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e.DIGITAL announces first Flash-R™ Patent portfolio license and settlement agreement
Company Also Cross-Licenses Multimedia-Related Patents
(SAN DIEGO, CA, – September 25, 2008) – e.Digital Corporation (OTC: EDIG), a leading technology innovator of dedicated portable entertainment systems and patented flash memory-related technology announced today that a major electronics manufacturer has purchased the first license for its Flash-R™ patent portfolio. Under the terms of the confidential licensing and settlement agreement, e.Digital is receiving a one-time licensing fee and cross-license rights to certain patents covering multimedia-related products.
e.Digital’s Flash-R patent portfolio covers certain aspects of the use of flash memory, addressing today's large and growing portable electronics products market. The Company unveiled the first portable recorder with removable flash memory in 1993 and believes its patent portfolio to be essential to many consumer electronics products that utilize flash memory including cell phones, digital cameras, camcorders, PDA’s and other popular devices. In September 2007 and March 2008, the Company filed its first Flash-R portfolio patent infringement litigation against eight defendants.
"We are very pleased to have entered into what we believe will be the first of many Flash-R patent portfolio licensing agreements,” said Robert Putnam, senior vice president of e.Digital Corporation.
e.Digital Reports Record Fiscal Year 2008 Revenues
Fiscal Year Revenues Up 206% Over Fiscal 2007
June 17, 2008: 05:03 PM EST
e.Digital Corporation (OTCBB: EDIG), a leading technology innovator of dedicated portable inflight entertainment (IFE) systems and patented flash memory-related technology, today reported revenues for its fiscal year ended March 31, 2008 totaled $5.6 million, a 206% increase over revenues of $1.8 million for fiscal 2007. The increase was due to a full year of sales of the Company's eVU(TM) IFE system to several airlines including Lufthansa, Malaysia Airlines, Air France, Alitalia, Neos Air, Corsairfly, and through IFE specialist, Mezzo.
e.Digital recorded a gross profit of $1.5 million in fiscal 2008 compared to a gross profit of $1.0 million for fiscal 2007. Gross profit in fiscal 2007 included a $603,750 reduction in costs due to the reversal of an impairment charge previously recorded in cost of sales in the prior year. The Company reported a net loss of $1.7 million for fiscal 2008, compared to a net loss of $3.1 million for fiscal 2007. The net loss available to common stockholders for both fiscal 2008 and fiscal 2007 was $(0.01) per share.
e.Digital also announced today that it received a new eVU order from another European airline that flies to over 100 destinations. The Company shipped the order to the air carrier this month.
"We are pleased to add another airline to the eVU family and expect additional IFE orders and customers," said Will Blakeley, e.Digital's president and chief technical officer. "Notwithstanding the dramatic rise in jet fuel costs and the possible impact on IFE spending plans by the airlines, we believe our IFE system is the best portable solution available to airlines offering no, or limited, inflight entertainment. We also believe eVU can contribute additional revenue airlines are seeking to help defray soaring costs."
"During and subsequent to the March Aircraft Interiors Expo, we met with potential embedded eVU system partners and, given the state of the industry and the substantial development time and costs involved to complete and qualify the system, we have elected to focus these resources on portable eVU applications outside of IFE and diversify our customer base," remarked Blakeley. "We are working on business opportunities that we expect will yield non-IFE eVU orders later this year."
Addressing e.Digital's efforts with Duane Morris LLC to monetize its Flash-R(TM) patent portfolio, Blakeley commented, "We are pleased with the progress made in fiscal 2008 through the patent infringement lawsuits filed against Avid Technology, Casio America, LG Electronics USA, Nikon, Olympus American, Samsung Electronics America, Sanyo North America and Vivitar in the United States District Court for the Eastern District of Texas. We are very encouraged with Duane Morris' enforcement efforts and activities and look forward to providing more information on this important part of our business."
"With the filing of our Form 10-K, we can move ahead with preparing our proxy and calling a shareholder's meeting," concluded Blakeley. "We look forward to announcing the meeting date and providing further business information later this month."
About e.Digital Corporation: e.Digital is a leading innovator of dedicated portable inflight entertainment systems. More than 30 airlines have made dedicated portable systems powered by e.Digital technology their inflight entertainment choice. e.Digital also owns and is pursuing the monetization of its Flash-R(TM) portfolio of flash memory-related patents. e.Digital was the first company to employ and patent important aspects of the use of removable flash memory in portable recording devices. For more information about e.Digital and eVU, please visit: www.edigital.com.
