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Tuesday, 05/09/2017 9:11:21 PM

Tuesday, May 09, 2017 9:11:21 PM

Post# of 5700
They demo'd at Kentucky Derby and are retrofitting Class 4 and 7 trucks based on customer feedback. S-1 also went into gorey detail of the risks and costs associated with bringing the MG to market. It will be awhile and some $$ before we hear they can fulfill any orders they get. Interestingly dollars needed for next 12 months decreased to 3.2 million with an extra 1.4 million for 'other'. That is down from the 10K where they said they needed 6 million with 1.5 million for 'other'. Lastly Craftsmen event had about 100 attendees. Not the hoped for 400, but much better than the number they pulled in for their first demo in Dec with just their contacts.

Misc. items from document:

"Appearances at public events such as the North American International Auto Show and the Kentucky Derby as well as presentations at private events such as Craftsmen Industries 35th Anniversary Party have generated interest from potential customers including truck manufacturers, distributors and up-fitters, trailer manufacturers, the US military and military vehicle providers, disaster relief agencies, and a global conglomerate. The Company is working to turn the interest into orders. Craftsmen is currently testing the Ford F-350 80 kVA work truck. The company is in the process of acquiring and retrofitting Class 4 and 7 trucks to address the specific needs of interested customers. We believe that interest has been generated by such presentations, and additional demonstrations targeting specific industries are being arranged."

"On April 25, 2017 , we delivered to Craftsmen Industries, a Class III Vehicle (Ford F-350 dually) up-fitted with a production-ready MG 30 kVA (single phase/three phase) system. For up to 60 days, the two companies will test, tune and finalize the system’s design to ensure it meets the technical criteria required by Craftsmen’s customer base and our target customers."

"Subsequently, Craftsmen invited the Company to demonstrate its mobile generation technology and the potential benefits for Craftsmen products at Craftsmen’s 35 th Anniversary Party on April 27, 2017. Over 100 current and prospective Craftsmen customers were in the audience for the demonstrations."
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