Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I think "Materion" (MTRN) and "Engel" have license / commission arrangements with LQMT. I'm still looking at LQMT as a possible investment for those reasons among others.
What I've found so far is that both companies are part of the LQMT "Certified Partner Program". That arrangement must include IP sharing and by extension, profit sharing:
http://www.businesswire.com/news/home/20111130006786/en/Liquidmetal%C2%AE-Technologies-Materion-Brush-Announces-Strategic-Partnership
http://www.reuters.com/article/2013/10/09/ca-liquidmetal-tech-idUSnBw095231a+100+BSW20131009
Materion Annual report last summer
"LQMT raw materials are now being alloyed and casting to slugs... and molded by "Visser" into parts for customer prototypes.
Dr. Edgar Vidal, Manager, Market & Business Development,sees a bright future for the alloy as it finds its market.
“Within five years, Materion can expect to be the world’s premier supplier of this alloy, at the lowest cost,” he says. “And we will identify additional methods of fabricating the material"
"Materion" had also assigned sales reps in summer of 2012 to aid LQMT develop more industrial markets.
http://www.businesswire.com/news/home/20120904006407/en/Liquidmetal%C2%AE-Technologies-Materion-Brush-Announce-Sales-Channel
Makes sense that LQMT would profit nicely from "Engel" machine and "Materion" powder sales to APPLE.
It makes sense APPLE would buy developed, ready-made and proven alloy powder and MIM equipment.
I listened to the last CC from LQMT today and they "hint" broadly that there is a commission to LQMT for each machine sold by "Engel". It's their jointly developed IP that led to the marketable version of a tested and refined accessory(ies)and processes for the industrial injection mold market.
"Engel" isn't going to build /sell APPLE the LQMT capable / upgraded machines without the built-in commission to LQMT.
"Materion" is the licensed maker and co-developer of the various enhanced LQMT powder. They won't sell the bulk powder to APPLE without the LQMT built in licensing commission.
Why would APPLE re-invent the wheel? It's not in their history or their wheelhouse.
e.g. I read today that APPLE bought and built a factory for "GT Advanced" to make their sapphire glass.
http://money.cnn.com/news/newsfeeds/gigaom/articles/2014_01_27_could_apple_be_using_sapphire_glass_for_a_solar_charging_iphone_6_screen.html
http://www.macrumors.com/2014/01/23/patent-uses-sapphire/
Interesting. I've been following the PPS uptrend the last 2 weeks so LQMT looked promising until I read your post.
Your point is there is no Engel machine and no evidence of significant sales so there is potential fraud ?
1. Is the stock PPS @ .38 on speculation?
2. There has been nothing positive to hang a hat on?
3. Should I wait to invest only after the FY release in late February hopefully informs investors there is an order for Liquidmetal alloy of good size ($5-10M) ?
Thanks.
Scorp -
06/17/13; Ironridge Global IV, Ltd.; 15,000,000 Shares "Restricted Convertible Preferred Stock" for cash
08/02/13: Ironridge Global IV Ltd; 15,000,000 Shares for debt (see bottom of page 2 of 14)
http://www.otcmarkets.com/financialReportViewer?symbol=BORK&id=111977
The 8/2/13 disbursement of 15 M shares is "COMMON shares for $780K debt"..it's another traunch repaying the $780K used by BI to pay vendors - BI / we are still in the "Calculation Period" apparently. The report states that 434 M out of 500 M issued have been distributed /sold.
The 6/17/13 sale of 15 million shares are from either the 2000 Preferred Series "A" as "Equivalent to 15 M " (when converted) shares for CASH...or from JB's OWN Preferred Voting allotment (from 9/11 mergers) of 100 million shares that votes 4 for 1. --- IMO ---
Per Sept. 2011 merger paperwork, JB's voting shares are differentiated as "Convertible" Series "A" Preferred Stock".
IMPORTANT: The $95,000.00 CASH MONEY raised from "Ironridge" is in the last "Q" page 5 of 27. Also shown is the $75,000.00 raised from sale of equipment. See the "Cash Flows from Investing / Financing Activities" headings.
http://www.otcmarkets.com/financialReportViewer?symbol=BORK&id=112028
Where is that $170K in CASH and why is it not being used to re-start the business?
Does management intend to restart operations and if so when?
Why is management silent in this matter and not trying to instill confidence in the shareholders?
If that is true...IF...then JB has a bigger problem than a few years in prison for a DUI.
I believe that the refined process rests with Dr. Siegmund. He worked with JB in ELOY a few years back to REALLY make it work.
He's seen in the Oregon Ballistics photo. In the background after the NIJ test approval behind JB.