First GF-5 oil will be licensed near July 2010. Two years to go before the big payoff (if any). Will we see news much sooner on the oil front?
http://www.gf-5.com/
"e.Digital's arguments makes it come across just exactly as it is - an entity that tries to claim the ideas of and technology of others as its own".
What world are you living in? Of all the BS you have spewn over the years, this is your lowest moment. Unreal
What's really going on?
You don't want to know what is "really going on". You are hoping for the worst case scenario. Hmmmmm A non share holder paying money for information to post on a chat board? "Really going on"? You can't handle what is "really going on".
May 15, 2007
e.DIGITAL RECEIVES OVER $1 MILLION eVU™ PORTABLE IFE SYSTEMS ORDER FROM MALAYSIA AIRLINES
Company Enters Into a Supply Agreement with
Award-Winning Asian Air Carrier
(SAN DIEGO, CA – May 15, 2007) - e.Digital Corporation (OTC: EDIG) a proven technology innovator of dedicated portable inflight entertainment (IFE) systems and patented technology in the utilization of flash memory in portable devices, announced today that it has entered into a supply agreement and received an eVU portable entertainment systems order worth over $1 million from Malaysia Airlines. Malaysia Airlines is providing the eVU’s to Business Class passengers. The order includes eVU support equipment and on-going services. This order completes the new orders and contracts e.Digital announced on March 29, 2007.
Malaysia Airlines (www.malaysiaairlines.com.my), the national carrier of Malaysia, is recognized as one of Asia’s largest, flying more than 48,000 passengers to over 100 destinations across 6 continents every day. It has established itself as an award-winning airline having received more than 100 awards in the last 10 years.
e.Digital’s next generation studio-approved eVU portable entertainment system features a customizable passenger-friendly interface and an industry-leading 14 hours of continuous video playback from a single battery charge. eVU is available in either 7" or 8" high resolution LCD screen with 40 GB to 200 GB of rugged and reliable storage for many hours of movies, television shows, music, specialty programming and games. eVU is the smallest and lightest dedicated long play portable IFE product available today and integrates the latest in battery safety features through its removable “Smart” rechargeable high capacity battery pack.
“We are delighted to introduce this portable entertainment system for our North and South Asia routes,” said Malaysia Airlines Commercial Director, Rashid Khan. “The enhancement of the IFE complements our award-winning cabin service to make flying with Malaysia Airlines an enjoyable experience.”
“We’re proud that our proprietary ‘best in class’ eVU portable entertainment system has been selected by Malaysia Airlines for their business class passengers,” said Will Blakeley, president and chief technical officer of e.Digital. “We’re delighted to be working directly with Malaysia Airlines and supporting their portable IFE requirements.”
About e.Digital Corporation: e.Digital is a provider of secure portable Video on Demand products including its proprietary eVU™ portable entertainment system. e.Digital also owns and is pursuing the monetization of its portfolio of flash memory-related patents. For more information about e.Digital and eVU, please visit: www.edigital.com.
05/01/2007
e.DIGITAL RECEIVES INITIAL eVU™ PORTABLE IFE SYSTEMS AND SERVICES ORDER FROM LUFTHANSA
Company Enters Into Supply and Content Integration Agreements with One of the World’s Largest Airlines
(SAN DIEGO, CA – May 1, 2007) - e.Digital Corporation (OTC: EDIG) a proven technology innovator of dedicated portable inflight entertainment (IFE) systems and patented flash memory-related technology, announced today that it has received an initial eVU portable entertainment systems and services order from Lufthansa. In connection with this initial order, the Company has also entered into supply and content integration agreements with Lufthansa. This order is part of the new orders and contracts e.Digital announced on March 29, 2007.
