Dana Rohrabacher: “as part of its commercialization agreement with the Government, Gridcore is paying royalties on its profits. As a…”

“as part of its commercialization agreement with the Government, Gridcore is paying royalties on its profits. As a result, the taxpayers will get more back in terms of what Gridcore is giving them through royalties than it costs us in the original investment. Well, I have been somewhat skeptical of developing a partnership-type relationship between government and private companies. In this case it has obviously worked, and certainly these royalty arrangements by which private companies commercialize government-developed technologies, certainly this should be encouraged, and in this case, Gridcore has developed a product which is a win for the taxpayers, a win for the consumers, and a win for the environment. From Gridcore, our field briefing went on and we visit the headquarters of Simple Green in Huntington Beach. Simple Green began in the family workshop of Bruce Fabrizio and his father, Joseph. They successfully developed an alternative to toxic cleaners used to remove tannic acid that results from coffee roasting. Twenty years later they have developed an all-purpose cleaner that degreases products marketed around the world, and these products are nontoxic nonflammable, nonabrasive, and even biodegradable.”