The Doc is world-renowned and is probably the REAL "brains" behind the original formula and process refinement.
How JB tweaked it or "dumbed it down" for armor (or whatever) is unknowable at this time.
There is no doubt the Kryron alloy is unique enough and variable enough to be valuable if kept in the right hands.
Protection of the patent and IP for the shareholders only is paramount at this moment.
The Kryron formula and process and patents belong to the BI shareholders.
Patents and IP - The only value left in BORK other than the $150K + /- raised last "Q" selling unused equipment and JB selling 15 million of his 100 million voting/ 4 for 1 shares (noted in the report as: "Series "A" Convertible Preferred Shares") and also selling (1) new issue / regular "Series "A" Preferred Share" to "Ironridge".
I ask: Where and how much of that money is specifically declared in the "Q" report?
Is the $45K of the $95K raised from "Ironridge" contributed by JB selling his voting shares?
Why is "Ironridge" buying voting stock from JB?
Where is that $$$ going to if not settling up with AT&T (phone) and the property leasing company to get in the Drexel facility to re-start production ?
NOTE: The "Q" report takes a $350K write off for the remaining equipment in the Drexel facility.
If it's tahat valuable, then why not pay the $110K back rent and get back in to at least sell it off... instead of letting the property owner auction it for peanuts that, after commissions, may not settle the leasing debt?
Unless the lack of operations (essentially a "Shell" company) or a revenue stream is the ulterior motive of JB, the BOD and officers?
*** Does that inaction benefit us? Is there a fiduciary responsibility issue w/ the BOD?
Assuming Port of Seattle PD is done by "bigdog" as noted.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92579437
IMO - The IP for Kryron is with JB, Sean Floyd, Dr. Siegmund and a few former employees - to varying degrees.
That also assumes the PR by Sean and Matt in mid- April re: the development of a new, lighter weight "Ultralight" level 2 plate was developed in the absence of JB and ready to test and market.
So - Why did they not submit it for NIJ testing? If funding was there (or soon would be from "Ironridge") and it was ready to test, who stopped the expenditure?
It's possible that is the new armor plate (or a similar one) that "bigdog" refers to:
"I have done some real recent testing and demos and the results are awesome.......the orders will be coming....there is concern about Bourque in the field but things can be fixed if you are straight up."
**you are correct - I recommend "KZmike":
http://investorshub.advfn.com/boards/profilea.aspx?user=271083
contact: KZMike.bork.blog@gmail.com
mbd1 - You read my mind. I sent the article to BI via email. More of us could follow my lead and push that idea on the BOD.
John11 got an email from me and replied that CJ is not returning his calls or picking up the phone when he calls anymore...
I havea lot of questions for BI about their future plans but the BOD is not responding...yet. Remember what I wrote about fiduciary responsibility to the shareholders...
The info is in their email. If BI had a working phone number and a sales team (like Mr. Floyd) or even if Mr. Mendoza (has credibility) wanted to ask Alcoa to look over our alloy that might work for starters.
Company
Bourque Industries, Inc.
4729 E. Sunrise Dr.
#338
Tucson, AZ 85718
520-624-5248
email: contact@bourqueindustries.com
hmmm...perhaps. Licensing was always the strongest possibility and JB could not let his baby go, not even for legitimate outside testing. Remember Pratt-Whitney?
If CJ is guided by JB from prison, is she any more likely to license? I think not. Not without an incentive -good or bad.
Possibility-wise, you seem to be on the correct road for shareholders...or...should I say turnpike road?
"kb" - The BOD has a Fiduciary responsibility to act in the best interest of the shareholders. PERIOD.
Are they? If not, then they are liable. PERIOD.
To your point.
IF --- there is a "white knight" scenario your idea might still happen. Unfortunately - No shareholder has faith in this re-tread BOD (except for Mr. Mendoza) and the fact is the legacy debts for equipment / property leasing, lawsuits and potential suits from employees and early investors that have been shunned MUST be addressed during any "negotiation" for a renewed BI.
IMO - Proactive shareholder action is needed VERY SOON. One way or the other. Bring in the reliever ASAP before the pendulum swings and cuts to the bone.
If the BOD get scared and the Chap. 11 legal “out” drum keeps beating they may answer the call...then where will the common shareholder be? Empty handed.
ALCOA is looking for a partnership to develop a combat shell / single hull aluminum alloy for troop protection.