Beginning this summer, Lufthansa will provide eVUs to Business Class passengers utilizing its 44 and 48-seat all-business class routes between Newark, NJ and Munich, Germany, and between Newark and Chicago O'Hare and Dusseldorf, Germany. eVUs will also be provided to Business Class passengers on Lufthansa's long-range Airbus 300-600 flights. eVU content will feature a selection of Hollywood movies, audio channels and a variety of games. The graphical user interface (GUI), customized for Lufthansa, will offer a variety of language options including English, German, Spanish, Portuguese, French, Italian, Russian and Arabic - to complement the airline's diverse customer base on these routes.
e.Digital’s next generation studio-approved eVU portable entertainment system features a customizable passenger-friendly GUI and is available in either 7" or 8" high resolution LCD screen with 40 GB to 200 GB of rugged and reliable storage for many hours of movies, television shows, music, specialty programming and games. eVU is the smallest and lightest dedicated long play portable IFE product available today and integrates the latest in battery safety technology through its removable “Smart” rechargeable high capacity battery pack.
“We’re delighted to be working directly with Lufthansa, one of the world’s premier airlines,” said Will Blakeley, president and chief technical officer of e.Digital. “We look forward to supporting Lufthansa and their portable IFE hardware and services requirements,” commented Fred Falk, e.Digital’s vice president of corporate development.
04/04/2007
e.DIGITAL ANNOUNCES eVU™ PORTABLE IFE SYSTEMS OPENING ORDER FROM ALITALIA
e.Digital Enters Into Agreement to Supply eVU’s to Major European Airline
(SAN DIEGO, CA – April 4, 2007) - e.Digital Corporation (OTC: EDIG) a leading innovator of portable inflight entertainment (IFE) systems and patented flash memory-related technology, announced today that it has entered into an agreement to supply its proprietary eVU portable entertainment systems to major European air carrier, Alitalia. Per the agreement, e.Digital is supplying Alitalia an initial 120 unit order for Premium Class passengers. The agreement includes eVU support equipment and on-going services. This order has been shipped to Alitalia and is part of the $2.5 million+ in new orders and contracts e.Digital announced March 29, 2007.
Alitalia has been flying passengers all over the world since 1947. In Italy, Alitalia serves 25 airports with 1,345 flights a week; in Europe, 46 airports with 1,219 flights a week, and in the rest of the world, Alitalia flies to 26 airports with 255 flights a week. In 2001, Alitalia joined the SkyTeam international alliance which includes several leading European and worldwide airlines – Northwest, KLM, Air France, AeroMexico, CSA Czech Airlines, Continental, Delta, Korean Air, Aeroflot – with a network serving 728 destinations in more than 149 countries. During 2005, approximately 24 million passengers flew with Alitalia.
e.Digital’s next generation studio-approved eVU portable entertainment system features a customizable passenger-friendly interface and an industry-leading 14 hours of continuous video playback from a single battery charge. eVU is available in either 7" or 8" high resolution LCD screen with 40 GB to 200 GB of rugged and reliable storage for many hours of movies, television shows, music, specialty programming and games. eVU is the smallest and lightest dedicated long play portable IFE product available today and integrates the latest in battery safety features through its removable “Smart” rechargeable high capacity battery pack.
“We’re excited to be working directly with Alitalia and supplying them with our ‘best in class’ eVU portable entertainment system,” said Will Blakeley, president of e.Digital. “We look forward to supporting Alitalia’s portable IFE needs while continuing to grow our business as a proven technology innovator and provider of dedicated portable IFE systems.”
e.DIGITAL RECEIVES OVER $2.5 MILLION IN NEW eVU™ PORTABLE IFE SYSTEMS ORDERS AND CONTRACTS
(SAN DIEGO, CA – March 29, 2007) - e.Digital Corporation (OTC: EDIG) a proven technology innovator of dedicated portable inflight entertainment (IFE) systems and patented flash memory-related technology, announced today that it has received over $2.5 million in new orders and contracts for its proprietary eVU portable entertainment systems and services. The eVU systems orders are expected to ship before June 30, 2007 and the direct orders and contracts are subject to future performance by all parties and to standard warranties and intellectual property indemnifications including certain remedies, ranging from modification to product substitution or refund as well as related contractual requirements.
“We’re proud that our ‘best in class’ eVU portable entertainment system is being selected by a growing number of airlines,” said Will Blakeley, president of e.Digital. “We look forward to providing more information about our growing eVU business and our intellectual property (IP) licensing enforcement efforts through IP counsel Duane Morris LLP in upcoming company communications.”
