HydroPhi Technologies Group, Inc. announced that it has signed a License and Distribution Agreement (LDA) with HydroPhi Technologies Europe Sp z o.o (HTE). The LDA follows the earlier announced LOI entered into between the parties in April 2014. Under the LDA, HPTG grants to HTE 5-year exclusive distribution rights to HPTG's technology in Europe, with the right to renewal in perpetuity, subject to certain conditions being met.

Additionally, HTE has agreed to an initial purchase order and will pay to HPTG $1 million of license fees as certain milestones are achieved.