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Tuesday, April 18, 2017 11:30:19 AM
12-14 Kg of CHS is the Goal for scale up production of CHS in the first year in the supply agreement with Gelest. A year in sales of CHS could be as high as $490,000. 1 Kg = 1000 grams > 1000 grams X 14 Kg = 14,000 grams at $35 a gram = $ 490,000.
The initial focus according to the 10Q on 3/27/17 was to get 200 to 400 grams ready early on this year for customers. But in the just released 10K it clearly states that the goal is the larger amount of 400 grams they anticipate they will have to send out for first time sales to customers for testing of the materials with the bigger goal of 12 to 14 Kg,s or 12,000 TO 14,000 grams of CHS production in the first year. The company is obviously doing great in nailing the larger amount in setting its goal at the 400 gram mark for an initial CHS amount that they will ship out early on to customers. For starters the company could bring in $14,000 dollars from the initial sale of just 400 grams of CHS !! This is fantastic and great to see !!! Check out the last 10Q and the recent 10K :
10 Q - 3/27/17
Under the terms of the Supply Agreement, Gelest will scale-up production of CHS, within their available capacity of 12-18 Kg per year, and further optimize the manufacturing process licensed by the purchaser from NDSU/RF. The term of this project is 90 days from the receipt of the first installment of YSi6Cl14 salt from the purchaser. The cost for scale-up and manufacturing optimization is $180,000 to be paid by the purchaser in two installments. The initial installment of $18,000 was paid upon finalizing this Supply Agreement. The second installment of $162,000 is to be paid net 30 days from availability for shipment of up 200 – 400 grams of the initial product of the quality stated in the Supply Agreement. As of the date of filing, the Company has not paid the second installment, as Gelest has yet to complete the production of material.
10K - 4/14/17
Recent Developments. On December 13, 2016, we entered into a Supply Agreement (the “Supply Agreement”) with Gelest Inc., a Pennsylvania corporation (“Gelest”). This Supply Agreement is for the purchase and sale of Cyclohexasilane (CHS) as set forth in the Supply Agreement (the “Products”), pursuant to which the Company agrees to use Gelest as a primary source to manufacture the Products for a period of three years. NDSU provided raw materials required to produce CHS to Gelest in January, 2017. Efforts by Gelest to scale the manufacturing process for CHS are ongoing with the goal of producing up to 400 grams of material that will be available for sale to potential customers. An initial estimate of pricing for the Products is set forth in the Supply Agreement, which varies from $28/gram to $35/gram based on the quantity and quality of material that is being purchased. We believe this price is competitive with competing higher order silanes such as trisilane and neopentasilane while offering a number of advantages.
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