03/28/2007
e.DIGITAL CORPORATION RETAINS DUANE MORRIS LLP FOR LICENSE ENFORCEMENT OF FLASH MEMORY PATENT PORTFOLIO
(SAN DIEGO, CA – March 28, 2007) - e.Digital Corporation (OTC: EDIG) the owner of a portfolio of flash memory-related patents essential to consumer multimedia products, announced today that it has retained Duane Morris LLP (Duane Morris) as its intellectual property (IP) counsel for license enforcement of its flash memory-related patent portfolio.
Among the 100 largest law firms in the world, Duane Morris was recognized as the 13th most active patent litigation firm in the U.S. and was ranked 16th in the number of new patent litigation matters undertaken in 2005, according to IP Law360. Duane Morris represents clients in enforcing their patents and in patent licensing and has played a leading role in some of the most important cases in the field of patent law.
e.Digital has a 19-year record of innovation and significant investment in a robust intellectual property asset base. e.Digital was the first company to locate a speaker and microphone in the ear without feedback creating products and technology that ultimately led to the industry-leading Jabra line of hands-free communication products. It was the first to employ removable flash memory in a portable digital voice recorder and then manage the recordings with personal computers. e.Digital has designed and developed a range of products using its IP for OEMs and customers including, Hewlett-Packard/Disney, Bang & Olufsen, Gateway, Lanier Healthcare, Toshiba, Intel, Lucent and others. A portion of e.Digital’s IP is used in its pioneering portable inflight entertainment (IFE) systems which have been utilized for 4+ years by airlines throughout the world. e.Digital’s latest dedicated IFE system, the studio-approved compact eVU™, features 7" or 8" high resolution LCD screen, 40 GB to 200 GB of rugged and reliable storage, and an industry-leading 14 hours of continuous video playback from a single battery charge.
“We are honored and excited to be represented by such an experienced and capable legal team,” said e.Digital president, Will Blakeley. “We look forward to working with Duane Morris to monetize our patent portfolio.”
03/01/2007
e.DIGITAL’S eVU™ PORTABLE ENTERTAINMENT SYSTEMS CHOSEN BY MEZZO FOR FLYGLOBESPAN INFLIGHT ENTERTAINMENT SERVICES
(SAN DIEGO, CA – March 1, 2007) - e.Digital Corporation (OTC: EDIG) a leading innovator of portable inflight entertainment (IFE) systems and patented technology in the utilization of flash memory in portable devices, announced today that its eVU portable entertainment systems have been chosen by MEZZO, a U.K.-based provider of fully outsourced IFE solutions, for its services on Scotland-based airline Flyglobespan. Flyglobespan is a wholly owned subsidiary of The Globespan Group PLC established in 1974.
e.Digital’s next generation studio-approved eVU portable entertainment system features a customizable passenger-friendly interface and an industry-leading 14 hours of continuous video playback from a single battery charge. eVU is available in either 7" or 8" high resolution LCD screen with 40 GB to 200 GB of rugged and reliable storage for hours and hours of movies, television shows, music, specialty programming and games. eVU is the smallest and lightest dedicated long play portable IFE product available today and integrates the latest in battery safety features through its removable “Smart” rechargeable high capacity battery pack.
MEZZO provides Flyglobespan with a fully managed IFE service, which includes the provision and management of hardware, media content, daily onboard operations, crew and customer communications and back-office support. Moreover, MEZZO provides Flyglobespan with a key point of differentiation from its competitors and new ancillary revenue generation from the onboard bar service.
Flyglobespan operates aircraft to a wide range of destinations within Europe with bases located in Edinburgh, Glasgow and London Stansted.
e.DIGITAL’S eVU™ PORTABLE ENTERTAINMENT SYSTEMS SELECTED BY MEZZO FOR JET2.COM INFLIGHT ENTERTAINMENT SERVICES
(SAN DIEGO, CA – February 27, 2007) - e.Digital Corporation (OTC: EDIG) a leading innovator of portable inflight entertainment (IFE) systems and patented technology in the utilization of flash memory in portable devices, announced today that its eVU portable entertainment systems have been selected by MEZZO, a U.K.-based provider of fully outsourced IFE solutions, for its services on U.K.-based airline Jet2.com. Jet2.com is a wholly owned subsidiary of Dart Group PLC, an aviation services and distribution group specializing in the operation of cargo and passenger aircraft throughout Europe. eVU and MEZZO’s IFE services are currently being utilized by Jet2.com.
e.Digital’s next generation studio-approved eVU portable entertainment system features a customizable passenger-friendly interface and an industry-leading 14 hours of continuous video playback from a single battery charge. eVU is available in either 7" or 8" high resolution LCD screen with 40 GB to 200 GB of rugged and reliable storage for hours and hours of movies, television shows, music, specialty programming and games. eVU is the smallest and lightest dedicated long play portable IFE product available today and integrates the latest in battery safety features through its removable “Smart” rechargeable high capacity battery pack.
