Each FRD represents a right to the forward production of Ultra-Capacitor Cells (UCC) defined by the millifarad (mF) of the UCCs.
80 million UCCs will be manufactured over a period of 36 months, producing a total of 1.6 billion mF.
Can you explain a little bit more on this?
Well, basically, 1 FRD is equivalent to 1mF (1 millifarad ), which is a right of 1 mF from the 80 million UCCs produced.
Normally, 1 UCC uses 2 mF or more.