REMAINING FUNDS ON PROJECT COGEN GENERATORS INCLUDING CO's #1 FOR A TOTAL CONTRACT AMOUNT… and 1 more item

Northeast-Western Energy Systems USA LLC has been awarded a contract by Radford University in Virginia for the provision of remaining funds related to a cogeneration generators project. The cumulative contract value is $437,422.80, representing the outstanding balance on the original project referenced as PO04883758, which totaled $4,343,889.00. The contract was awarded on July 21, 2026, with delivery to Radford University in Radford, Virginia.

The deliverables consist of cogeneration generator equipment and associated services, with payment structured across five milestone-based tranches totaling $4,340,518.00: a 10 percent down payment due within ten days of contract signature (by January 10, 2025); a 20 percent payment due net thirty days following receipt of equipment submittals and engineering data; a 40 percent payment due net ten days after the seller's notice of readiness to ship; a 20 percent payment due net thirty days following equipment delivery to the project site; and a final 10 percent payment due net thirty days following completion of final commissioning and performance testing. Payments are to be made via wire transfer or Automated Clearing House transfer to the contractor's designated banking institution, Citibank N.A., located in New York, New York.