MEZZO provides Jet2.com with a fully managed IFE service, which includes the provision and management of hardware, media content, daily onboard operations, crew and customer communications and back-office support. Moreover, MEZZO provides Jet2.com with a key point of differentiation from its competitors and new ancillary revenue generation from the onboard bar service.
Jet2.com is based at Leeds Bradford Airport and has additional bases at Manchester, Belfast, Blackpool, Edinburgh and Newcastle. It flies to 38 popular holiday destinations across Europe including Ibiza, Malaga and Amsterdam.
This is the place. Been here. Had a ball! LOL
http://www.testyfesty.com/
The "no additive" statement concerns products like Slick 50 and other OTC oil additives, not ingredients "added" to oil to make it what it is. You are having trouble separating the two
Modern oil is made up of many components besides whatever base oil is used. GrpI,II,II+, III, IV, and V are labels for base oils and have been used for years. Most "synthetics" on the market today are so called GrpIII. There are fewer GrpIV (PAO)and V synthetics mainly because of costs. To the base oils, "additive packages" are then added in order for the oil to perform properly.
The problem is not so much meeting the proposed standards for wear, mpg, sludge protection etc. The major problem lies in doing this with an oil that has less/none of the additives that contaminate the pollution equipment on the vehicle as well as the environment...all at a cost the industry and consumer can handle...hence PLRO's selling point for Techrobond.
If PLRO's product does what it says it can do...and few if any competitors can do better for about the same or less, then the company will be very successful. Still, two years is along ways off and huge companies like XM will try to meet the standards in house as opposed to licensing a product like Techrobond if they can.
PLRO does not need production facilities to make money.IF their patents are all that, companies like XM, Sopus, Castrol etc would pay fees and royalty payments to PLRO for the use of the patents so THEY can make Techrobond and add to THEIR products...No need for PLRO to make anything.
BTW GF-4 is the current standard and has been for several years. Also FEW companies produce PAO base oils. In fact XM is the largest and they sell to other oil blenders. There are also huge companies like Lubrizol that produce the additive packages for oil companies to include in their products
As far as oils being currently tested, who can say that Techrobond is not in one or more of these test oils? The website alludes to a Big 3 company testing the product NOW.
So you avoid further confusion about what motor oil and related lubricants are all about, check out this site. Much can be learned. Ask away
http://theoildrop.server101.com/forums/ubbthreads.php?Cat=0
If our product is what they claim it is, and IF there is few if any competitors then PLRO will be in the money when the new oil standard hit.
Forget the links to Slick 50, Tufoil oil or any of other oil addititve. They have absolutly NOTHING to do with the new oil standard (GF-5) or what PLRO claims it can do in motor oil to meet them.
By posting about Teflon and all the othet OTC additives, one shows they know little what PLRO and motor oil is about.
http://www.imakenews.com/lng/e_article000342382.cfm?x=b4bMGRl,bhb871W
http://www.imakenews.com/lng/e_article000523932.cfm?x=b11,0,w
http://www.aa1car.com/library/api_motor_oil_classifications.htm
http://forums.sae.org/access/dispatch.cgi/TETDFLD_pf/showHtmlFile/100151/5a58cfd5/SAE+Final+Forum+Ag...
"The Company intends to introduce specialty engine oil with its formulation by 2009"
This time frame is when the latest automobile oil standards are due to take effect. There is no incentive for any oil or car maker to change formulations until they have to...which is around 2009.
How soon will deals be announced prior to 2009 is a big question.
The new oil standards where PLRO could make a differences are still some time away.... more than a year. As I have stated in a previous post, there really is no incentive for any oil company or car manufacturer to switch early unless they hope to get extra business by making/using a cleaner product. I just don't see that happening until they have to. JMHO
Next gap and last level of support is .50
http://www.stockta.com/cgi-bin/analysis.pl?symb=PLRO&num1=587&cobrand=&mode=stock
The company has nothing business wise to say at this point. In response to a series of questions submitted to IR, this was one of the answers.
