Thursday, November 13, 2014 11:36:52 PM
When it comes to product creation you have to be aware of few different things. There are a lot of different variables at play from equipment, funding, staff, employees, competition, available technology and so on. As a business owner myself, there are certain things that are outside of your control when it comes to product creation and development. Timelines and deadlines are often not met because something doesn't work in the product or is not ready yet for sale, somebody didn't do his/her job properly slowing down product development, or simply there is not enough funding to maintain the speed of the progress. I think most of you will agree with me that selling defective product is not a viable long term customer acquisition technique and should be avoided at all costs.
The reason why product is not ready yet is because it needed refinement to get all of the components small enough that they make out 1/3 the size of a credit card. This unfortunately required a lot of engineering effort, money, and time. Another thing is that the SMME not only had to build it's own components in order to achieve that but also build it's own operating system from scratch. During the development stage certain components changed both at the hardware and software level.
Yes, I have to admit that it is taking longer than I expected and I am pretty sure company as well. It took more time and money in order to develop the final product but here is the thing ladies and gentlemen. The result of all that hard work, waiting, and money spend is the following: SMME has a world class solution at the right time when banks are bleeding from card fraud. And I am glad Chaya strives for high quality.
Recent SMME News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/10/2024 09:22:17 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 01:54:15 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/21/2024 06:41:03 PM
- Credit Card to Prevent Fraudelent Activities • AllPennyStocks.com • 12/21/2023 08:00:00 PM
- Credit Card to Prevent Fraudulent Activities • AllPennyStocks.com • 12/21/2023 08:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 08:30:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/07/2023 11:00:48 AM
- Form 253G1 - • Edgar (US Regulatory) • 11/06/2023 04:10:16 PM
- Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 11/06/2023 05:15:06 AM
- Form 1-A POS - • Edgar (US Regulatory) • 10/20/2023 07:26:28 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 10/19/2023 08:20:09 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 10/18/2023 09:26:13 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 10/16/2023 10:00:11 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 08:58:03 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/27/2023 07:27:47 PM
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