What are the odds BORK is in touch with them? Zero or less than zero (pretty good film BTW)?
http://www.alcoa.com/global/en/news/news_detail.asp?pageID=20131021005231en&newsYear=2013
excerpt:
Hull Development and the Alcoa Advantage
During the next 18 months, Alcoa Defense, the Army’s Research, Development and Engineering Command (RDECOM) and the Defense Advanced Research Projects Agency (DARPA) will coordinate research and development efforts with scientists at the Alcoa Technical Center, the world’s largest light metals R&D facility, to refine the hull design and develop the alloy requirements.
Alcoa Defense will then work with engineers at Alcoa Forgings and Extrusions in Cleveland to produce 20- by 7-foot demonstrator hulls to validate the performance benefits. These hulls will be forged using Alcoa Cleveland’s 50,000-ton forging press—one of two heavy closed die forging presses of this size in the United States and a strategically important asset to the Nation’s defense.
DUE DILIGENCE: Ironridge has a unique position now as second largest owner of BI stock and also preferred VOTING shares. Not only do they have 81 million common shares, but (I'm guessing) also 19 Preferred A Stock shares to date, each purchased at a set value of $5K. I surmise that's where the $95K of Ironridge proceeds originated.
BELOW - This is a first...and the explanation for the 15 mill. shares that showed up in our last "Q" Disclosure. It took more than a little DD I admit.
06/17/13; Ironridge Global IV, Ltd.; 15,000,000 Shares Restricted Convertible Preferred Stock for cash
On 9/27/11 during the reverse merger heyday, JB was issued 100 million shares of "Series "A" Restricted Convertible Preferred Stock" ...which means JB sold off 15 milion of his "4 for 1" voting shares....without explanation except that BI or he got cash.
If it's in the disclosures then I'm assuming BI got the cash?
Is that part of the $95K raised for BI operations instead of Ironridge purchasing more "Series "A" Preferred Stock" (as opposed to "Convertible Preferred")?
Where is that line item in our financial disclosure?
How much cash did he raise and did he deposit it into "Full Circle Trust"?
Is he willing to sell more of his voting stock and at what price?
08/02/13: Ironridge Global IV Ltd; 15,000,000 Shares for debt
Above is a deposit for the calculation period of repayment of $780K of debt by Ironridge to "vendors and suppliers". But they disclose an initial deposit of 35 mill. shares and now having over 81 mill. shares - WHEN does this EVER end?
Below - What debt was retired by BREFA? What services are these companies providing to BORK and did they receive immediately sellable common stock or was it "restricted" for a year?
06/17/13; Business Placement Associates, Inc.; 5,700,000 Shares for services
07/25/13; BREFA, Inc.; 8,600,000 Shares for debt
09/23/13: ANP Industries, Inc.: 3,700,000 shares for services
Thanks for the calls - everything you posted about Ultra input sounds very plausible. The way forward for BI and shareholders is TBD.
In my opinion only, CJ and her team have a small window of opportunity to convery their plans and to clear up the debts, generate a substantial funding source / pertnership or licensing sales "win" before events take a natural order.
****I trust they are reading this posting stream****
1) Ironridge Series "A" Preferred Stock and 2) Ironridge shares for DEBT REPAYMENT are two different financial instruments.
First, 2000 Preferred "A" shares were authorized on 5.30.13 for ANY investor, including Ironridge. Each preferred share is sold at $5K ea. times (19) shares = $95K in cash sold to Ironridge.
See OTC PR and State of Nevada filing in the public record.
Each "A" preferred share is redeemable for common stock under certain restrictive conditions.
Each "A" preferred share is not able to be voted but has senior ranking to the common stock in case of dissolution.
They also get an 8% per annum dividend payable in cash or stock.
****No dividends will be paid to Common Stock olders (like us) as long as there are outstanding Series "A" shares.
Second - On 8.12.12 Ironridge gave BI $780K in cash (or paid their debts) and in return was given a "bank" / lump qty of 35M restricted shares to be added to as the calculation period commenced after that date. Many millions have been added to the their restricted shares holdngs.
Restrictions include: e.g. Ironridge cannot take a short position and "short" those shares for 180 days after the calculation period ends.
The calculation period is never-ending it seems because they keep getting millions of shares !! Addition is simple - this is not simple and I don't understand why it's not adding up. It bears looking into.
The Kryron product is proven per the testing report. IMO the new BOD has a three week window to post a PR about the "Q" report due and their "plans" for the futue.
If there are no P.O.'s along with the plans or added Ironridge funding.....it's hard to see a near term (2-3 month) turnaround winner in BI stock PPS.
"Winter" - MIT does not perform R&D work for free. You are correct.
MIT DOES NOT BUY PATENTS FROM COMPANIES.
MIT does not and isn't going to do research & development on Kryron alloy for Bourque Industries - for free.
MIT does not and aren't going to come up with possible new enhanced alloy products, for free.