"1. There has been no material event or fundamental development, private or public, that would cause recent market activity"
That says it all to me....
When it didn't blow through .22, traders waited a bit then figured the run was done and started selling. Were they right? Wrong? We will see. A few pennies made are better than nothing it seems...
IMO MM's kept this one in reasonable check today. Buys were still strong but they didn't let it run hard. At the share price some reasonably decent money being poured in. Hopefully the trend up will continue.
Watching time and sales and games are being played with share price both ways Still someone dropping some large dollars in here so hanging around. Hopefully another run next week. Apparently still plenty of buyers.....
Articles startimg on page 14 and 20 (among others)
http://mag1.olivesoftware.com/ActiveMagazine/getbook.asp?Path=LNG/2007/02/01&BookCollection=LNG_....
Good reading in back issues
http://mag1.olivesoftware.com/am/welcome/LNG/LNG-2007-02.asp
"IF" doesn't pay the bills or increase stock value. "Models" mean nothing in today's world of valuation. 10 years and how much income have their 57 patents brought in? To date their worth is?????You know the answer.
I posted tonight that the new oil standards are a few years away. It is very possible that PLRO will have some impact on companies meeting them. Until then IMO no one will change or care to change what companies/consumers are doing concerning oil in the automobile world. No need too. Two years from now is a different story as ALL oil companies will have to meet the new standards in order to meet specs.
Again, I hope PLRO will be an economical and attractive part of the new standards, but for now as the PR hack stated to you in an email response....."There has been no material event or fundamental development, private or public, that would cause recent market activity"...
GF-5 Targeted for projected launch date of 2009
GF-5 Targeted for 2009
By David McFall
SAN ANTONIO, Texas – With their eyes on a projected launch date of 2009, the motor oil and auto industries are sharpening their efforts to define and create GF-5, the next generation of gasoline engine oils.
Bob Olree of General Motors, who chairs the inter-industry ILSAC/Oil Committee that is developing the new oil’s technical specifications, noted at the group’s Jan. 11 meeting here, “We’re one year into GF-5 and not in bad shape. I’m quite satisfied with progress at this point in the process.” The American Petroleum Institute is expected to begin licensing GF-5 products in mid-2009, just three-and-a-half years away.
At its January meeting, the committee dug into the technical rationale for the category upgrade (the “needs” statement); heard progress reports from task forces dealing with its knottiest issues; and discussed what engine sequence tests GF-5 oils may require.
The statement justifying the need to go forward with GF-5 is not at issue. Hannah Murray of Toyota Motors reported that the “needs” statement lists three major objectives:
● Increased fuel economy, and improvement in both fuel economy improvement retention and durability throughout the oil change interval, relative to current GF-4 oils.
● Enhanced oil robustness during high-temperature, high-load operation, to improve engine and piston ring cleanliness while maintaining nitration and oxidation control.
● Chemical limits ensuring protection of emission system components to meet stringent federal and California regulations.
Murray noted that these goals had been modified to incorporate industry comments regarding the need for timely development of new tests, and for assurance of sufficient engine oil aeration properties in light of modern valvetrain control systems.
Task Force Actions
The meeting heard updates from three task forces. One, the Fuel Economy Engine Test Task Force, is working to design a new engine test, the Sequence VID (six-D) to measure fuel economy; its progress was covered in last week’s Lube Report. (See “Who Will Pay for Fuel Economy Testing?”)
Then there’s the similarly named Fuel Economy Task Force, which is working to gather current fuel economy data on engine oils in the field. This data will be useful also in developing the Sequence VID.
Jim Linden of General Motors reported that fuel economy testing was under way at his company’s Milford Proving Grounds, following Federal Test Procedures (FTP) and using a matrix of 10 oils. All four vehicles for the test – a Pontiac G6, Chevrolet SSR, Saab 9-5 and Buick LaCrosse – are 2006 models, and are now in place, as are the oils for the test.
