HydroPhi Technologies Group Inc. (fka HPTG)

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To highlight this issue, Hydrophi first reported back in January 22nd, 2015 the following: "HydroPhi Announces Over $1 Million Initial Purchase Order From Energia Vehicular Limpia S.A. de C.V. for Its Client — Rutas Unidas to Install Hydroplant(R) Units on Transit Buses in Mexico City"



Link: http://hydrophi.com/2015/01/22/hydrophi-announces-1-million-initial-purchase-order-energia-vehicular-limpia-s-de-c-v-client-rutas-unidas-install-hydroplantr-units-transit-buses-mexico-city/


Hydrophi followed up with June 2015 10-K in which they stated "To date, we have not had significant sales penetration in any of our intended markets. Sales mostly have been limited to testing situations." (See page 8)


Additionally, Hydrophi stated this in that same 10-K, "We expect that several of the potential customers will have order time frames that will be extended over a longer term, as their funding is related to public service contracts or are themselves in the public sector. Several of the other potential customers are private companies, and therefore we would expect the length of time to final purchase orders will be more expeditious, but to date we have not received any orders from these potential customers. We are not able to predict at this time any order flow, both in quantity of units or timing for the placing of orders."