Therfore: MIT is not going to build us a bigger, better company around Kryron (for free or at all) and they certainly aren't going to bring any potential enhanced products to market for us.
One option: BI could pay MIT to re-confirm a third time that the Kryron alloy is as good as tested by Northwestern and Alfred University. Those two institutions reported it could be excellent for heat sinks.
Read the heading starting on page 2:
http://theory.physics.lehigh.edu/rotkin/newdata/mypapers/1850-55.pdf
The basic idea is that Kryron mixture with the aluminum and copper matrix with nanotubes combination is better at heat dissipation than aluminum alone.
If the $$$ is there for testing at MIT then it's an option, that's all.
If so, and MIT adds new information of value to what is known (and secret for now) BORK could sell the Kryron patents to another company who MIGHT then pay BORK royalties for use.
That scenario has been discussed before and is viable.
Hi Scorp - for kicks I checked the MIT site and called them and the receptionist I spoke to for a minute said they'll test and/or research a product(s) per a fee-based structure - but it's not "free" (maybe he did not know everything?).
Bourque already went that route with Northwestern University and Afred University and the test results were very good. Let's see if a pending license agreement will develop in the commercial market to drive Kryron forward again.
IMPORTANT: MIT likes it when industrial partners and the government funds THEIR research and they REALLY like it when industry wants to purchase THEIR technology and patents for use.
MIT has a vigorous tech licensing office.
http://web.mit.edu/tlo/www/
http://web.mit.edu/tlo/www/about/our_staff.html
"We grant licenses for our patented and copyrighted inventions, to both existing and startup companies that demonstrate the technical and financial capabilities to develop our early-stage technology into commercially successful products."
That last sentence doesn't sound too much like us right now....
All the "success" stories in the advanced materials arena flow out of MIT research and inventions. Good for MIT.
http://web.mit.edu/tlo/www/about/success_stories.html
Couldn't find a testing agreement form or joint venture partnership not originating with MIT's products.
***The BOTTOM LINE: They don't fund other companies' product development and supply venture capital to promote a product or company.
"Winter" - A later search found this and I posted it to IHUB yesterday.
http://web.archive.org/web/20120417055200/http://bourqueindustries.com/corporate-governance/
Saffer payment is "suspect" only if he's considered an officer if / because he's a part of the Operating Group. He and the other two guys (Len and Andrew) are not in the FY report as of May 31, '12...
Brett Scholl had left before August '12, too. He's not listed in the May '12 FY report.
Len and Andrew were employees but they had left - pretty sure they were history long before they were paid, but I could be wrong.
I suppose a search could be made of their actual termination dates but they only got $24K - might be worth pursuing for someone...
Bigdog - Is this what you're referring to ?
http://web.archive.org/web/20120417055200/http://bourqueindustries.com/corporate-governance/
Again, Saffer is suspect only if he's considered an officer if / because he's a part of the Operating Group. He and the ofter two guys are not in the FY report as of May 31, '12...
Len and Andrew were employees - pretty sure they were history long before they were paid, but I could be wrong.
I think there was something about them resigning by May '12 or sooner?
I suppose a search could be made of their actual termination dates?
Hi "Bigdog" -
I know you're trying to help and we ALL (most all anyway) want this alloy to get to market and find a home - with or without BORK being a part of the future.
BTW -I tried waybackmachine.com and searched for Bourque Industries and there are no records to be found per their search engine.
http://web.archive.org/web/20011130142035/http://archive.org/
Unless you found a link ?
I see Len and Andrew and Brett Scholl got paid and that's all I can find. I'm pretty sure they were not active officers in the company then...left for non-payment I think...maybe "let go" ?
Who knows ?
Len and Andrew got $12K each and Scholl's business got $166K..it's all there in the open.
Hursh and Saffer - attorneys are not officers and got $40K last year.
"BigDog" - The fact is I do remember what you did, but (no offense intended) keeping the books was not one that I recall.
I'm looking at the following:
http://www.scribd.com/doc/151511649/bork1
Item 2 documents the funding allocation agreed to by Ironridge. If Ironridge saw anything "hinkey" about the payees they would have said something to avoid problems. The terms are for vendors and equipment.
I've gone thru the filing and added up the Exhibit totals best I can to $705K - not including the Davis and Assoc. (no invoice shown) and the Nichols Contracting (Invoice illegible).
Those two invoices could easily add up to the "missing" $73K.
***MY CONCERN is where are the funds coming from that were used to buy the waterjet cutter ? That "MATH" does not compute into the $778K if the above is on target...
Item 4 lists the specific "payees" / vendors (attorneys, enigineers and architects and acountants are vendors)
but there is no reference to OFFICERS.