The FTP puts the cars through simulated city and highway conditions, measuring the fuel efficiency improvement of the matrix oils at 2,000 and 6,500 miles, compared to that of an SAE 10W-30 reference oil. Preliminary results on the first of the 10 oils, a 5W-20 multigrade, showed good repeatability, Linden indicated. It showed that the viscosity effect is substantial and that there is a slight improvement with friction modified oil over non-friction modified oil. Also, at 6,500 miles the 5W-20 oil showed no reduction in the viscosity benefit compared to that seen at 2,000 miles.
This first four-car test included a Cadillac DHS, but the LaCrosse will take its place in future tests because the LaCrosse has the same engine (a 3.6-liter, V-6) as GM offered for the Sequence VID test development program. Having the same engine in both the VID program and the FTP database was a useful approach.
The cost to GM for the FTP fuel economy testing will be in the $2 million range. Charlie Sherwood of Ford reported that his company is also planning an FTP fuel economy test, with one car, at a cost of about $1 million. Additional FTP tests may be carried out by DaimlerChrysler and Japanese automakers.
ILSAC/Oil’s third task force is the Emissions System Compatibility Improvement Team, charged with evaluating methods to determine the impact of GF-5 oils on emissions systems’ function and durability. Their goal is to measure the impact of phosphorus and sulfur – antiwear agents that are considered damaging to emission systems – on catalysts and oxygen sensors. Physical, bench, field and engine tests will be investigated as an alternative to simply limiting these chemicals, and a report is due to ILSAC/Oil by Jan 1, 2007.
Last year, some concern was expressed whether there was sufficient time to complete this work by January 2007, and whether a test could be ever be developed that would give auto manufacturers sufficient comfort for them to lift the chemical limit on phosphorus or sulfur. But data collection is underway and will be presented for the team to evaluate at its meeting later this week.
Ford’s Sherwood, who had chaired the team, announced that increases in workload had forced him to give up the chairmanship; however, he will remain as co-chair with DaimlerChrysler’s Chris Engel.
New Engine Sequence Tests
The Jan. 11 meeting heard of three new engine sequence tests that are expected to be part of the GF-5 test battery. First, the GF-4 Sequence IIIG, which measures high-temperature deposits, wear and oxidation, will be replaced with the IIIH, which will measure high-temperature deposits and oxidation.
Second, an aeration test was discussed. Rather than developing a new test, the committee is looking into the possibility of incorporating a European test into the battery, or including the Navistar HEUI Engine Oil Aeration Test (EOAT), currently a heavy-duty diesel oil test.
Finally, an engine test focusing on chain wear has been a goal of Japanese automakers for some time. Toyota’s Murray reported that the Japanese Automobile Manufacturers Association is no longer pursuing a chain-wear test but is still pushing for a soot-induced wear test. The GM Roller Follower Wear Test is a possible substitute for the dropped chain-wear test.
Murray also reviewed issues associated with inclusion of a Japanese or European test in GF-5. The American Chemistry Council, which governs U.S. engine testing, asserts that any non-U.S. test must meet the special requirements of ASTM, which often requires modification of the test and test procedures. That is what happened with the Nissan KA24E valvetrain wear test that was accepted into the GF-3 oil specification; it became the Sequence IVA in March 1999. But it took more than three years to reconfigure the test to correlate with Sequence VE wear results and to ensure that the test provided acceptable precision and discrimination. The precision testing matrix of 36 tests alone cost almost $500,000. The Sequence IVA will be included in the GF-5 test battery.
GF-5’s Timeline
Ben Weber of Southwest Research Institute presented the current GF-5 timeline. Completion of all tests is scheduled for the first quarter of 2007, he said, with precision matrices run during the second and third quarters, and final acceptance of all ASTM tests into the new category by the end of 2007.
A technology demonstration period is slated for the first two quarters of 2008, he continued, followed in the third quarter by ILSAC/Oil’s approval of GF-5’s tests and limits. When final approvals are completed, the clock can start running on API’s mandatory nine-month waiting period before it will start licensing the oils for market introduction. That’s currently scheduled on or about July 1, 2009 – just before most 2010 model year vehicles are introduced.
ILSAC/Oil’s next meeting will be April 12.
"I wrote a post arguing that the Market Cap value of PLRO should be about $7.55 right now"
How can you make a statement like that when you have seen NO revenue figures stated by the company? Even the email reply you posted from the PLRO PR hack stated "There has been no material event or fundamental development, private or public, that would cause recent market activity"...That means what he said..NO material facts...just hype and speculation.
