OTCBB Company Profile CPEU - CHAPEAU INC Click here to order Full Report
Chapeau, Inc. 1190 Suncast Lane Suite 2 El Dorado Hills, CA 95762 United States
Phone: 916-939-8700 Fax: 916-780-6633
Guy A. Archbold, CEO/CFO/SEC/DIR SIC Number: 3613 Fiscal Year End: 06-30 Industry: Manufacturing Transfer Agent: Progressive Transfer Company CIK: 783211
Chapeau, Inc. develops an electrical power generation system for sale to and use by individual businesses and organizations. The Company conducts business through BluePoint Energy Products, Inc. and will market its proprietary products under the BluePoint product line.
Item 1.01. Entry into a Material Definitive Agreement. On December 29, 2006 Chapeau, Inc. (the "Registrant") entered into a definitive Strategic Alliance Agreement (the "Alliance Agreement") with Cummins Power Generation ("Cummins"), a subsidiary of Cummins Inc., a global power leader serving customers in more than 160 countries through a network of 550 company-owned and independent distributor facilities and more than 5,000 dealer locations. The definitive Alliance Agreement calls for, among other things, collaborative product development, joint marketing and selling activities, and certain exclusivities between Cummins and the Registrant as defined in the Alliance Agreement.
Pursuant to the definitive Alliance Agreement: (i) Cummins will contribute to the alliance its expertise in developing, marketing, selling and distributing Cummins power generation and related products ("Cummins Products"); (ii) the Registrant will contribute to the alliance its expertise in developing, engineering, packaging and financing combined heat and power ("CHP") products 1 megawatt and below incorporating its BluePoint Energy EnviroGen™ Energy Module line of CHP products; (iii) the Registrant will integrate, manufacture and supply EnviroGen™ Energy Modules utilizing Cummins Products to be exclusively co-branded as or similar to "BluePoint Energy EnviroGen™ Energy Modules - Powered by Cummins;" and (iv) Cummins will make available for sale through its worldwide distribution network on an exclusive basis, except as otherwise precluded by any previous commitments, alliances or agreements entered into by Cummins, co-branded BluePoint Energy EnviroGen™ Energy Modules - Powered by Cummins. The Alliance Agreement has an initial term of five years but may be terminated prior thereto upon the occurrence or non-occurrence of certain events detailed in the Alliance Agreement.
The Parties further agree and anticipate that they will mutually benefit from this definitive Alliance Agreement due to the additional credibility, product availability and revenues achieved as an anticipated result of the definitive Alliance Agreement.
The foregoing description of the Alliance Agreement is qualified in its entirety by reference to the Alliance Agreement, which will be filed as an exhibit to the Registrant's Quarterly Report on Form 10-QSB for the quarter ended December 31, 2006.
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