Len Casebier or Andrew Myers got $24K and had left BI long before i.e geting paid back wages... 8 lawsuits are pending for the smaller amounts by former employees.
Brett Scholl was an officer for a while but not as of May 31,2012.
See page 16 of 2012 FY Report:
http://www.otcmarkets.com/financialReportViewer?symbol=BORK&id=90167
He and his company had bills and they were due...as a vendor.
Bigdog - I'd like to help but I am in the weeds here....Without facts or paperwork proving your accusation that "officers" got paid (not former employees) there is no case.
"bigdog" - We go aways back but I have a few concerns with your points.
First, are you saying the ITAR restrictions were not the reason for an armor sale or the "JBT Electronics" deal being cancelled ? I'd need to see proof.
Post #21524: "There are no ITAR issues, it is NIJ certified and is 2 lbs lighter than what was for sale prior to....It was handed to Bourque on a silver platter was approved...and I am sure Mr. B shot it down.....it is a game that is being played with your interest not taken into consideration....go figure"
That is a STRONG ACCUSATION. Shutting down orders ? Cmon...
Second, this came from another poster and explains MOST of the $780K funds in 8/12 Ironridge deal. The invoices match up for the most part.
"Since no one here could come up with a list of debts paid off by the IronRidge deal...
Consider it a GIFT to the shareholders."
http://www.scribd.com/doc/151511649/bork1
http://www.scribd.com/doc/151511489/bork2
This is 2 of the 8 docs available... if anyone wants the others,
they are available here:
https://www.lasuperiorcourt.org/onlineservices/LAECourtOnlineIndex.htm
Matt got $80K commission and a BOD seat - that's not unreasonable for an "at risk loan" like anything run by JB. Matt got us $7.5 Milion LOC, Rieger andtesting to prove the alloy works for heat. I think that's why he did not accept any shares for services - he is / will be commisioned on any future "preferred shares" sold to Ironridge. He didn't "double dip" at least.
And the TESTING - Phenomenol. It's the first independent test of that use / heat sinks by a US company we've seen. Let's see if CJ and the remaininng folks can do something for us with it.
Oh yeah - JB paid to renew the patents somewhere in all that mess.
I note JB wasted $150K + of Ironridge $$ on a new waterjet cutter instead of a used one or paying back wages to Mr. Floyd and other employees..ahem..He promptly screwed the pooch and scuttled more deals than Hersheys has Kisses.
Off to jail he goes - do not collect $200....
Then Matt came in and the company sold that equipment off at a $90K loss to pay for testing / expenses I assume. He sold off the deed to the Eloy property too (to take a loss) but I don't see that recorded and where those funds went....
Look, everyone has their eyes open to CJ and what she did and could be trying to do again. We need to know more about her ACTIONS and DEEDS going forward - not PLANS or WORDS.
If an action by the shareholders is required to right the ship, that's not out of the realm of possibility.
TreBor - If - and this is a BIG if - IF CJ wants to prove her value she will expedite discussions for licensing with appropriate industrial players asap. Bob Rieger is extremely valuable as a testing project mamnager and liason in business negotiations. Thanks again to Matt Schissler.
Good point about the posible CJ reconnection with JB. I had sort of put that out of my mind.
As CEO, JB was by FAR the reason for the downfall of Bourque. His sole contribution was the development of basic Kryron. He is no scientist and he has no knowledge of how to further enhance Kryron. Dr. Siegmund helped him achieve whatever successes he did have.
If he were a advanced materials genius he'd have developed, 3rd party TESTED, PROVEN and then patented Kryron for the multiple applications and PROVEN variations.
Instead JB spent months aimlessly and fruitlessly experimenting in the R & D area of the Drexel Rd. facility, wasting investors money on charter flights and vices.
His self-destructive "habits", paranoia, narcisstic personality disorder, self-agrandizing delusions and HIGHLY suspect financial mis-dealings REPEATEDLY scuttled potential business clients and crushed shareholder trust along with share value for all early investors and turned BI into a trading commodity and a laughing stock in the advanced materials and ballistic armor industry.
Period.
The few fledgling sales successes BORK hadwere IN SPITE of JB - not because of him.
As a CEO JB was less that worthless to shareholders. JB sales relationship building skills are the equivalent of a suicidal business IED that explodes over and over and over.....
Therefore, if JB has any aspiration about returning to BI in any positionafter his release from prison in a few years he MUST be DENIED by any means necessary.
JB may have forgoten in the last 5 months of prison time how much BORK shareholders despise him.
Let me be the first to remind him and CJ: We are done with him and he is done with BORK - FOREVER.
