Actually, I am much busier now--be careful what you wish for I guess. But I was on a boring videocon and checked in here with the audio left on in case they said, "What does everyone think about that?" That is when I saw your question. So, with the videocon over let me honor your question.
As was said before, the Argus is in informal custody of Demeter at the moment. That is just because we took over the hangar. WSGI has requested that we tie up that loose end from the spin-off and we are working on it. But, as one might expect, the Demeter spin-off created many complications especially related to TAR research projects. At the moment it appears like we will get them all including the Argus and TAR will close. I don't know but I suspect the GTC contract will be transferred elsewhere in the Trident family of companies. That is just a guess. The papers aren't signed yet, but that is what things look like to me at the moment. When that is done, we need to redo the Consortium documents.
EWA has verbally expressed interest to continue but need to run the agreement through their legal dept once TAR and Demeter have their agreement completed. AVETEC has been acquired twice and restructured. It will probably be easiest to leave them out and contract with Wright State Research Institute for any modeling as it is needed.
We want to keep the agricultural brand of Demeter pure so we may start a subsidiary to hold the research with Drexel, Ohio University, Kucera, EWA, Riverside Research and WSGI (Argus). We probably will put a line in the Consortium agreement that says, "Demeter, Inc. and/or its assigned subsidiaries" to cover that eventuality. If you hear about a new subsidiary that is no funny business just brand clarity--also some task focus. We interviewed a potential CEO for that subsidiary last week--we are still dancing and working on funding.
When we inflate the Argus for static testing or to confirm "as builts" (it is a prototype) people always get excited and gather around. Regionally, it is really good for our company to be associated with it in my opinion. As a shareholder, I wish it was better for WSGI. But you can read into this post that the TAR/Demeter separation complicated things for WSGI. I am sad about that because things always seem to be complicated for WSGI! I think we are close to the end of TAR/Demeter discussions and promised to tell Monty here when the papers were signed. Just not yet. WSGI is waiting for the Consortium to send a new agreement. So, all of that delay has been at our end. Hope that helps!
