After settlement of all inter-company accounts and payments for the global rights to the Proton technology, ERG will receive cash proceeds of approximately approximately63m to ERG Group after repayment of intercompany loans (e37 million) at settlement. -- Anonymous

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Subject: After settlement of all inter-company accounts and payments for the global rights to the Proton technology, ERG will receive cash proceeds of approximately approximately63m to ERG Group after repayment of intercompany loans (e37 million) at settlement.

Author:
A milestone fee of approximately A$40.9 million (e22.5 million) is payable to ERG on deferred terms tied to milestones over the next ten years.
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Date Posted: Tuesday, April 08, 01:49:21pm
In reply to: 's message, "" on Tuesday, April 08, 04:10:35am

After settlement of all inter-company accounts and payments for the global rights to the Proton technology, ERG will receive cash proceeds of approximately approximately63m to ERG Group after repayment of intercompany loans (e37 million) at settlement. A milestone fee of approximately A$40.9 million (e22.5 million) is payable to ERG on deferred terms tied to milestones over the next ten years.

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Subject Author Date

ERG owns the technology that is licenced to Creative Star for use exclusively and only in Hong Kong---Creative Star is now known as Octopus Brussels, 9 November 1998 Proton state that Creative Star and ERG are joint venture partners, in Toronto both ERG and Creative Star are working together on the MTE's phase1. Octopus Cardsformed a consortium-Accenture, Thales & MTRC who are bidding with Cubic for the Netherlands whole of country contract.Proton has been adopted by Dutch banks universal Smartcard platform. Tuesday, April 08, 01:53:34pm

Subject	Author	Date
ERG owns the technology that is licenced to Creative Star for use exclusively and only in Hong Kong---Creative Star is now known as Octopus Brussels, 9 November 1998 Proton state that Creative Star and ERG are joint venture partners, in Toronto both ERG and Creative Star are working together on the MTE's phase1.	Octopus Cardsformed a consortium-Accenture, Thales & MTRC who are bidding with Cubic for the Netherlands whole of country contract.Proton has been adopted by Dutch banks universal Smartcard platform.	Tuesday, April 08, 01:53:34pm