Excellent thinking - however, the train has been stuck for a while..heck it's in reverse !
We need a funding and / or partner resource and if it's not going to be "Ironridge" - who own 55 million + shares now - then I don't know who it will be.
Is it possible Mr. Reiger can do a show and tell for some of his technology buddies and get them interested just based on this first test ?
OTC Markets is the only place that has the news. Is there going to be a paid PR so the world can read about the tests ?
"mdb1" quite right !! $1.0 million /.3 million dollars approx., or so from "JBT Electronics" - sizable LOI / P.O. cut to BORK.
JBT wanted to use it the light bulbs they sell in COSTCO and Wallmart now.
JBT felt they could reduce the area the heat sink used by 60% and still get as effective thermal conduction and moderation.
BORK had to back away from their offer due to Federal rules BORK could not get around, IMO.
Things could change RAPIDLY if the results keep coming in as spectacular as those from Northwestern and Alfred Univ.
Tier Upgrade - BORK stock is "OTC Markets" CURRENT as of 9.13.13.
http://www.otcmarkets.com/stock/BORK/quote
***BORK's KRYON alloy VERY SUPERIOR CONDUCTIVITY (HEAT SINKS) 9.16.13 IS a banner day for Bourque Industries. We owe Mr. Reiger and Mr. Schissler a debt of gratitude for leading BI to conduct blue chip independent white paper testing.
http://www.otcmarkets.com/stock/BORK/news/Conclusion-of-Independent-Lab-Testing?id=68582&b=y
QUOTE: “…(Kryron exhibited) very superior thermal conductivity, which could be the basis of a family of unique thermal management products (including heat sinks)”
QUOTE: “Testing was performed under the auspices of the NanoMaterials Innovation Center at Alfred University and Northwestern University laboratories.”
These tests validate the HEAT SINK testing in China earlier this year by “JBT Electronics”:
http://finance.yahoo.com/news/shenzhen-jbt-electronics-technology-co-204800574.html
Center For High Temperature Characterization (CHTC)
at Alfred University
#1 RANKED Ceramics Degree in U.S.
http://engineering.alfred.edu/research/chtc.cfm
Northwestern University McCormick School of Engineering – VPD Group
#4 RANKED Materials Engineering Degree in U.S.
http://vpd.ms.northwestern.edu/collaborators/index.html
This is a banner day for Bourque Industries. We have achieved much under the new mgmnt. but we have a long ways to go. Funding for more testing is paramount.
Mr. Bob Rieger (aka "the scientist") is an independent consultant hired by Bourque Industries to oversee independent third party testing of Kryron alloy.
We are lucky to have him working for the shareholders.
http://www.linkedin.com/pub/bob-rieger/10/b77/380
He writes his own papers - including that on Kryron testing from Northwestern and Alfred University - READ the heading and his report.
Anyone who writes differently is VASTLY uninformed and misleading readers.
Chemical and Physical Analysis of Kryron produced by Bourque Industries
Robert Rieger, Consultant
September 2, 2013
http://www.otcmarkets.com/stock/BORK/news/Conclusion-of-Independent-Lab-Testing?id=68582&b=y
Thermal properties useful for next generation higher heat generating circuits / semiconductors?
Prior to carbon nanotubes, diamond was the best thermal conductor known.
http://www.unidym.com/technology/cnt_property_thermal.html
DUE DILIGENCE: Independent Test Labs at "THE" Northwestern Univ. and Alfred University do NOT lie. The #4 rated Engineering degree/ school in the U.S and # 1 rated Ceramics degree in the U.S. ? Can a reasonable begin to even imagine the quality of testing equipment they have at their disposal ?
Can you believe "TreBor" that any human could think their engineering depts. allow lies !?! Seriously !?!
TreBor" - here's some more FACTS for the Uninformed:
Heat dissipation (aka thermal conductivity) test equipment @ Alfred Univ. is calibrated for ceramics and metals other than Kryron. Equipment list and specs are in the below link.
9.17.13 BORK Press Release: "These tests included x-ray diffraction (= up to 1600C degrees), energy-dispersive elemental scanning electron microscopy, electrical conductivity (= up to 1000 C degrees), thermal conductivity and field ion beam microscopy measurement and analysis."
Kryron tested BEYOND their capacity to measure = off the charts SUCCESSFUL = WOW !
Center For High Temperature Characterization (CHTC)
at Alfred University
“Our focus is to enable ceramic materials and processing advances that are both practicable and scalable using comprehensive facilities for characterizing the behavior of materials and devices exposed to high temperature environments.
http://engineering.alfred.edu/research/chtc.cfm
http://nanomic.org/Services.html
Here's a couple more phone numbers - any "doubters" can call these men up and tell them they are LYING about Kryron testing results on their equipment - or DROP IT.