Unreal
1. There has been no material event or fundamental development, private or public, that would cause recent market activity;
The stock started trading Nov 1 or so. Check out the volume before the run up. Not nearly enough IMO for what has just been suggested WITHOUT shares from someone in or closely associated with company
http://www.stockta.com/cgi-bin/analysis.pl?symb=PLRO&num1=587&cobrand=&mode=stock
As I mentioned a week or so ago, there is a lot of stock out there that has a very low entry price point, plus the usual suspects in and out of the company.
The company has not released any news of any value concerning money making deals...so one has to conclude (after the run up) that the run up was indeed hype driven...allowing many in and out of the company to make a bundle which they did.
The basic premise of the company makes sense to me, but IMO they do need to release details on deals otherwise there is nothing to keep it from going under $2, even back under $1.
"Support"
My program shows this. The last numbers is ...well a "strength" of support. Last "major" support is at the $1.44 level. After that.......
supp 2.50 7
supp 1.84 7
supp 1.44 18
supp 0.50 2
supp 0.00 453
BTW
Open Gaps
Direction Date range
up Jan-11-2007 2.51 to 2.54
up Dec-04-2006 1.5 to 1.54
up Nov-17-2006 1.35 to 1.36
up Nov-16-2006 1.27 to 1.29
up Nov-15-2006 0.501 to 1.15
up Nov-01-2006 to 0.5
PLRO 2002 Press Release That says it all 2002 yet no sales eom
Support
supp 2.98 3
supp 2.50 7
supp 1.84 7
supp 1.44 18
supp 0.50 2
supp 0.00 453
Small buys large share blocks have/been/being dumped Until that turns..IMO stay clear Many many games being played
Still...was a classic money maker past month!
I hope you sold a few days ago.. eom
All well and good.
I hope they license or sell $$$ of the stuff. Great web sites, words and BOD are all well and good...but at some time soon...Money making deals will have to be announced.
BTW PR words from a web site can usually be taken with a grain of salt. Where are the real world independent test results? Can't find them can you? Nope Hmmmmmm
So until you can produce them, all the hype you post from the web site is just that....hype.
I see the value of a product like they have..that is the reason I have bought the stock. I do have my eyes wide open as well as my finger on the sell button.
BTW speckulater I do know about motor oil and can show you over 100 web sites of products that claim to do most of what our product does,
Let's be real. You cannot talk about reducing additives in oil just to lower emissions or to reduce cat killing, and ignore what oil is used for in the first place...lubrication.
If oil does not protect for a reasonable time, then it is WORTHLESS..no matter how "clean" it is.
If you know about oils then you know the numbers listed are low. This oil is a major step in the right direction.
Does it compare to ours? Hard to tell without more detailed data from the company, but from your post "
but automakers and oil formulators agree that conventional oil with phosphorous levels below 0.08% are unable to perform to an acceptable standard"... Fuchs oil has a stated Phosphorus content of 0.05..which seems they did what others said could not be done. LOL
Again, I am not doubting our companies product, I am not naive to think that other solutions from other companies are not in the works...some it seems have already made it to market.
I am with you on this one..have been since below $1, but statements like this....
"Company management states that it is not aware of any other company that has advanced ZDDP-reducing technology to the Company management states that it is not aware of any other company that has advanced ZDDP-reducing technology to the same degree as PLRO or any other compound that has the same properties as TechroBond allows for many "outs."
Here is one Got a couple more stashed somewhere
http://www.opieoils.co.uk/performance_lubricants/pdf/fuchs/TITAN_GT1_SAE_5W-30_BMW_LL04.pdf
Wasn't asked but I'll give you mine.
The number of shares can be a concern, but we should know when they are registered. When they are.....watch closely.
On a business front, many oil and additive companies are developing oils that are low emission/ non catalytic convertor killers. In Europe a few are showing up now. It would be foolish to think our product is or will be the only game in town. Having said that, if our product works, is available at a reasonable price in quantities that can meet the industries needs, then we have a good chance of getting our share of the market and then some.
Product and alliances. It seems we have both.
Good luck to all.
Glad there is a board. Been in for a month now. $$$$$$$$$$$
No news...steady volume and going straight up. Looking for the other show to drop, but if this is for real....more $ to come.
"hopefully find a new base their".
From your post..including spelling error. LOL