If a company buys a Siemens drive system.....they don't have to get permission from Siemens to publish "we bought a Siemens Drive system". It's a factual statement that doesn't have any connotation involved. In this case, if Cummins legal was involved, which i doubt they were, there is 0 legal reason for them to say 'dont put our name on your PR'.
Cummins power systems is a distribution company for cummins products in a certain region and the GM of Sales visited the coates facility along with the manager of sales and marketing. I meet with GM's of sales several times a month and we trial several hundred thousand dollars worth of new technology products on the vendors dime every year. Maybe 5% turn into real purchases. To me, what further lowers the severity of that meeting is that there were no procurement related individuals present, which shows that there currently isn't a serious intent for cummins to spend large $ with Coates. It really means nothing long-term until we see the PR that states clearly that they have a signed agreement. Definitely interested to see how the next rebuild goes. Keep in mind though, one fatal issue and the interest from Cummins will disappear fast.
Don't think im bashing either please, just sharing my thoughts. I actually bought a few shares today.