Dr. Matthew Hall
Director of the Center for Advanced Ceramic Technology
607.871.2486
Mr. Barry Watkins
Business Program Coordinator
607.871.2473
Also: GE Global research developed this heat resistant engine with ceramics and has a contract with Alfred University for better batteries using ceramics. Interesting....
http://www.gereports.com/the-hottest-jet-engine/
"Looking for a better way, scientists at GE Global Research have developed new lightweight and heat-resistant materials called ceramic matrix composites (CMCs) that remain strong at temperatures as high as 2,400 F, well above any advanced alloy. Since the new jet engine core has CMC parts inside, it can get hotter and extract more power from the intense heat."
Is BORK sharing the PROPRIETARY portions of the Northwestern University and Alfred Univ. reports with interested parties within aerospace / DoD thru Bourque Industries Col. Mathis and prospective commercial customers ?
"The full Report is not being released as it contains confidential proprietary information"
If so...? hmmm....
Reiger's report is intentionally bare bones but CONFIRMATION of incredible thermal dissipation / heat sink properties is irrefutable.
Press Release EXCERPT:
"Set forth below are two portions of Mr. Rieger's report...
(The full Report is not being released as it contains confidential proprietary information):
More testing is planned to explore further the characteristics of Kryron for application as a potential heat sink material, and also to determine and document its potential benefits in ballistic armor applications and in other markets and applications."
HOWEVER...the Board and / or Ironridge needs to approve the $$$ to proceed with best testing. patents and enhancements. Ironridge is out to make $$$ not lose it - they will be hard pressed to turn Reiger down.
Thanks Winter ! I am most interested in the REDUCED size and form that Kryron can take in LED's. The Chinese at "JBT Electonics" were most impressed with the ability to condense the form factor and STILL achieve HEAT DISSIPATION superior to commonly used materials, remember ?
Performance + Space savings is valuable for industry.
Excerpt from "JBT Electronics" Press Release Jan. 31, 2013:
"In our testing to date we have found that the Kryron metal provided to us for testing was able to provide sufficient heat dissipation within just 14 square centimeters for each watt of LED power (considering only LED lights of 10 watts or more).
***This is more than a 60% REDUCTION in the size requirement of heat sinks cooling LED lights CURRENTLY.***
The global LED lighting market is expected to grow from EUR 7 billion in 2010 to EUR 40 billion in 2016.
(source http://ledsmagazine.com/features/8/9/13)"
http://finance.yahoo.com/news/shenzhen-jbt-electronics-technology-co-204800574.html
DUE DILIGENCE: Advanced Materials depts. BOTH look VERY strong. “Testing was performed under the auspices of the NanoMaterials Innovation Center at Alfred University and Northwestern University laboratories.”
We long shareholders owe Mr. Reiger and Mr. Schissler a debt of gratitude for leading BI to conduct blue chip independent white paper testing.
This is a preliminary report but it validates the HEAT SINK testing in China earlier this year by “JBT Electronics”:
“…(Kryron exhibited) very superior thermal conductivity, which could be the basis of a family of unique thermal management products (including heat sinks)”
http://finance.yahoo.com/news/shenzhen-jbt-electronics-technology-co-204800574.html
NanoMaterials Innovation Center at Alfred Univ..
http://nanomic.org/Equipment_Intro.html
http://nanomic.org/Services.html
Center For High Temperature Characterization (CHTC)
at Alfred University
#1 RANKED Ceramics Degree in U.S.
“Partnerships help to transfer technology from the lab to the marketplace. Our focus is to enable ceramic materials and processing advances that are both practicable and scalable using comprehensive facilities for characterizing the behavior of materials and devices exposed to high temperature environments (over 1000 C).”
Sounds promising to me.
http://engineering.alfred.edu/research/chtc.cfm
e.g. A 2012 PR working with General Electric to develop new batteries – General Electric…hmmm.
http://ceramics.org/ceramic-tech-today/alfred-to-lend-ceramic-electrolyte-and-glass-expertise-to-ge-global-research-battery-project
Northwestern University McCormick School of Engineering – VPD Group
#4 RANKED Materials Engineering Degree in U.S.
http://vpd.ms.northwestern.edu/group_members/graduate/Lo.html
http://vpd.ms.northwestern.edu/collaborators/index.html
Competitive materials Beryllium and Aluminum Nitride –
can Kryron be combined with ceramics ?
http://www.aavid.com/product-group/interface/insulators/beryllium
http://www.ceramtec.com/ceramcool/
This is a banner day for Bourque Industries. We have achieved much under the new mgmnt. but we have a long ways to go. Funding for more testing is paramount and getting access to the equipment in the Drexel facility may be of more importance than previously thought.
