CSP V: Summary of Terms

Duration
The project has been delayed and is now scheduled to be carried out over a 3-year period (9/1/2011 – 8/31/2014).

Deliverables
The deliverables for this project have been outlined in Project Vision. Your support of this project will determine which systems OLI implements within the three-year duration of the project. This will be dependent upon the number of subscribers to this consortium.

Benefits
The consortium will allow OLI to accomplish the objectives listed above, which can be used to great benefit by the individual members.

• Each member company will be allowed to specify a system of priortiy interest that will be investigated in the development of the MSE corrosion model

• Member companies will provide technical steering for this project, which will assure that the needs of individual member companies are reflected in the research and the resulting software. This will provide your company with assurance of monitoring the project and, additionally, working with other companies.

• Each member will be periodically provided with comprehensive Excel spreadsheet documentation containing the quality assurance material comprised of experimental data, literature citations, and validation plots that compare model predictions with literature data. Only members of the consortium will be provided the full content of these spreadsheets.

• Earliest possible access to the software that results from this work.

• Leveraging industry support for this Consortium based upon the participation and support of other members. The result is that funds from your company will be multiplied.

Commitment
OLI is seeking a commitment of $25,000/year for each of three years to cover fully the cost of membership. This sum can be paid in three installments of $25,000 each, due on 9/1/2011, 9/1/2012, and 9/1/2013. OLI will hold open membership until 12/31/2012.

We appreciate your interest in this proposal and look forward to the possibility of working with your company in conjunction with this exciting project.