products and services to the end user for use in the waste-to-energy marketplace. In consideration of the Agreement: · Powertron Global LLC will receive 55% of the gross revenue from the power savings and/or power magnification; and · Astra Energy Inc. through a subsidiary will receive 45% of the gross revenue of power savings and/or magnification; and · Holcomb Energy Systems LLC will receive a 5% royalty on gross income from the joint venture; and · A license fee for each project will be calculated at $50,000 per megawatt for each project to a maximum of $1 million. Powertron will make a non-refundable good fa

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Source: SEC EDGAR

accession 0001477932-24-001804

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