This is my re-cap from this weekends visit to the NanoTech's offices located in East Bridgewater, MA. Just in case anyone missed it over the weekend.
Yesterday, another investor (Rickley) and I visited the East Bridgewater facility. We were very impressed with the courtesy we were shown by Phil Foley. We saw some current products, NP-H1, a couple Seiki TVs, some prototypes of products in development (wink wink), were given some Nanotech Gear and a couple cool trinkets Phil had made for us on NTEKs 3d printer.
While the facility isn't very large, it is impressive. We were there on a Saturday afternoon and while we were there, at that time there was 5 employees on site working. Phil had informed us he did not attend his 11 yr old daughters dance recital because of our visit. Very nice guy I might add.
We sat at Phil's desk for about an hour and a half. He showed us about 50 projects he was currently working on with clear memories. He informed us that by the end of the year (this is the busy season with the holidays) they would bring in excess of $150k profit. He also showed us some neat projects he was currently working on for the Sacramento Kings basketball team.
While I would describe this as a business meeting, it was probably the most comfortably environment I've been in while work was being performed. There was 2-3 workers cleaning up 4k video on computer workstations, we watched some magnificent 4k video that was being streamed through the NP-1H onto a 50" Seiki tv. It was amazing.
We saw one of the apps in development running on Phil's phone. He did not tell us a release date of the app but said it would be released shortly. It's a really cool utility that everyone could use in one way or another.
Phil likes a low key profile. He's been asked to do a few interviews and has declined. He also stated that by the first week of the new year there will be no way to keep that low profile. He stated NTEK was in for exponential growth of the next 3-6 months.
He made a statement to point out that while the current products in development (NP-1) will be a great revenue producer for NTEK, the great amount of content being produced by 4K studios will be a game changer with regards to revenue.
Overall I was very impressed with my experience there. Phil was very forthcoming with our visit. We didn't pry or try to have him release any private information and told is what he could. He also described David as Steve Jobs like and after my experience yesterday, I don't doubt it at all. If I could double my position, I'd do what I had to, to make that happen.
Feel free to post this wherever you'd like. Take any information from it that you'd like. And if anybody has any doubts, you should get your head checked cause this is the ground floor of a once in a lifetime experience. Have a great weekend everybody.