Stevie ! WRONG ! Due Diligence: If any company accepts funds and changes very little in their business culture then they will probably repeat their mistakes and fail anyway...BORK has already changed their business culture.
FACT: The MAJOR Difference that "KRYRON" and BORK shareholders have this time is $7.5 Million dollars in the hands of an all new BoD and mgmnt. led by successful men - and they have faith in the product so why shouldn't we ?
***PPS after "Ironridge" infuses bail out funds:
ULURU
9/14/11 (PPS @ .19) - 6/14/13 (PPS .49) - After getting "Ironridge" financing = 2.5X's increase in PPS
- better than before so you made an error
SIAF
11/1/11 (PPS .49) - 6/14/13 (PPS .40) After getting "Ironridge" financing = down .09 PPS
IMPORTANT: RECORD "Q1" Results - continues past growth = undervalued honestly; 4 sequential record growth "Q's" trading @ only 2.5 X's earnings ? This looks like a solid growth story now !
http://investorshub.advfn.com/Sino-Agro-Foods-Inc-SIAF-10074/
http://ih.advfn.com/p.php?pid=nmona&article=57604412
- better than before so you made an error
SRCO
6/14/13 (PPS .62)= now trading at 2X's 52 week low (.26) on April 19, 2013. After getting "Ironridge " financing. Not great but stable...
GET IT !??! LOL !!
Ya gotta admit: They performed BETTER or as well after they got "Ironridge" funding to stabilize or grow beyond their former position - like BORK wants to do with the $$$ infusion from "Ironridge".
"winter"- I did that yesterday and found three that have prospered. I guess you did not read my post or check the links. ...Nor did the other person apparently as there is nothing derogatory to be written about these companies below.
DUE DILIGENCE: anyone find the "Ironridge Global"website with a partial list of recent business investment partnerships -
***here are companies that performed quite well with "Ironridge" funding - a well-utilized "lifeline"***
http://sinoagrofood.investorroom.com/2013-05-16-Sino-Agro-Food-Inc-Reports-Record-Quarterly-Revenue-of-55-1M-with-EPS-of-16
http://www.otcmarkets.com/stock/ULUR/quote
http://www.otcbb.com/asp/info_center.asp?symbol=SRCO
http://www.ironridgeglobal.com/portfolio/
As for the future of BORK, it depends on the proven potential of "KRYRON".
I have been consistemt and ALWAYS touted the PRODUCT - "KRYON" which has huge potential - and the company does as well in the right hands. Early on, JB convinced a lot of good people to believe he was the right CEO for the job.
He was not and that became apparent within 14-15 months thanks to reports from Mr. Floyd.
IMO the company is in the right hands now, since March '13....it has a new lease on life and finding and a PROVEN BoD and scientist consultant ALL with tremendous connections.
This is the last chance for BI to prove they have a unique product in KRYRON with commercial viability.
I was curious about Mr. Rieger's background so I did the "google" thing and have discovered he lives in Tucson....Oh, and he REALLY knows his advanced materials and business mgmnt.. Fascinating synergistic potential with much-needed mfg. and casting / forging implications for Kryron.
"M Cubed" - They have contacts within and develop advanced ceramic materials and precision motion control products for the Semiconductor, Display, Industrial, and Defense markets.
Hmmmm....
http://www.mmmt.com/wp-content/uploads/2011/08/M-Cubed-Metal-Matrix-Composites.pdf
http://www.mmmt.com/contact/
http://www.mmmt.com/
IMO - He even looks really smart (not that it takes one to know one)
http://www.linkedin.com/pub/bob-rieger/10/b77/380
Chief Operating Officer, member Board of Directors M Cubed Technologies Inc. Public Company; 201-500 employees; Glass, Ceramics & Concrete industry
April 2007 – December 2011 (4 years 9 months)
Associate Director MBA Programs University of Arizona Eller College of Management Educational Institution; 10,001+ employees; Higher Education industry
December 2005 – December 2008 (3 years 1 month)
President Global Lab Products Fisher Scientific Public Company; 10,001+ employees; TMO; Research industry
2003 – 2005 (2 years)
Group VP Ceramics, Colorants, Electronic Materials Ferro Corporation Public Company; 5001-10,000 employees; FOE; Chemicals industry
1998 – 2003 (5 years)
****I think this man is perfect for developing and testing Kryron properties and getting the most out of the alloy****
"Bayou" - You might want to read this post for a viewpoint on Mr. Schissler I thought had validity.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88992658
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88992075